John Thiel, the former head of Merrill Lynch Wealth Management, has announced the formation of Indivisible Partners, a privately owned independent advisory firm, along with several Merrill alums.
Thiel wrote on LinkedIn that Indivisible was created in response to advisers’ desire for “a different model” where a more entrepreneurial adviser could draw on the expertise of others with a long track record coaching and supporting advisers’ in growing their business. The model allows advisers to both own 100 percent of their business and gain equity ownership in a broader partnership of advisers.
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