Utica, NY Office
TeamData sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Merrill
Institution
Firm-wide stats for Merrill
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
Location
102 Business Park Dr
Utica NY 13502
Advisors at this office
2
Advisors at this office
Lu Ann L
Series 63, Series 66
Utica, NY
Merrill
Lu Ann Losito is a Senior Financial Advisor at Merrill Lynch Wealth Management. She has been in the financial services industry since 2000 and specializes in personal retirement planning, portfolio management services, and retirement income. Lu Ann works with clients to build wealth management strategies tailored to their individual needs, focusing on understanding their life priorities and collaborating to create personalized financial plans. Her professional background includes over 20 years in finance, following a 16-year career in radio. Lu Ann holds several professional designations, including Accredited Asset Management Specialist (AAMS), Chartered Retirement Planning Counselor (CRPC), and Personal Investment Advisor (PIA). She earned her High School Diploma from Herkimer High School. Outside of her professional work, Lu Ann enjoys cooking, golfing, and music. She and her team are actively involved in their communities, dedicating time and resources to support charitable organizations such as United Way.
Michael M
Series 66
Utica, NY
Merrill
Michael McGill is a Senior Financial Advisor with Merrill Lynch Wealth Management, bringing 23 years of industry experience to his role. Since joining Merrill in 2010, he has focused on helping clients pursue their financial goals through personalized wealth management strategies. Michael works with clients on a variety of areas including college education planning, divorce transition planning, liquidity management, retirement income, philanthropic planning, socially responsible and ESG investing, and small business strategies. He holds the Personal Investment Advisor (PIA) designation and earned his High School Diploma from Natick High School. Michael is also affiliated with the American Legion Post 1376 in New Hartford, NY. In addition to his professional commitments, he participates in charitable golf events. Outside of work, Michael enjoys numerous outdoor activities such as adventure sports, baseball, billiards, boating, fishing, golfing, ice hockey, reading, skiing, and traveling.
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