Merrill Lynch Wealth Management launches 2012 Global Investing Programme for next generation ultra high net worth individuals
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed July 25, 2012 3:30 pm

UAE. Merrill Lynch Wealth Management announced the launch of its annual Global Investing Programme (GIP), welcoming 50 next generation ultra high net worth individuals (UHNWI) from Europe, the Middle East and Africa (EMEA) to London.

The theme for this year’s programme is “Investing and Values”, with a focus on philanthropy and corporate social responsibility.

Participants of the invitation-only programme are aged between 18 and 25 years and come from countries including the United Arab Emirates, United Kingdom, Switzerland, France, Spain, Italy and Turkey. During the week-long event, they will take part in sessions led by Merrill Lynch Wealth Management professionals and external partners on topics including financial planning, portfolio management and investments.

In addition to financial and investment planning, the programme will focus on values; with sessions on philanthropy, corporate responsibility and socially responsible investing. Merrill Lynch Wealth Management professionals will explore the growing importance of these themes and the opportunities they present; highlighting ways in which the next generation can integrate them into their financial planning process and investment portfolios.

A new feature of the programme will be a seminar led by the World Economic Forum (WEF) Global Shapers Community – a network of young, extraordinary individuals around the world who aim to generate fresh ideas and entrepreneurial solutions to the world’s most pressing challenges.

This seminar includes a brainstorming session on community development and leadership skills, centering around the WEF’s commitment to improving the state of the world and highlighting the roles individuals can take through involvement in their local communities.

A key feature of the GIP is a workshop on philanthropy, which explores the different avenues for effective charitable giving. This is followed by visits to selected charities: the Cardinal Hume Centre, which supports homeless young people and badly housed families; Clean Break, which uses theatre to tell the stories of imprisoned women; Epic Arts, which provides social interaction for disabled people through leisure activities; Envision, which mobilises young people to generate social and environmental change; Maggie’s Centres, which provides information and support for those affected by cancer; and Greenhouse, a charity delivering sports and arts coaching to inner-city youngsters.

These visits provide participants with a broader understanding of philanthropy, from how to approach charitable giving to how charities operate on the ground and the process of fund raising. Putting this knowledge into action, the students are then divided into teams to research a specific charitable issue, develop a presentation and pitch on behalf of their assigned charity to compete for a financial donation from Merrill Lynch Wealth Management.

The Global Investing Programme, which has run in EMEA since 2007, will be held at the Bank of America Merrill Lynch Financial Centre in London. Merrill Lynch Wealth Management also runs similar programmes in Singapore and Hong Kong.  

David Jervis, head of Merrill Lynch Wealth Management EMEA, said, “Our clients attach great value to equipping their sons and daughters with a good understanding of the processes and disciplines of successful investing, making them better informed about managing their wealth in the future. The Global Investing Programme provides participants with that important foundation, in addition to giving them insight into philanthropic involvement, corporate responsibility and socially responsible investing.”

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 more than 17,500 Financial Advisors and more than $1.8 trillion in client balances as of March 31, 2012, it is among the largest businesses of its kind in the world. More than two-thirds of Merrill Lynch Global Wealth Management relationships are with clients who have a net worth of $1 million or more.

Within Merrill Lynch Global Wealth Management, the Private Banking & Investment Group provides tailored solutions to ultra affluent clients, offering both the intimacy of a boutique and the resources of a premier global financial services company. These clients are served by more than 160 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.



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