Ex-Merrill Wealth Head John Thiel Launches RIA

Thiel first revealed his plans to launch an RIA in November. He is accompanied by a number of other former Merrill executives in launching Indivisible, including John Hogarty, Paul Lambert, Bill Lorenz, Tom Fickinger, Michael Adornetto, Alok Kapoor and Stephen Hostetler. They are joined by Peter Cieszko and Tom Corra, both of whom have worked as executives in the asset management industry.

Thiel stepped down as head of wealth management at Merrill in late 2016, after five years in the position, and was replaced by Andy Sieg. He then served as vice chairman of Global Wealth Management & Investment Management at Bank of America for a year.

The announcement notes that Indivisible Partners will seek to deliver a “compelling economic proposition to a select group of entrepreneurial wealth advisors to own 100% of their own practice and participate in the success of Indivisible Partners through equity ownership.”

Likewise, the firm will aim to support financial advisors "through their full business lifecycle, from transition to growing and scaling their practice and eventual legacy through succession."

Pictured: John Thiel