35 Burst results for "Merrill"
Riley double in 9th lifts Braves over D-backs 1-0 for sweep
"Austin Riley doubled home medals in the given Atlanta one zero walk off win over the Arizona Diamondbacks and a sweep of the three game series The double was Riley's 61st extra base hit of the season and 26th in the month of July setting a team record previously held by Hank Aaron Those moments you know you try to try to go to a place where you can focus on the picture and like I said you just try to lock in The game was a pitcher's duel with starters max freed of Atlanta and Merrill Kelly of the D backs going 7 innings each without yielding a run Braves closer Kelly Jansen picked up the win Gary mckillop's Atlanta
Who Makes the Rules That Govern Elections?
"When I had dick Morris on the podcast yesterday, he mentioned the importance of voting rights case coming up this fall before the Supreme Court, and I thought I would discuss that case, well, really two cases. In a little bit more detail, the cases are coming up together. So the first one is called is called Merrill versus Milligan. There's a second kind of similar case. There, this is the Alabama case. And then there's more versus Harper. This is the one that actually did Morris was referring to, which is the North Carolina case. And both cases involve voting rights, but they also involve the key question of who decides what the election rules should be. Who makes that decision? And this is a critical question I said in 2000 meals that Democrats tend to focus on the election and Republicans on the campaign. In other words, Republicans by and large focus merely on getting the message out, having a rally and they think that once you've done that, once you've made your case before the American people, your job is now done. And I have to admit I was a little bit like this myself. I would make the case and participate in the election debate and then walk in myself to vote and pull the curtain and cast my ballot and then I've done my civic duty and I count on the system counted on the system to properly tabulate the votes and decide the matter fairly and then I would kind of an eagerly await the result. Who won? But the idea of scrutinizing the process. Very similar to going to the back of a restaurant and scrutinizing how you meal is actually prepared. This is something that Republicans in general are not. Accustomed to.
Dozens more civilians rescued from Ukrainian steel plant
"Dozens dozens dozens dozens of of of of civilians civilians civilians civilians were were were were rescued rescued rescued rescued from from from from the the the the house house house house of of of of style style style style steel steel steel steel plant plant plant plant emerging emerging emerging emerging from from from from tunnels tunnels tunnels tunnels were were were were you you you you crazy crazy crazy crazy and and and and fighters fighters fighters fighters are are are are making making making making a a a a last last last last stand stand stand stand Russian Russian Russian Russian and and and and Ukrainian Ukrainian Ukrainian Ukrainian officials officials officials officials say say say say fifty fifty fifty fifty people people people people including including including including eleven eleven eleven eleven children children children children were were were were brought brought brought brought out out out out of of of of the the the the besieged besieged besieged besieged steel steel steel steel mill mill mill mill in in in in Merrill Merrill Merrill Merrill poll poll poll poll so so so so she she she she could could could could press press press press cameras cameras cameras cameras captured captured captured captured the the the the scene scene scene scene as as as as soldiers soldiers soldiers soldiers wearing wearing wearing wearing white white white white armbands armbands armbands armbands help help help help evacuees evacuees evacuees evacuees with with with with their their their their luggage luggage luggage luggage they they they they left left left left a a a a battered battered battered battered yellow yellow yellow yellow school school school school bus bus bus bus and and and and climbed climbed climbed climbed into into into into a a a a blue blue blue blue commuter commuter commuter commuter bus bus bus bus for for for for a a a a trip trip trip trip to to to to a a a a town town town town near near near near the the the the Russian Russian Russian Russian border border border border where where where where they they they they were were were were handed handed handed handed over over over over to to to to United United United United Nations Nations Nations Nations and and and and red red red red cross cross cross cross representatives representatives representatives representatives hundreds hundreds hundreds hundreds of of of of civilians civilians civilians civilians remain remain remain remain an an an an official official official official said said said said efforts efforts efforts efforts would would would would continue continue continue continue covering covering covering covering your your your your propane propane propane propane co co co co whose whose whose whose husband husband husband husband commands commands commands commands Asia Asia Asia Asia regiment regiment regiment regiment troops troops troops troops inside inside inside inside the the the the plant plant plant plant issue issue issue issue to to to to plead plead plead plead to to to to evacuate evacuate evacuate evacuate hundreds hundreds hundreds hundreds of of of of wounded wounded wounded wounded soldiers soldiers soldiers soldiers and and and and spare spare spare spare the the the the remaining remaining remaining remaining fighters fighters fighters fighters she she she she told told told told the the the the AP AP AP AP they they they they might might might might be be be be willing willing willing willing to to to to go go go go to to to to a a a a third third third third country country country country but but but but if if if if nothing nothing nothing nothing is is is is done done done done to to to to save save save save them them them them they they they they would would would would fight fight fight fight to to to to the the the the end end end end without without without without surrender surrender surrender surrender I'm I'm I'm I'm Jennifer Jennifer Jennifer Jennifer king king king king
More details emerge about teen in Michigan school shooting
"Two two parents parents charged charged with with their their son son in in a a Michigan Michigan school school shooting shooting failed failed to to get get their their bond bond reduced reduced James James and and Jennifer Jennifer Crumley Crumley are are charged charged with with involuntary involuntary manslaughter manslaughter four four people people were were shot shot and and killed killed at at Oxford Oxford high high school school prosecutor prosecutor mark mark he's he's told told the the judge judge there there were were warning warning signs signs about about their their fifteen fifteen year year old old son son Ethan Ethan instead instead they they bought bought the the gun gun he he used used at at the the school school he he displayed displayed terrifying terrifying tendencies tendencies and and behaviors behaviors and and he he literally literally sketched sketched out out what what he he planned planned to to do do in in his his journal journal in in the the throngs throngs Keast Keast says says the the teenager teenager had had hallucinations hallucinations and and was was torturing torturing and and killing killing animals animals suffered suffered from from a a bird bird that that he's he's working working in in a a jar jar for for six six months months and and Crumley Crumley is is charged charged as as an an adult adult with with murder murder and and other other crimes crimes defense defense attorney attorney at at Merrill Merrill Lehman Lehman argued argued for for lower lower bond bond trying trying to to sleep sleep your your honor honor they they weren't weren't they they are are not not like like wrist wrist tape tape from from W. W. X. X. Y. Y. Z. Z. Leman Leman insist insist the the crime crime lease lease didn't didn't know know a a school school shooting shooting was was in in the the works works I'm I'm at at Donahue Donahue
NFL reduce isolation, Madden dies, Air Force, Gonzaga win
"AP AP sports sports I'm I'm John John Steph Steph curry curry regional regional milestone milestone Tuesday Tuesday as as the the warriors warriors host host of of the the nuggets nuggets his his three three pointer pointer near near the the end end of of the the third third quarter quarter was was the the three three thousandth thousandth of of his his career career what what his his twenty twenty three three points points not not enough enough as as Denver Denver edge edge Golden Golden State State eighty eighty nine nine eighty eighty six six the the bucs bucs won won their their fourth fourth straight straight as as you you listen listen to to the the group group will will have have twenty twenty eight eight points points as as Milwaukee Milwaukee beat beat Orlando Orlando one one twenty twenty seven seven one one ten ten lebron lebron James James Russell Russell Westbrook Westbrook both both posted posted triple triple doubles doubles James James with with thirty thirty two two points points eleven eleven boards boards eleven eleven assists assists Westbrook Westbrook twenty twenty four four twelve twelve and and ten ten as as the the Lakers Lakers snapped snapped a a five five game game losing losing skid skid what what the the one one thirty thirty two two one one twenty twenty three three women women in in Houston Houston John John Madden Madden considered considered the the face face of of the the NFL's NFL's Super Super Bowl Bowl winning winning coach coach broadcaster broadcaster and and name name behind behind the the popular popular Madden Madden NFL NFL video video game game has has died died at at the the age age of of eighty eighty five five Madden Madden first first came