Former Merrill Lynch Wealth Management head John Thiel announced the creation of a new RIA on Monday led by a slew of alum from the brokerage giant.
Indivisible Partners, which gained Securities and Exchange Commission (SEC) approval on Friday, is based in Clearwater, Fla. The firm will cater to a mix of high net worth individuals, personal trusts, pensions, corporations and charities, according to its initial Form ADV brochure. Thiel will serve as executive chairman of the firm alongside co-presidents leading advisor teams Paul Lambert, Bill Lorenz and Tom Fickinger.
In a LinkedIn post announcing the launch, Thiel said Indivisible came about after hearing advisors’ repeated calls for a ‘different model’ where they are offered additional support and have more of an ownership stake in their businesses.
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