Former head of Merrill Lynch Wealth Administration John W. Thiel is launching an impartial RIA, Indivisible Companions, within the first quarter 2025, he introduced on LinkedIn.com.
“It’s with immense delight and pleasure that I, together with my co-founders, introduced the formation of Indivisible Companions, a privately-owned impartial advisory agency,” Thiel mentioned, in a LinkedIn publish. “Now we have been listening to advisors all through our careers and continued to listen to an analogous theme: a fervent need for a unique mannequin. One the place a extra entrepreneurial advisor may draw on the experience of others who’ve a protracted observe file of teaching and supporting advisors in rising their enterprise.”
Thiel has registered the Clearwater, Fla.-based RIA with the Securities and Alternate Fee, however lists no property beneath administration as of Oct. 1. It’s a wholly-owned subsidiary of privately-owned Forabya LLC, a holding firm that lists Thiel as a director. Underneath providers provided, Indivisible lists portfolio administration for people and companies, monetary planning, pension and profit-sharing plan providers and number of different advisors. The agency will use Constancy for custody.
Thiel will function founder and govt chairman of the brand new agency. His co-founders embody John Hogarty, former COO of Merrill Lynch; Peter Cieszko, a former head of enterprise strategic relationships at American Century; Paul T. Lambert, a former division govt at Merrill; Invoice Lorenz, a former division govt and managing director at Merrill; Tom Corra, former head of company monetary planning and evaluation at Constancy; Tom Fickinger, a former divisional market govt at Merrill; Michael Adornetto, a former COO of Merrill; Alok Kapoor, a former managing director at Merrill; and Stephen Hostetler, former COO of worldwide wealth and retirement options at Merrill.
Thiel beforehand spent 27 years at Merrill Lynch, together with 5 years as head of Merrill Lynch Wealth Administration enterprise from 2011 to 2016. He subsequently spent a yr as vice chairman of worldwide wealth administration and funding administration enterprise at Financial institution of America.
Thiel at present sits on the board of administrators of Franklin Templeton, Cohen & Steers Revenue Alternative REIT Inc. and Decker Communications, amongst different organizations. He didn’t instantly return requests for remark.
In recent times, a number of former Merrill Lynch executives have launched their very own assist platforms for RIA corporations, together with Sanctuary Wealth and NewEdge Advisors.