came to to prominence prominence as as the the coach coach of of the the Oakland Oakland Raiders Raiders worst worst teams teams advance advance to to seven seven AFC AFC title title games games ultimately ultimately winning winning Super Super Bowl Bowl eleven eleven is is seven seven fifty fifty nine nine winning winning percentage percentage is is the the best best among among NFL NFL coaches coaches with with more more than than one one hundred hundred games games but but none none gained gained even even more more recognition recognition money money moved moved into into broadcasting broadcasting becoming becoming the the prime prime color color commentator commentator for for CBS CBS fox fox ABC ABC and and NBC NBC there's there's a a P. P. rodeos rodeos Tom Tom Merrill Merrill the the NFL's NFL's reducing reducing isolation isolation time time for for players players who who test test positive positive for for gold gold at at nineteen nineteen and and are are a a symptomatic symptomatic including including unvaccinated unvaccinated players players two two five five days days from from ten ten J. J. Kersal Kersal caught caught a a twenty twenty six six yard yard go go ahead ahead touchdown touchdown pass pass from from Clayton Clayton tune tune with with three three twenty twenty seven seven left left to to help help number number twenty twenty one one Houston Houston it it was was seventeen seventeen thirteen thirteen victory victory over over Auburn Auburn in in the the Birmingham Birmingham bowl bowl Donovan Donovan Smith Smith threw threw for for two two hundred hundred fifty fifty two two yards yards and and a a touchdown touchdown he he ran ran for for another another score score Texas Texas tech tech beat beat Mississippi Mississippi state state thirty thirty four four seven seven in in the the liberty liberty bowl bowl Brayden Brayden point point return return to to the the temple temple lineup lineup after after missing missing fourteen fourteen games games with with an an injury injury he he had had a a pair pair of of goals goals of of the the lightning's lightning's five five four four overtime overtime win win over over Montreal Montreal yeah yeah I I mean mean the the game game is is in in change change but but you you know know some some of of the the timing timing was was a a little little off off you you know know kind kind of of six six spots spots little little bit bit off off in in the the in in the the early early parts parts of of the the game game and and just just kind kind of of felt felt better better as as it it went went on on I'm I'm John John AP AP sports sports
Caleb Williams leads No. 12 Oklahoma past Iowa State 28-21
"Twelfth ranked Oklahoma kept its slim hopes alive for college football playoff berth by downing I was the twenty twenty one what about Caleb Williams ran for a touchdown pass for another to lead the Sooners to a come from behind win the cyclones took a seven nothing lead five minutes into the game but less than a minute later Williams ran seventy four yards for the tying score the Sooners then took the lead nine seconds before halftime when Jaylen Redmond returned a fumble forty two yards for a touchdown Williams then threw an eleven yard TD pass to Merrill Williams in the third quarter to cushion the lead I'm Tom Mariam
"merrill" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"All right one more question. Do you think that project. Thunder is the beginning of greater acknowledgement by bank of america. That there are changes that need to be made to stab are further attrition. Or do you think it was just an olive branch one in done. Yes so i actually do think that it's a step in the right direction for many advisors who are us a somewhat happy. There are looking for a reason to stay and for the first time in a while. The bank was humble. Enough to recognize the attrition and the root cause of what some of that attrition was so certainly any of these changes that they rolled out our positive. I don't think anyone's taking issue. With what the changes represent and perhaps it is just the beginning. Maybe there will be other major changes if you look at the twenty twenty two advisor compensation that was released on october twenty six. They didn't really make any major changes like many had expected. They kept some of the pandemic changes in there as far as the number of new households. The brought in related to the growth grad. They made it so. That advisors got full revenue credit for inherited accounts. So i think there are kind of moving in the right direction. That said though for many it is i think too little too late and even though they make these changes it still doesn't get at the core fundamental reasons that a lot of advisors are feeling like bank of america is not the right long-term partner. What do you think well said. I think that's right. And i think that the acknowledgement that this was a step in the right direction is certainly great and so i think what would i say. Is that an adviser. That's already in the shoot. That is has already committed to move to another firm or far into the exploration process project thunder and a lack of major changes to the concord. Probably not enough to keep that advisor in their seat but certainly advisor. Who's the lifer who really doesn't want to move. They are probably well advised to take a wait and see approach. And look we've said it before merrill's world-class firm with strong platform tech stack in brand respected more than most in the industry. The truth in the matter is. I think you'll agree with me louis. It wouldn't take much to get these advisers to stay put while they love a retention package. They don't expect one while they love the opportunity to monetize their business for three x by staying in place. They don't expect to do that while they love to have every one of their frustrations addressed. They don't really expect that to happen. It wouldn't take a lot. They just want to know that they're being heard. And that they're being taken seriously and that and being respected for owning their business at least made to feel as though they own their business and being given some of the freedom and controls they used to have the truth is this is all true of any large firm so at the end of the day. That's really not asking for much lewis. I wanna thank you again for joining me. This was a fun one to do that was thanks again and i thank you for listening. I encourage you to visit our website. Diamond dash consultants dot com and click on the tools and resources link for valuable content. You'll also find a link to subscribe for regular updates to the series and if you're not a recipient of our weekly email perspectives for advisors. Click on the articles linked to browse recent topics. These written pieces are an ideal way to stay informed about what's going on. In the wealth management space without expanding. The energy that full on exploration requires feel free to email. Or call me. If you have specific questions. I can be reached at nine seven three four seven six eight five seven eight or by email at am diamond. At diamond dash consultants dot com. Please note that all requests are handled with complete discretion and confidentiality and. Keep in mind that our services are available without cost to the adviser. Please see our website for more information and again if you enjoyed this episode feel free to share it with a colleague who might benefit from its content. And if you're listening on the apple podcast app. i'd be grateful if you gave the show a star rating and review. It will let other advisors know if it's a show worth their time to listen to. This is mindy diamond on independence..
"merrill" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"Year. Why would they mess with success. Yeah i mean most won't mess with success. There's a reason why we attrition. numbers are five or six percent and it's not fifty percent and in large part. it's because of inertia because advisors are crushing it it becomes much harder to justify the disruption and the risk of making a move but the advisers who kinda see the handwriting on the wall and they reach a point where these frustrations has become to unbearable. They also recognized that. There's an opportunity at another firm or another platform. That might be better than what they have. At merrill. so for instance. Someone may say i'm gonna take one step back over three steps. Foward sure it might disrupt growth. But i'm doing this for the next fifteen twenty years not doing this as a short term move. That's one type of person who made sites move now. Another one is that is when it reaches a point where we say. I just can't serve my clients best of my ability amount enjoying my time here and i'm not as efficient as it could be may reach the point where regardless of what's going on the business you're unhappy enough to go through the pain the hassle the move in lastly i would say there's always an excuse for why now's not the right time that's not just about changing firms it can be with any amount of change there's always a vacation a new client new prospects a hot opportunity so sometimes you just have to rip the band aid off and move forward with confidence because suddenly the pushes become too great and your pulled something that's better than what the current status yeah and i think as you're talking i'm thinking about what you know is my favorite book in the whole world. The stephen covey book the seven habits of highly effective people. In one of my favorite habits he talks about is making time to work on the business. Not in it. And that's what we're talking about. Is that while the in. The business is doing incredibly well and hitting on all cylinders. It's sexy intoxicating to stay put and continue to ride the wave but if you've taken her eye off the ball in sort of missing certain signs and signals. That's not good either. So the bottom line is we encourage all leaders of businesses to sort of pay attention to what's going on and just make sure that they're staying from a position of strength and.
