Billion-dollar Merrill team bolts
Trio of advisers launch Beverly Hills Private Wealth as an independent registered investment adviser and selects Goldman as custodian.
Scott Shagrin, Ira Ravitz and Lisa Weiner, who managed $1 billion assets under management at Merrill Lynch, have formed Beverly Hills Private Wealth, a registered investment adviser, and selected Goldman Sachs Advisor Solutions as their custodian.
The team’s four associates made the move with them. Shagrin and Ravitz have worked together since 1998 when Ravitz joined Smith Barney, where Shagrin had been a representative for 15 years. They moved to Merrill Lynch in 2006, where they were joined by Weiner in 2013.
Based in Beverly Hills, California, the new firm provides successful individuals and multi-generational families with tailored planning, investment management, tax planning, and risk management, Beverly Hills Private Wealth said in a press release.
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