Delray Beach, FL Office

Team
Updated today
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Merrill

Institution

Firm-wide stats for Merrill

Total advisors

25,610

Across 3,249 offices

Clients per advisor

70 Very Low

Avg AUM per client

$860,085 Very High

HNW client ratio

29% High

About

Merrill, together with its affiliate Managed Account Advisors LLC (MAA), provides managed account services to Bank of America fiduciary clients through the Select Portfolio Solutions (SPS) Program. The firm offers model‑based and discretionary strategies constructed by internal Chief Investment Office (CIO) teams and third‑party style managers and implements trading, account administration and custody support for individuals, high‑net‑worth clients, pension and profit‑sharing plans, corporations and charitable organizations.

Portfolio implementation varies by Strategy: some are model‑based where MAA implements CIO or style manager models, while others authorize third‑party Discretionary Managers to execute trades directly; the CIO also uses strategic and tactical asset allocation and offers “tax aware” versions of related strategies for higher tax‑sensitivity investors. Cash allocations are typically swept through the Bank’s Cash Sweep Program or invested in money market alternatives, and clients can request reasonable investment restrictions (which MAA may accept or decline and may have limited effect where Funds are used).

Several features in the brochure distinguish Merrill from many peers: as part of the Bank of America group it has affiliates that operate in swaps and derivatives markets and it has disclosed planned arrangements to receive “Support Fees” and to offer optional Data Analytics to third‑party firms beginning January 1, 2027 (the brochure notes Merrill will not receive Support Fees for accounts enrolled in the SPS Program). The firm also discloses multiple SEC administrative orders and related enforcement matters (including a 2025 order with a $25 million civil penalty related to cash sweep disclosures), and the Program materials do not present the SPS service as a source of standalone financial planning.

Based on Merrill

Expertise

Tax-loss harvesting Active portfolio management Wealth management

Based on Merrill

Location

Delray Beach FL

Advisors at this office

2

Advisors at this office

David B

Series 63, Series 65

Delray Beach, FL

Merrill

David Bormel is a Senior Financial Advisor based in the Towson, Maryland office, where he has dedicated his entire 43-year career. He specializes in designing individualized portfolios comprising equities, fixed income, and cash investments. As a qualified Portfolio Manager, David manages personalized or defined strategies that may include individual stocks and bonds, Merrill model portfolios, and third-party investment strategies. He provides both traditional advice and discretionary portfolio management through the firm's Investment Advisory Program. David offers clients a comprehensive range of services including wealth transfer, education planning, liability management, retirement planning, tax minimization, options, and asset preservation. Working alongside specialists with diverse expertise, he assists clients with financial goals from asset accumulation to securing lifetime income streams. He holds a Bachelor's Degree from the University of Maryland and is designated as a Personal Investment Advisor (PIA). A lifelong resident of the Baltimore area, David resides in Owings Mills, Maryland, with his wife, Aileen, and their children. He is actively involved in his synagogue, having served on its Board of Trustees. Outside of his professional commitments, David enjoys golfing, spending time with his family, and traveling.

Wealth management Active portfolio management Options & derivatives strategies General retirement planning Financial Professional Parents

Robert M

Series 63

Delray Beach, FL

Merrill

Robert Mirsky serves as a Wealth Management Advisor at Merrill Lynch Wealth Management, bringing over 30 years of experience in the financial services industry. He joined Merrill Lynch in 2009 after holding the position of Senior Vice President at a major wirehouse firm. Robert focuses on developing personalized wealth management strategies that consider the full financial picture of his clients. His areas of expertise include college education planning, family wealth management strategies, liquidity management, managing new wealth, personal retirement planning, portfolio management services, special needs planning strategies, individual and corporate investment strategies, tax minimization, and retirement income. Robert places emphasis on a disciplined wealth management process, working closely with clients' attorneys and accountants to coordinate total wealth management needs. He has been recognized as a Forbes Best‑In‑State Wealth Advisor for eight consecutive years, from 2019 through 2026. Robert holds a Personal Investment Advisor (PIA) designation and earned his high school diploma from Port Richmond. He is a member of the Ben Bay Kiwanis Club and is involved with Dakota Kids. Outside of his professional work, Robert enjoys biking, cooking, photography, and spending time with his wife Michele, their twin sons Nicholas and Daniel, and their two Shih Tzus, Nico and Nelly.

Wealth management Retirement income strategy General retirement planning Cash flow / budgeting College savings (529s, UTMA, etc.) Parents Established Professionals
View complete list of advisors at this office
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