"merrill" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"I think what's most interesting about it. Is that project. Thunder was revealed or launched as an olive branch. Almost as a paying testament to the amount of attrition and as a way of saying we hear you. And we want to make things better for you but i think what a lot of advisers are feeling or at least tell us is that it feels like a disconnect that meryl is sort of responding by making certain things better but not necessarily the right things are not necessarily the biggest things that impact them the most and forcing advisors or or strongly encouraging as many advisors as possible to sign onto c. t. p. is probably merrill strongest retention tool and therein. The problem so i wanna pivot for a second to some of the questions or the things that we're hearing from merrill advisors i'm gonna turn to you lewis and ask the first couple the first one we hear from a lot of merrill lifers advisors who've been with the firm for say thirty or forty years. They want desperately not to leave the firm. These people have that phone to the top. They've been merrill loyalists they bleed blue. They love their part of the thundering herd. They love the ball and they don't wanna leave. They yearn for the culture of yesteryear. So what of these folks is there any risk to put or what is the risk of staying put. Yeah so i mean. Of course there's risk to staying putt but that has to be balanced against the hassle pain in the risk of leaving. So i would say for advisors who still believe that merrill's the best firm for their clients and they're comfortable with the direction that the bank is taking the firm that there's less risk the risk of staying in signing onto c. t. p. or just kind of blindly putting your hands up and saying you know what if i were ten years older. Maybe i would move but now it's it's good enough. The big risk. I think is for the next generation. It's binding that team to the firm for many years to come and also for the clients. Usually advisors insulate their clients from a lot of the bureaucracy. And a lot of the things that we've talked about as far as concerns. They don't really face the client as much as much more On the advisory side but if an adviser soon begins to see that the firm is pushing them to act not in the best interest of clients whether it's from cross selling or its restrictions on portfolio management in more of a standardization or commoditisation of their process than that's a risk so i think the big risk is for those who aren't happy and no. It's not the right place but by default to stay because it's easy for those who really do think it's the right firm than i think it's great. They have c. T. p. in that they can stay at like to add one other thing too that so first of all let me just say. I agree with you completely. Even though we move people are living. We are never cavalier about suggesting that. It's easy to move or doesn't have risk implicit in it or isn't disruptive because it is all of those things but one very significant merrill advisor awhile ago said something to me that really stuck with me and this is an advisor that is certainly a life are a top of the food chain merrill adviser who would probably be the last adviser you would think would leave and at this moment has no intention of doing so but he actually said to me when i asked him he said you know i am keenly cognizant of the fact that i am one stupid mistake on the part of bank of america away from them blowing up my business and i've never monetize my business meaning. I've never moved and been paid to transition check to do so. And if the bank blows up the business and i lose the opportunity to monetize therein lies risk so. Let me ask you the next question. Lewis meryl has a world class platform. No doubt world-class human capital world class technology so when advisors watch many of their colleagues moved to other firms. They wonder how could the deliverables are service models at other firms possibly compare yes so knowledge that merrill from a platform and tack in just quality of leadership standpoint is best in class so most often when advisor leaves merrill. It's not because they think the firm is deficient in any of those ways. They're leaving for more control. They're leaving because they want more agency over their professional life and in many ways they're leaving because how they wanna serve clients and what is most appealing to them is just at odds with being an employee of a firm. So i'll give you a couple of ways that they can reconcile leaving the world class. Emeril i think one of the first way's is that platform in in many ways is a commodity most advisors ron relatively plain vanilla businesses and financial planning software and access to managers and alternatives can really be done anywhere. It's not that you have to be at merrill to do it. All if you look at something like banking lending while really enjoy having everything under one roof many in other channels at the industry they access those things differently. So it's in many ways it's the unbundling of the advice from the banking from from access that enables an advisor to shop the street and be able to have far more control over who they work with so advisors that are independent for instance are able to work on multiple custodian platforms have access even more alternative investments than they would at merrill because they can now access private deals in smaller opportunities and because now they're not captive to one platform. They're able to access things differently. It's still sometimes re education for the advisor in the client because sometimes not. Everything's under under one roof but the results is more choice. Which benefits and then. I'd say the last way that can reconcile moving away from the world class merrill is because even if maybe there's a small step back as far as the technology let's say at some of the regional firms. They believe they're really gonna make up for that loss and technology functionality. For much more control and ability to serve clients the best of their ability. So there's never such thing as perfection in a move. Nothing's ever hit on every single one of someone's high notes but if in whole the overall experience the culture in the ability for one to grow their business faster serve their clients better and to enjoy their career enjoy their day job than in whole that may make up for what could be a bit of a loss in technology functionality. Yeah i think that what that speaks to is the fact that a lifer or a top adviser who really wants to stay put has a lot of good reason to stay. Putt shouldn't feel pressured to run out the door. Keep a watchful eye. Keep an eye on. What you think is coming down the pike and be open minded about. What's possible but the messages you're not stuck. Because should you decide that you need to leave or want to leave. There is no question that there are many options and opportunities. That could certainly allow you to replicate what you have at merrill okay question. Three advisers are growing lewis at record rates especially this.
"Number. Six i'd say is what we're calling a lot of the media's calling the bank of vacation of merrill and i think this is one that advisors have the hardest time with you know the merrill volt was the very best firm there was an lifers will tell you that inveigh long for the culture that merrill once was an entrepreneurial family like culture. The bank of vacation is all about the ethos that bank of america has really superimposed upon the firm one that manages to the lowest common denominator. I would say this is probably one of the biggest driving forces of advisor movements particularly amongst lifer advisors and top of the food chain folks so let's switch to number seven which is a pretty important one the push to make senior advisors signed c. T. pay the absolutely so see. Teepee were meryl's retire in place program can be a really compelling option that rewards advisors for their life's work and it's inefficient way to transfer the business to next generation while it's really a positive for most senior advisors it can be contract to next generations best interests because there then locked in for a minimum of five years. Now sometimes the seven years from what we're hearing based upon the new c. p. agreement and advisory signs on has to be incredibly shared that not only merrill legacy for them but that they're comfortable with any all changes come down the pike because once in advisor signs on the c. T. pay especially the retiring adviser. It's near impossible to unwind from so one of the frustrations were seeing are that the firm is pushing more advisors to sign onto the program and by making the program in many ways more a one sided in favor of the retiring adviser and going against the next generation who oftentimes as far less leverage in a situation like this. It's pushing a lot of advisors to be locked up in many ways. Not really knowing what they sign up for and not really understanding.
"Which likely was one of the most commented on aspects of all but just the campaign address. What's really bugging advisors. Will these measures worked to halt the tide of attrition or to put it another way. Is it too little too late. Lewis and i are going to explore those questions and more in this episode. so let's get to it louis. Thanks once again for joining me. Yes of course excited for this one. It's a very important conversation. So with the announcement of project thunder. Andy sieg acknowledged the attrition. The firm has suffered over the last few years reportedly topping five percent in the second quarter before levelling off just under four percent in q three. Let's talk about the attrition in where merrill advisors are going absolutely so i think the proof is in the pudding as far as what the data shows anecdotally. We are seeing more merrill advisers. Leave the firm than at any point in recent memory and it's also the sizing caliber of these teams. It's oftentimes the lifers and the culture carriers the folks that people are really surprised when they do move so i think that's even more important than the number of advisors. It's what the advisers leaving in where those advisors were going. We've talked about this many times in this podcast in articles rewrite it's really fractured instead of sharing the specific firms. That were seen advisors goto out breakdown where we're seeing types of advisors go based upon the type of firm and what it represents so to me. There's three camps of advisors who leaves and kind of what they're thinking about leaving and it's very much colored by their experience of merrill in one bucket. You have advisers who say. I'll never work at a bank any firm. That has any sort of bank insulin's being so beaten down by what's happened at merrill that they're coloring all banks with the same. Want another persona. Adviser is someone who likes the all under one roof the very comprehensive nature that merrill offers but they want to get back to kind of the merrill volt meeting a firm that is more of a wealth manager than a bank but still has all the capabilities under one roof. That would be companies. Like a morgan stanley. Even rockefeller where their wealth managers the core business but they can serve clients in many different ways. And then finally you have the very entrepreneurial advisers who just wanna go independent They want much more control than they've had and instead of going to another firm and being worried about some of the same issues cropping backup. They say let's take full control over our business and let's never have issues with cross selling or bank pressures ever again. So let's talk a bit about what's driving advisors away from the firm. And what are the advisers issues. I'll take think six or seven different reasons here. I'll take the first three. And then i'll pass it back over to you for the next couple so i one this is one. We hear very often is related to compensation it was the two thousand nineteen announcement. That merrill would begin withholding the first three percent of advisors monthly revenue in. This was meant to keep up with some of the increasing cost of maintaining the platform. No advisor likes changing compensation and this one was one that was aimed at every advisor regardless of whether they're growing whether they're small whether they're large they're working international clients or domestic. So that's definitely one that continues to resonate with advisers second one also related to compensation was the introduction of the growth read in two thousand eighteen and that was the reduction or potential increase in grad for advisers if they add three new households and add customer assets by two and a half percent. The reason advisers didn't like this was because this was true. Karen stick approach. This said advisors. We kind of know what's best for your business and regardless of whether you run a very boutique. Ultra high net worth focused practice where adding three households a lot or. Maybe you're just Urine costa mode and aren't looking to add clients. They're saying we're going to change your compensation if you don't add new households so as a way for the bank to tell advisers how to run their practice which really frustrated many the third one hit on is the continued push to cross sell bank of america products advisors. Don't like selling anything. It runs counter to the notion that advisors notes best for their clients and most merrill advisors they like having the banking capabilities it enables them to serve clients in both sides the balance sheet and be a via clients. One stop shop for financial advice but when it becomes more pushed and it's becomes an expectation that they refer business over the bank in that see as have to open up checking accounts and they have to sell elmes that becomes something that is at odds with the way many advisors think they should run their business. So i'll turn it over to you to pin on the next couple. Yeah thinking is. I'm listening to you. Talk about those in those conversations. We have advisers every day. It really comes down to this battle for control that advisors increasingly feel that they are losing. But let me share. Some of the other frustrations the next is ever increasing bureaucracy. Which is really serving to undermine efficiencies even if you stick with the theme of loss of control renault shen that advisors are being asked to attend meetings or appeared to certain men rates at. Don't necessarily serve them faster. They don't necessarily feel as in the best. Interest of clients can be frustrating and class. They worry that these additional bureaucracies which often impact the support staff more than anyone will frustrate them and they are. The people that support staff is really tasked for delivering an exquisite or an exceptional client experience so frustrating. The next one is the notion that the bank owns the clients. So listen to be sure in any w to model with the exception of raymond. James as a notable exception the firm owns the client but in many cases even though when push comes to shove or contractually. The firm owns the client in many cases. It doesn't feel that way. Firms give the advisers the agency or the latitude to really serve clients. The way they want to it does not feel that way. At merrill lynch merrill makes clear that the bank owns the client and therefore the bank owns the adviser.
