Vintage Racers Fit Wealth Management Leader’s Customer Profile
The Sportscar Vintage Racing Association (SVRA) announced today that Merrill Lynch’s Private Banking & Investment Group has been named “Official Wealth Management Company of SVRA.” Merrill Lynch is a global leader in wealth management and investment services.
“We are excited to welcome such a leading and globally recognized corporate brand to our style of motorsport,” said Tony Parella, SVRA president and CEO. “To me, having them invest in SVRA further demonstrates how far our branch of the sport has come in just a few years.”
“Many of our clients, prospects and private wealth advisors are passionate about vintage car racing, and we are delighted to support their interest,” said Don Plaus, head of the Private Banking & Investment Group at Merrill Lynch. “Having line of sight into the SVRA paddock is an exciting way to highlight our commitment to personalizing our services to the unique needs of people, their families and their businesses.”
The announcement builds on the string of SVRA sponsorship agreements over the past year. Other top-brand SVRA investors include Jaguar, Land Rover, NetJets, Mazda, Harley-Davidson and Robert Talbott. SVRA’s success in attracting sponsorship is a cornerstone to the company’s impressive momentum. Company officials report consistent annual triple-digit growth since 2012. SVRA has rapidly expanded from a regional series largely concentrated in the southeastern United States to one that spans the continent at most of America’s top race courses.
About Merrill Lynch Global Wealth Management
Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,953 financial advisors and $2.31 trillion in client balances as of December 31, 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.