Troy, MI Merrill Lynch Private Banking & Investment Teams Merge

Troy, MI. - Merrill Lynch announced today the merger of two Private Wealth Advisor groups to form the Locniskar Pursel Bucher Biddinger Group. The new team, based in Troy, MI., is created by the merger of the Locniskar Group and Pursel Bucher Group.

“This merger forms a multi-generational powerhouse team. The combined, significant investment expertise of these advisors will serve families and businesses for decades to come,” said David Jennings, Merrill Lynch Market Executive for Southeast Michigan/ Northwest Ohio.

Dana Locniskar joined Merrill Lynch in 1970 and built an investment group with extensive experience in wealth management for high-net individuals, families and foundations. Locniskar focuses on wealth management, concentrated stock strategies and philanthropic planning, trust and estate services. He has been recognized as one of America’s top financial advisors by Barron’s, Forbes, and the Financial Times.

“We are thrilled to join forces,” said Locniskar. “We all share a single-minded emphasis on providing clients with outstanding service, and the merger only builds on our ability to help families reach their investment goals.”

Pursel Bucher was one of the first teams at Merrill Lynch to be named to its Private Banking and Investment Group, a division that serves the specialized needs of highly affluent clients. Thomas Pursel, who joined Merrill Lynch in 1983, works closely with affluent individuals, families and corporations with $10 million or more in investable assets.

Pursel has ranked among the Barron’s Top 1200 financial advisors in 2015, 2016 and 2017.

“Our complementary expertise, specialization and common focus on client service make this a wonderful fit,” said Pursel. “The new team reflects the multi-generational make up of our clients and that is significant in meeting clients’ long-term wealth management objectives.”

Merrill Lynch Wealth Management

Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,954 financial advisors and $2.25 trillion in client balances as of September 30, 2017, it is among the largest businesses of its kind in the world. Merrill Lynch Global Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment, cash and credit management. Within Merrill Lynch Global Wealth Management, the Private Banking and Investment Group focuses on the unique and personalized needs of wealthy individuals, families and their businesses. These clients are served by nearly 200 highly specialized private wealth advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Global Wealth Management is part of Bank of America Corporation.