Williams throws 6 TD passes, No. 4 Oklahoma routs Texas Tech
"Caleb Williams threw for four hundred two yards and six touchdowns for number four Oklahoma in a fifty two twenty one pounding of Texas tech Williams passed for two hundred sixty eight yards and four TDS to four different receivers in the first half Marvin mims caught four passes for one hundred thirty five yards and two touchdowns and Merrill Williams had five receptions for one hundred yards and a score Oklahoma held Texas tech to three hundred seventy three yards of total offense and forced three turnovers head coach Lincoln Riley was pleased you complete performance all around offense defense special teams are huge contributions from everybody they're really love the week of preparation then I don't know Sooners extended the nation's longest current winning streak to seventeen games on the ferry
"Yeah good point so some people ask questions. We'll have i know you sell to remain merrill lynch right or wells. Fargo with ever. Well first of all if we did that. I every financial advisor equipment. I wouldn't quit. And i know wound robert with so that'll never have. That's not a possibility. I think that having a financial backer also presents opportunity and that is we don't know what it. How would it play out. But it seems the natural next step would be for another organization bear similar to astonish. You would come in and take their place you know. I don't who that would be one of the larger players and provide more capital and keep going so that will provide liquidity event for our advisers. Probably not for management but advisors for sure and that would lead to inspect yet a second liquidity event. And maybe even a third so. I think there's positive stabbing that and there's positives being extraordinarily well capitalized which we are and obviously in the beginning. Were not making money. Now we're very very profitable. Where a really good spot right now. So i i know it's a concern was conservative ours but i think the benefits clearly outweigh any negatives and lasts sad. You say that because our advisers own such sizable portion of the company that they really have the ability. They're happy at all with whatever direction that we're going they always have the ability to leave or vote against it and so that gives us a lot of confidence. Correct decision will be made at the appropriate time. Yeah and the reality is not every advisor can get comfortable with that. And that's okay. It's not the right model for them. But i think that comment's not advisors or partners. Have a strong voice in the firm and would vote with their feet in a big way. If the wrong partner came in. I think is a pretty powerful statement. Let me ask you a question. You mentioned your esteemed competitors who are your major competitors and what do you think is snowden biggest differentiator front..
"It once was a firm with a strong focus on advisers and their clients not one that had greater emphasis on product pia now. It was a widespread cultural shift that was being imposed by the bank. Such as increasing minimum account sizes cross selling products and diminishing control that advisors had that he and other fellow merrill leaders including lilama who ran all of merrill lynch wealth management could no longer stand behind yet. Greg shares that shift in culture was not limited to maryland bank of america but one that was being influenced by all of the big banks on the street at the time even after leaving merrill vetting other opportunities from top firms greg felt they were all very much the same and a call to his wife. He shared that he was never going back instead. And investment in a firm started by the former business risk officer from merrill rob mooney demonstrated how there was far greater potential and a business that he and lyle all wanted in on and in two thousand twelve. that business became. What is snowden lane partners. Today greg talks about his role in the independent firm that focuses on advisers who manage high net worth clients and how that firm fills a gap in an ever changing landscape. He's shares what makes snowden lane different from other firms in the boutique space and how the experience he and partners had at merrill defines what snowden lane is today. so let's get to it greg..
NL East-leading Braves overcome Duvall's lost HR in victory
"Austin Riley Ozzie Albies and Freddie Freeman homered as the Braves ripped the Diamondbacks ninety two keeping their three game lead over the Phillies atop the NL east Adam duvall also hit one over the wall but he was called out for passing Riley between first and second the base running blunder occurred in the Braves three run first against Merrill Kelly Abby's became the third brave with at least thirty home runs joining Riley in Freeman the feels amazing and means a lot all my hard work typing off now and great I do it for the team so we can have as many Ross's glory to win game so I'm happy with it Ian Anderson pitched two hit ball over six plus innings of Atlanta's fourth consecutive win I'm Dave Ferrie
Melvin Van Peebles, godfather of Black cinema, dies at 89
"A pioneering filmmaker who helped launch the blaxploitation Aaron movies is died some call Melvin van Peebles the godfather of modern black cinema and not just because he ushered in movies like shaft and Superfly his son Merrill says his dad knew that black images matter if a single black image is worth a thousand words how much more what a whole movie about blacks be worth novem people's answer that question when he released sweet Sweetback's badass song which he wrote produced directed starred in and scored in this two thousand and four interview he said that it did not only inspire black filmmakers you have women directing films in the one even begin to think about you have Latinos you have Asian you have blacks you have disenfranchised across the board being able to do things that made possible made on a budget of about a half billion dollars sweet sweet back or in fourteen million at the box office despite being an X. rated having limited distribution and few positive reviews by critics I'm Oscar wells Gabriel
What 9/11 Did to One Family
"Is one the thousands of people who lost someone. They love on september eleventh. Two thousand one twenty years ago now. Big brother bobby. Mcilvaine died that day in new york city at the age of twenty six. He was like reaching out insane. I want to show you my office and was specifically onto the because it was the last time i saw. He told this story to atlantic staff writer jennifer senior. Who wrote about the mcilveen for the atlantic magazine. How did this story come into your life. Well i mean the most obvious way it came into my life is that i knew bobby mcilvaine. He was my brother's roommate in college. He was my brother's roommate in new york city. When they were young then starting out. I would visit my brother at princeton. Bobby would be there and he would. Just be ridiculously precocious charming. He wanted to be a writer. But one of the things that bob learned early in his life in publishing is that a lot of people in publishing came from upper middle class families. They had cushions of money beneath their toes. And bobby's family didn't have that kind of money and bobby knew. He wanted to make a living and so he went into corporate. Pr after two years of being in book publishing. And that's how bobby ended up working for merrill lynch and going to work conference on one of the top floors of the north building of the world trade center on the morning of september eleventh. I went down had coffee and was going over my work like many americans on that morning. Bobby's mom. Helen was starting workday as a teacher and they had the tv set on in every classroom. And i my knees buckled and light. I had to be helped. Bobby's dad bob senior. Also a teacher at the time was also at work. It was on tv. I call home. Of course i try to bobby. We get colon now. The phone was ringing. No one could reach bobby. His parents is friends his girlfriend or his brother. Jeff
"merrill" Discussed on KGO 810
"Merrill filling in for John Rothman on King G. 08 10 the question What is your biggest concern? If Gavin Newsom is recalled, if you're voting to keep the avenues and what is your biggest concern? If he's recalled 80 88 10 is our number. 80 88 10. Let's go to Scotts Valley. That's where joy is Joy Let you have the first word in this segment. Go ahead, Joy. Hi. First of all, I'm glad to hear you filling in Well, thank you. I appreciate that. Yeah, I like you. I like you a lot. Um, your nice. My biggest concern is Dianne Feinstein. Oh, okay. If They recall. Governor Newsom and Dianne Feinstein has a problem and she can't feel you know she can't stay in office during this interim two year period. I guess that is that how long it would be That any Republican would replace her with another Republican, and we'd lose a Senate. Yeah, You're right. That's a great one Huge concern of mine, and I really wish she would resign now, while Newsom is still in office, so he for sure so he can replace their with a Democrat. Mhm. Yeah, I don't know. What's her? What's her? I know she's older, right? But what's her health? Is she? It's not been done lately. She's like in her eighties, and she's made some really dumb mistakes. And I've never really liked her anyway. I mean, she's a corporate Democrat, but but she, you know, HUD. What does Lindsey Graham? Yeah, for his good job that he did, um, on that sweet Senate commission thing, and it was just outraged, Felt God right? It felt like I was really weird. Boy joy That is a really great point. I mean that That means that there are implications nationwide. And if let's say that that Newsom has recalled, Uh, once we get the results, inner official and whatnot. He has to move out right then, right? I mean, he has to get out of the mansion at that point. Or the bat cave as it were, if, um and then should something happen to Diane Feinstein before the next inauguration of a governor, which so whomever is replacing Newsome would then replacement for Year in M 2.5 months, basically, right, so yeah, that does leave a window. That's a really great point. Joy. I hadn't even considered that. Thank you so much for that call. Wow. Good, good call on that good call. Uh, Santa Rosa Todd. Welcome to show Todd. Called Joy made a really good point. And I think a conversation for another day would be whether George W. Bush Jim DUP angry language before he invaded Iraq, but Why the question at hand is, I think the biggest problem with recalling Governor Newsom is that whoever wins whatever policy whichever party were being were being governed by somebody who's going to have 28, or 29% of vote total. And and even if even if Newsome were the, uh, chief of 48, or 49% number and lose that still almost double The actual number of vote tally of the of the person who is going to be running the show. And that seems to be an assault on democracy. Period. It is it is, It is an inequitable system that we have for a recall, and I agree with you 100%. There's nothing we can do about it at this moment. But this is something that I think the California Legislature has to explore a set. They have to. You know why we have the election recall the way it is right now is actually because of the railroad robber barons. Of the 19th century. They were basically buying candidates and getting them installed. So California So what? We have to make it easier to recall these, You know these stooges, and so they made the recall threshold as low as it is. And now it's kind of come back the other way where.
The Satanic Temple Challenges New Texas Abortion Law Citing Religious Freedom
"See that one of the big one of the big challenges to the texas abortion laws. Coming from the panic temple. They're saying that The texas abortion law violates their religious rights and their lobbying the state for an exemption to the law under their own religious freedom law the texas religious freedom restoration act. The group said that if the state declines to provide the exemptions going to seek judicial relief. I don't know exactly how The the abortion violates the religious beliefs. they say That their beliefs should conform to one's best scientific understanding of the world. One should take care never to start scientific facts to fit one's beliefs and that is the foundation of that and that Somebody's body is subject. To one's own will alone seems almost redundant but it's not their own will alone so they're claiming that this That this law is a violation of their religious
Texas Abortion Ban Backlash Is Distraction From Other Issues: Cassidy
"This new law goes into affecting texas. Went into effect last week on wednesday and it's still guarding garnering. A great deal of attention. One of the funniest things i saw was the accusation that the texas law was nothing more. Hardly say this face. The texas abortion law was merely a distraction so we would stop paying attention to the dreadful the execution of the withdrawal out of afghanistan. That is an awesome conspiracy theory. Yeah that's joe. Biden introduced the the the texas fetal heartbeat law to the texas legislature to go into effect on september first knowing that he was going to screw up the withdrawal from afghanistan and he needed a distraction. So he was going to do. Some is who. I love people.
Unemployment Benefits Expire for Millions Without Pushback From Biden
"Biggish that the unemployment benefits expiring. It's huge deal. Huge deal For many the unemployment benefits were a lifeline For some the unemployment benefits were a cushion and they were nice to have. They just liked it. Seven million people across the united states are going to lose their unemployment benefits today. Starting this is the the three hundred dollars a week. The federal benefits all part of the stimulus packages that were passed last year and early this year to get us through the pandemic without economic collapse.
"merrill" Discussed on Skeptiko - Science at the Tipping Point
"No very last breath as their spirit left their body and they grew cold. No i've been with about seventy people. The first one was my mother. She was jewish. We were not religious. We were secular. We were wealthy we were. My grandfather was very invested in the creation of the state of israel zionist. The salvation of the nation was having one's own country not in madagascar or somewhere in russia or off on the side but back in the holy land repossessed the holy land. That was his view. My mother had no religious training. She did not raise me. And my father is a gentile. My mother is a jew and and she got cancer and from my age. Eleven to age fifteen. I watched this vibrant intelligent educated. Very socially astute young woman who had five children of which i was the second become a skeleton parts of her were carved off thrown in the trash cancer throughout her body were ashkenazi jews with the bracket to failure and and i sat in the hospital room. My father was alcoholic drink and he worked on the space program. He's a smart guy by the drank. All the time and my older brother had run away because he didn't want to deal with the stress so he's gone and i left me as the functionally oldest one in my family is as i was sitting in that room no premeditated and no sunday school. No adam and eve stories. No nothing nothing. I had the sense. Somebody got up and walked out of the room is not repeatable. It's not scientific. But no matter what you say i know i was in that room and something happened. Something left the room who who left the room. I was there with my mother as she was dying and her soul left. The room is i have no. I don't know what happened. Let me finish the story. So i went out and got a nurse and i said something just happened. She came running in for code blue blah. My mother's on all the machines that kept her heart going her you know. She had cancer riddled throughout her body. She was about seventy five or eighty pounds. I had washed her body..
"merrill" Discussed on Skeptiko - Science at the Tipping Point
"Know what's right and wrong. There isn't this relativism. There isn't this. Oh there are no good and bad emotions. Of course. there's good and bad emotions. That's the whole idea of choosing right versus wrong. We should be on the same page. But we're not and that's the problem. And that's what little mas x. Brings into focus. No that's not good little nausea six. It's not okay and to idolize satanic do without wilt Just feed yourself feed your ego. Those are not good emotions. It's just not good for your soul. Welcome to skeptical. Where we explore. cut for. You'll science and spirituality with leading researchers thinkers and their critics. I'm your host. Alex occurs and today we welcome mike merrill to skeptical which could be as we were just kind of alluding to could be a very very interesting chat. Mike is Very distinguished trainer speaker and author of. Why do people act that way. And what can i do about it. A very kind of interesting book. That has a lot of. I think we'll might lead to some skeptical topics even though kind of indirectly and then Mike is also a pastor at parma christian. Fellow chip church where he lives in upstate. New york again mike. Is you know this guy. Kinda multifaceted very plugged into the corporate world with his training and stuff like that but balanced with this christian fellowship. Church pastor that he is so of course with that background he would be the perfect guide. Talk about little now. Zack's tweaking on satan. The video that i sent him and like i said this could be kind of an interesting ride. We we kinda got connected through mark palmer from my family. Thinks i'm crazy podcast. And i'm really grateful for mike agreeing to join me on a kind of merging. My journey in a way with some of the stuff. He's been doing. So mike welcomed a skeptic. Oh thanks so much for coming on glad to do it. This sounds like a lot of fun. Okay so servicing myself a little bit so i can be looking right at you instead of off to the side there we go. I'm going to be looking off to the side all the time so so people are going to be curious right from the beginning why that very great title. They're great hook. Why do people act that way. And what can i do about it. Give us the thumbnail sketch. I started out counseling with a psychology. Orientation clinical approach which basically puts people in a box. Once you figure out what symptoms. Are you solve the box. You try and make sure that you know What their what their problem is. And then you solve their problem because they fit in the box..
Joe Biden Has Always Sold Himself Out to the Highest Bidder
"I've said for quite a while. That joe biden is being puppeteer d- and is quite honestly being controlled by the chinese communist party. We know that hunter biden did extensive business dealings with the chinese communist party. We know that. Tony bob ski came out and said that there was ten percent for the big man who put aside and dealings with a chinese communist party. We know that hunter biden is selling garbage pieces of art for hundreds of thousands of dollars. I believe that merrill might be a black male operation against joe biden. Very well might be that. Joe biden is being controlled and is being is being blackmailed for behalf of the chinese communist party and a taiwan moment is coming everybody. I'm telling we have predicted this for a couple months. There is going to be a moment of reckoning. With taiwan will joe biden inside with taiwan and america or with the chinese communist party. His owners his employees his employer. Who has they've invested in him for quite a while you're trying to say is all of a sudden going to back down. I don't know about that. I joe biden has always sold themselves out to the highest bidder.
Do Democrats Just Not Care About America?
"Do democrats care about americans. Is that what it really comes. Down to two democrats just care by getting reelected and somehow getting woke mob to keep putting them empowers pandering by the democrats and look merrill lightfoot in chicago and the way that disrespected. The memory of office of french was brutally murdered in the city of chicago. Chicago police officer was murdered. For whom an honor guard was not allowed to be held by mayor lightfoot. even though she'll out hundreds of thousands allow palooza just a few weeks ago. Do the democrats question. Do the democrats not love. America look you look at what's going on at the border and it's not like this surprise. The same thing happened during obama. He went back to policies away from policies that were working to protect america's to policies that he knew would help the cartels and that would cause cry. That people would die that more people would die. Owed drugs from the cartels. And yes i'd have to say. He has the mother higher purpose than taking care of the american people but he doesn't care about their wealth and their and their safety.
Giants Score 4 in 9th to Tie, Beat Diamondbacks 5-4 in 10
"The giants erased a four nothing deficit in the ninth inning before Kris Bryant doubled in the winning run in the tenth giving them a five for triumph over the Diamondbacks after managing just three hits and no runs against Arizona starter Merrill Kelly over eight innings the giants had five hits in the ninth Brian also started that rally with a double Lamont Wade's two run single tied it for San Francisco which leads the NL west by four games over the Dodgers Tyler Rogers pitched a scoreless ninth for the victory Jake McGee got the last three outs for his twenty fourth save as the giants bullpen worked six hitless innings I'm Dave Ferrie
"merrill" Discussed on Five four two and the Blue
"Men voted in favor of calling for a convention and to succeed from the union yet. Five hundred thirty two voted against the idea and then again once more the election results were tossed out and when the convention was held. Madison county's representative to the for secession was represented by dr. Joseph a mcdowell and dr mcdowell voted to secede from the union now dr mcdowell was actually from asheville north carolina and he was the owner of the warm springs hotel whose foundation still stands in hot springs north carolina and the good doctor was also a backer of sheriff merrill at that time as i said one hundred sixty one years ago the citizens of madison county they met in marshall county seat to select delegates to the state convention to make the decision on whether they would basically be for the north or before the south during the american civil war as is usually the case on election day. Not only in the united states. But i'm sure in other parts of the world bars were left open to help citizens fortify themselves to celebrate or lament. The party's future now growing up in madison county myself. I was told several times that madison county was dry county in other words. No alcohol sales because of this incident that were. I'm about to talk to you about. And that was the reason. Why mount madison county tri county. Now i don't know about dry. You might dam up the creek a bit but still. You can't keep a man from digging a well or catching rainwater figure that symbolism victoria. You're at it but why bother sometimes scott. You're just a strange person who says strange things. Okay then anyway. Sheriff merrill had been making the rounds about town and by early afternoon. He was quite. It's session is 'cause not to mention being quite schnookered. Apparently sheriff merrill celebrated with his secessionist friends who were very quick to offer a little brown jug were bottle and the voters weren't at a loss for quickly obtaining a little bit of drank if they so desired again including our share of merrill now also in the crowd. That day was a gentleman by the name of neely tweed i. Mr tweed was the first elected clerk of superior court. In madison county was adjusted the piece as well as a postmaster not to mention being a schoolteacher and he was a unionist he was for keeping the union together and he was also the father of eleven children and at least one of those children was led him at the voting polls. You got a net these guys world talking about sure did a lotta begat and when it comes to kids and family sheriff. Merle was unable to continue excitement and stationed himself in the center of town where he hollered out wrath for jefferson davis in the confederacy now. The crowd standing near the polling place Several individuals yelled out an answer and very equally passionate cry her raw for washington and the union now not to be undone as is many a man with too much to drink. The sheriff pulled his pistol out and walked over towards the group of men where neely tweet happened to be. Nearly tweed backed away as well did other people when you have an intoxicated man with a pistol. You generally want to give him as much room as you can. But another gentleman who apparently was quite boulder or possibly isn't talk skated the sheriff was. I don't know he approached the sheriff. Now the sheriff noticed the gun but beneath The weapons shoved in his waistband. Sheriff asked him why he had brought his gun to the polling place and he wasn't satisfied with the answer that he got so he swung as pistol around and pointed at some other individuals in the crowd and said that the sheriff saw another man armed as well in the crowd and pulling his weapon out or up the sheriff his gun to fire in the man jumped behind the crowd and unfortunately the bullet struck nearly tweet sun passing through his arm in lodging in his ribcage. Now that was the point. The mood of the crowd suddenly became very ugly. Sheriff may have been intoxicated but he was still aware of his surroundings and the fact that standing on the street he was outnumbered by some people that weren't very happy with him. Iran to a nearby close friend's house for safety of course being pursued by the unionist men that were in the town square followed as he entered the house. Homeowner seeing what was going on both of the door behind the sheriff. And the sheriff ran upstairs now in another moment of brilliance. The sheriff opened up the upstairs window. That looked out over the street and shouted out. Come up here all you black republicans and take a shot about with me. Well in his answer to the statement from the sheriff ille- tweet fired a gun at he had received from another in the crowd and apparently weighing wounded. Sheriff merrill the town constable somebody notified him and he rushed to the scene. Arriving on the scene he took stock of where the sheriff was and talked to other people and immediately rushed to the house where the sheriff was at. He was leading by the homeowner in rushed upstairs to the bedroom where the sheriff's will has to take him into custody. Get him out. Find out what was going on. It's kind of a known what his position in the matter. Was that time. The open door though allowed. Some of the crowd into advanced into the house apparently unaware that tweet was behind him. When the constable opened the bedroom door neely had on direct line of sight on the sheriff and fired before the sheriff could fire at him and killed the sheriff. It was at this point as the old saying goes all hell broke loose in the town marshal. Nearly tweet was able to escape by going to kentucky. And he mustered up as a union private in the fourth regiment tennessee infantry company d. and where he joined to the union army unfortunately while still in basic training or what minimal training they had before they sent them up to the front of fight he developed fever and he never was able to return madison county during a civil war services claim by his family that he predicted his own death on a certain day at noon and sure enough. He sat down on that day. April twenty first eighteen sixty one in died from the fever at camp gerber in flat lick kentucky and he was buried in an unmarked grave by his son. Who was the same son that was shot by the sheriff that day one hundred sixty years ago now. Ransom p murrah was the first person in madison county to be killed because of the civil war. Many madison county citizens died in that war from both sides county. Put out a reward for the capture and arrest of of tweet but it was never collected. Tweets brother was ambushed by the home guard and tortured trying to obtain information about where.
Tokenisation of Assets and Potential Implications for Financial Markets
"Iota. Welcome to injure blogs. Could you please give our listeners. A quick introduction on yourself. Hey thank you very much for the invited. Sa- great pleasure to be here today and to participate to the ensure block series of discussions. I do hope today's is an interesting one and then informative one for your listeners. And let me just also mentioned that i i personally admire your rebalance airs project and i find it an extremely worthwhile and timely project so kudos for that in terms of my personal background. I've started my career as an investment banker. in london. i worked for the desk of merrill lynch for my analyst years and citigroup for my associate years and then i switched to the policy space and joined the oecd where spent the past almost nine years now working for the committee on financial markets Over the past couple of years of the committee has set up a working level group on an informal setting. it's the expert group on financial digitalization and comprises representatives of central banks finance ministries treasuries and other financial authorities or varsity eight always de members. And this group looks into fintech related matters in financial markets and their policy implications including the area of blockchain in finance. So this is a bit of my background and let me just also give the usual disclaimer. That's of i express here. Today are my own views.
From Legendary Investor to Entrepreneur With Andy Rachleff
"Andy say what's up to fire nation and share something that you believe about becoming success fall that most people disagree with. I think you learn more from success than you do from failure professionally. I think you learn more from fail your personally fire nation. I've told you all about andy in the introduction. It's the bullet points. We're gonna be talking about today. How andy wet from legendary investor to an entrepreneur so i want to talk about benchmark capital and well front to start because anti are two very very different businesses. So what does fired you first and foremost to creep benchmark and then eventually become an entrepreneur. Yourself i was one of five people who co-founded benchmark so it wasn't is who did it. It was a group of us. The inspiration for doing it was my previous venture capital firm which was one of the top five firms. Called merrill pickard anderson r- was going through a generational transition. Two of the partners were retiring. Which left the remaining three of us to decide. Did we want to take the franchise forward or did we want to become free agents and do something different at the same time another one of the top five inch your capital firms was going through this same sort of generational transition where the founding partner wanted to retire in that firm's name was tvi partner. Bob came from tv. I bruce dunleavy and i came from merrill pickard. Kevin harvey was an entrepreneur that we had backed at merrill pickard and so what united the four of us. There was a fifth person but he didn't last very long but what united. The four of us was a desire to build the best firm in the business. We didn't believe that we could do that with our previous franchises. Even though both we're probably in the top five in the business we thought we needed to do something radically different in order to rise to the top and so Given that each of merrill pickard and tv. I had decided not to raise a new fund just to wind down their operations that allowed us to become free agents to start something new
"merrill" Discussed on How I Built This
"Guy roz on the show. Today to avid gamers fended off reluctant. Investors may saying experts and their own self doubt to build riot games an order the most successful video games ever created league of legends in two thousand six. A video game company called bethesda. software works. Tried out an experiment at the time. But as the had a popular video game called oblivion in that year it decided to offer its users an extra feature horse armor not armor virtual armor that you could use in the game and bethesda offered it up for two dollars fifty cents. It was an incredibly controversial decision and most players reacted badly. They didn't like it but enough gamers decided to try it out and bought the armor and it proved a theory that company had that you could create an entire revenue stream through what became known as microtransactions. Still almost no game developers chose to pursue this business bottle that same year. Two friends brandon beck and mark merrill pitched an idea to investors. They wanted to build free video games but offer up things like in game currency and weapons and characters and skill points. I price brandon and mark believed that if the game was good enough players would happily spend a few dollars each week to buy virtual products that might enhance the gaming experience not surprisingly most investors. Turn them down and thought it was a crazy idea. The question mark and brandon getting was. Who's gonna spend money on virtual things things that have no value in the real world and these were fair questions. And it's why it was so hard from arkan brandon to get right games up and running but the game they eventually built league of legends became one of the most popular video games of all time and a game that helped to pioneer the business model now known as the free to play model this year the global video game industry will hit more than a hundred and sixty billion dollars in revenue. That makes it four times bigger than the global film and tv industry and three times bigger than all the music sold around the world and twenty twenty. according to forbes video games will earn more than three hundred billion dollars by twenty twenty five and a growing percentage of that revenue comes from gamers who spend small amounts of money buying skins or costumes for their virtual characters or buying access to locked rooms and imaginary worlds huge gaming tournaments attract millions of viewers with players. Earning millions of dollars a year. It's a massive business and a big part of it has to do with the model that brandon marks company riot games helped. Pioneer and brandon both grew up in southern california. They met as teenagers at a summer leadership camp shortly before college. Here's how marc remembers it. I remember meeting brandon and mike. Oh you're from los angeles awesome it like video games. What's up in so we just kinda instantly hit it off. And then as i got to know him i also just really thought he had a infectious personality at that. It really interesting. Way of looking at the world that was sort of commentary from values perspective to mind in the edge just this incredibly entrepreneurial kind of business oriented mind. That kind of inspired me where i'm like. Wow i've never seen i've never encountered a person that's also younger me that felt so vibrant and dynamic and it's interesting way and so because of the shared love of games so they could hop on the modem play starcraft warcraft two or or duke nukem three d or if i mean we could go on and on about the titles that we all knew and connected about. Yeah so you meet this like leadership program and then you both go back to l. a. And and you you stay in touch or or did you kind of lose touch. Yeah i mean we. We stayed in touch and we call each other every once in a while we. We'd play some games. I remember one of those phone calls. Mark told me a really to see the matrix. What does that. he's like. You'll see ended up blowing my mind. My favorite movie of all time and mark. You headed to usc to start college and brandon did that. I know eventually you would also go to. Usc was was the fact that mark was there to that. Influence your decision to go. There was just just happened to be the place where you decide to go. It was a total coincidence. But it certainly made me more excited about it. I even visited mark when he was at school and hung out within the dorms. Where he he had a bunch of gaming buddies and they would they play games together. And i wasn't a very good student i had. Adhd in a variety of learning differences in wasn't pretty tough competitive school environment. And and i. And i just. I was not the kind of student i was sort of supposed to be. But in the meantime i'm living in this world online. I wanted to spend every minute in my spare time. I would build scripts that would play my character for me wall. I had to be a school. So i would continue to make progress. Well that's pretty impressive. But i mean you did despite your struggles you did end up getting into usc and mark is already there and presumably like you guys. What like start to hang out. And i guess you already have like a friend at college and you get there. Yeah mark would take me under his wing bit and you know introduced me to his friends and show me around. So yeah it was. It was really great showing up and no one mark mark when you guys were in college did. Did you think you know what. I'm gonna start a business with this guy one day or was it just like fun. Conversations would have about. Hey you know maybe one day we should do this or that. Yeah no we we did. But it was sort of accidental. In some ways you know brandon. And i because of our shared passion games and then also our mutual interest in business we would strategize brainstorm or think about opportunities and and this is one of the reasons that i was attracted to brands because he was sort of the most entrepreneurial business minded friend that i had like brandon random music station at sc. You'd be thinking about events or got so we were playing games and we both loved online games and so we loved to like watch replays of really competitive players playing online and try to help inform how we could get better than that started us thinking about well. Maybe we could help. Create or run some gaming tournaments. Maybe we could do some stuff like that surround campus and actually. Maybe there's a opportunity create a league that we were going to call the g. l. ultimate gaming league so brandon. I went down to the basement. Alevi library late one night. We started working on this rough business plan. Neither of us really knew how to build a business plans. We're trying to figure out what that looked. Like what the but on paper and all this and we can never really went anywhere that business but nonetheless <hes>. I just remember being really energized about the possibilities of the future and and again. That's that's something that an grant and really helped awaken. Was this ability to look at not the way the world is currently but the way that it could be and how we could potentially go help change
"Merrill lynch did a pretty good job being an as an open architecture platform as you could be and then the bank started to reverse that course and they were shifting and we were reducing the number of fun families that we could work with and reducing the number of access to managers that we had access to and so clients. We kept it as comfortable as we could for clients but i do think they noticed it and then you just knew that the industry was changing too and so again being forward looking rather than feeling like. You're an entrepreneur within a corporation. We decided we wanted to truly be an entrepreneur and controlling. Your culture is a big thing. It's a big thing from the client. Perspective and then author from an employee satisfaction respect. Yeah it's sort of goes along with what we say to advisors we counsel all the time that a moves about pushes and pulse that nobody would be open to considering a move anywhere. If there weren't certain frustrations that were bothering them. Those are the pushes and that if they weren't equally if not greater excited by what was pulling them elsewhere and it sounds like that really was it for you that there were limitations that you're noticing where you were that began to make you feel like you were limited in the way you could serve clients best and then as you looked out and realized sort of what you wanted for your cells in the business and your clients you realize that. Perhaps there could be something better. No question let you one other question about that. Most advisers they practice in the wirehouse and again not just merrill any major firm feel that it's open architecture enough that unless they're working with the most ultra high net worth client who needs something really esoteric or really specialized for the most part. Even though the number of fun families are managers might be shrinking. It still more than good enough did not find that so you can always find a solution right. It may not be the best solution but you can always find a solution but if you're really trying to accomplish best for your clients having the access does make a difference..
"merrill" Discussed on WNYC 93.9 FM
"Up to a 20 minute delays on the New Jersey Transit rail service in and out of Penn Station, New York, That is due to a smoke condition. Taking a look at our weather today. 32 degrees now in New York City, were expecting Sunshine For the most part today, a few clouds high around 40 this afternoon. It's going to be breezy as well. We're looking at Windshield Valley was between 25 30 degrees during the day today, tonight it will be mostly clear. We'll have a low of 29 degrees in New York City, and then tomorrow Mostly sunny, and it's starting to get a bit warmer high of 48. Support for NPR comes from Merrill Merrill got it. Investing helps manage a client's portfolio. Merrill edge dot com slash investing goals. Marilyn Pierce, Fenner and Smith incorporated both the registered broker dealer and investment advisor. More than eight months since the pandemic start with covert 19 out of control across much of the country. Medical professionals are facing burnout will hear their stories and what they say they need now, plus worsening violence in Ethiopia since thousands of people fleeing as a humanitarian crisis unfolds. I'm tansy No Vega, and that's next time on the takeaway weekday afternoons at three on 93.9 FM. It's morning edition from NPR News. I'm Steve Inskeep, and I'm Rachel Martin. Covert 19 cases are spiking all over the country. New infections have surpassed 100,000 every day for almost two weeks straight. School district's that were doing in person learning in some way are now making plans to go virtual again. That means tens of millions of kids are learning remotely. They're sitting at kitchen counters,.
"merrill" Discussed on Game Theory Podcast
"Every day features a new show covering everything from insider news to cultural issues, too deep dives into. Analytics it's produced by J toys. Just one of my favorite people on this planet. He's so good at creating products for podcasting that really work so before things tip off later this month. Make sure you subscribe to the athletics, NBA show available now wherever you get your podcasts now. Let's get the Sam Merrill. All Right? We're here with Sam Merrill Sam as I said at the top is one of the guys that I think has gotten a chance to help himself as much as anyone. Throughout this weird truncated pre-draft process, and it's in part because he got a chance to play in the mountain west, tournament where he won his second straight mountain. West Tournament Mvp, he's also been someone that has really stood out in the interview process for team, so I wanted to. To get him on the podcast and just kind of talk about that process talk about his game and talk about a lot of different factors, so sam welcome to the show. How's it going? You're down in bountiful Utah Right now. Yep, it's gone well like I said it's A. It's been quite the time for for everyone. Every everybody's had to adapt to the different styles in what's going on, but I hope. I've been able to make the most of it. Yeah so, I think it. You know throughout the season I. Don't know how much you pay attention to pre-draft boards, and where you rank in terms of potential MBA prospects. You obviously knew that you were going to end up trying to turn professional at the end of this year. Only because you're a senior, but. You're someone that was like kind of near the tail. End of top one hundred you know throughout the process and is I've talked to teams is other people will talk team. Certainly I'm not the only one that his kind of moved you up throughout the process. You have been someone that's really come back with really really strong reviews and I wonder how much of that is due to the fact that we actually got to see you play in a conference tournament. How great was getting a chance to play in the mountain West Tournament again and kind of closing it out in such a spectacular way the way that you did yeah, it's I. I'm just saying in hindsight so grateful that we had that Opportunity Arkansas argument is normally the week that everyone else is, but just because of a scheduling Conflict Vegas. They moved it up this year. The entire we we had expectations make DNC a tournament so the entire year we. We were not happy about an early conference tournament because the long layoff that we were going to have, but I said in hindsight it's to be able to have that and have the tournament that we did as a team. I did personally its I'm super grateful that we were able to add it so the first thing that I'm just going to ask all of the players that I get on this show will to do is kind of for the NBA audience. That maybe hasn't watched Utah State as much as I have as much as you lived through it. Kinda describe your game to people in terms of what you bring to the table so I think. I'm just a GUY TO UTAH. State I I was leading score lead about West scoring my junior year was i..
"merrill" Discussed on Dark Tank with Yedoye Travis
"No I mean you know mixed babies so But yeah no there's so much goodness out in the world and they're missing out because They just are a narcissistic and selfish. And don't understand that there's so much other beauty and wonderfulness and they're missing out so they shouldn't be here if that's horrible horrible. I'll take that bag. Everyone's like Maryland murderer now. no-one but no it's very Hard because I did go to school like in Virginia and then I went to school here and so my exposure is seeing sort of Both sides and that side ride is Awful so I think a lot of it is education and parents and career and narcissism and money and Using God as the fall guy when or girl when it's really they just about money and power so you know I figured it out and I have all the notes Eilly progressive that they would think God is a woman. Yeah now thanks to God his autograph one nationwide woman mm-hmm and these niggers are trying to take her. This is what I came up with. A mandatory. One of the ideas is a mandatory mandatory program for white men aged aged seventeen to eighty five. That's what I was picturing. Like fifty to aid alone and no pre-college they got it. In their formative years seventeen eighty five to be educated on hate and tested to find out their states of mind like if they have a lot of hate in. And they're thinking then they keep getting evaluated and tested the way you do for drug tests for employment Good driver's license to make sure so you're like your card totally totally and then doing the test. That's an excellent question. I didn't go that far women. I don't know I'll don't think of it just could be. Yeah exactly. I'm going to be exhausted. Not Enough right so and then the other. I've got so many I thought this through a lot but except for that part But then it goes was into like guns and the children in cages. Just I have a lot of ideas but yeah there could be a love potion that you give them while they're in this program you know that that We haven't figured that out yet but whatever that is that takes away the hateful kind of thinking there has to be to them. I mean you know we're medicating motive. Motive Molly yes. Small microchips them constantly with shrimp. Yeah although I WANNA say that. Black people have been in in this country as long as white people and we've had equal exposure to each other and white people have even through like literally living with us for hundreds of years being our neighbors because my mom grew up in east Texas And you know her school was one of the first to be integrated All of this kind of stuff and like black people were part of our community and yet there were still a lot of racism of the whole. You know we don't want there's still a lot of suburbs don't allow black families in so there was still that and then there's the whole economical. You know racism that goes with that so they said which they can just exactly. You're not supposed to be here in your. Here's like we'll throw in the media which I wrote about that as well just you know. They're I want there to be a law where you cannot call a young black man hoodlum or Gangster you're not allowed to use those words cool like that sounds like a film. Noir Merrill the fact the first word you said was not sounds sounds Kinda cool you.
"merrill" Discussed on Dark Tank with Yedoye Travis
"Honestly. I think that that sounds really white. Tested positive for Free Diet. Take the marrow one talking I do sit in the exile. Anyone on you know just because they were yeah all of us are looking at Merrill like ah because I like to be helpful. I really do and I know that I I know I'm short and I look like an elephant. I don't need that much space but I just feel like I don't know I feel like even in the other seats we are so sardined you know it's not even like a word. Sorry I I thought. I picked a exit row selecting my mind and apparently American Airlines is getting real liberal with the term exit row so so we had an actual exit row here and then directly behind us. I'm still squashed up in front and still had to give a fuck and verbal. No confirmation that I can you help me give me the ADS. That section the the worst part about the exit row though is because I ended a lot is that You can't if it's just you and row and there's not another person you you can't lay down in that row. Here's why those yeah. Those arms won't go up because it's because you have to be ready to go so I feel special vessel and that you know I I say yes but the truth is I'll panic. I mean look. I'll just lay down hot dog style. Lay Down like your grill and and like w piece of bake into care. I'll I'll I'll sleep on a plane. I don't give a shit. Yeah Yeah I'll sleep on a plane to yeah. So here's what's going on in your lives. well Oh Am I I. I don't know I just started talking the right thing. That's happened so far on the show we.