Merger Creates New Merrill Lynch Private Banking and Investment Team


Published:

Thomas Pursel

Merrill Lynch

Merrill Lynch has announced the creation of the Locniskar Pursel Bucher Biddinger Group, formed from the merger of two private wealth advisor groups, the Locniskar Group and Pursel Bucher Group. The new team is based in Troy.

“This merger forms a multi-generational powerhouse team,” says David Jennings, Merrill Lynch market executive for southeast Michigan/ northwest Ohio. “The combined, significant investment expertise of these advisors will serve families and businesses for decades to come.”

Joining Merrill Lynch in 1970, Dana Locniskar built an investment group with experience in wealth management for high-net individuals, families, and foundations. He focuses on wealth management, concentrated stock strategies and philanthropic planning, trust, and estate services.

“We are thrilled to join forces,” says Locniskar. “We all share a single-minded emphasis on providing clients with outstanding service, and the merger only builds on our ability to help families reach their investment goals.”

Thomas Pursel joined Merrill Lynch in 1983 and works with affluent individuals, families, and corporations with $10 million or more in investable assets. Pursel Bucher was one of the first teams at Merrill Lynch to be named to its private banking and investment group, a division that serves the specialized needs of highly affluent clients.

“Our complementary expertise, specialization and common focus on client service make this a wonderful fit,” says Pursel. “The new team reflects the multi-generational make up of our clients, and that is significant in meeting clients’ long-term wealth management objectives.”

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Southfield’s Farbman Group Hires Vice President

Southfield-based Farbman Group announced that the full-service real estate firm has hired David Baratta as vice president, with a dual role in property management and development.

Saint Joseph Mercy Health System’s Ann Arbor and Livingston Hospitals Announce New President

Saint Joseph Mercy Health System (SJMHS) announced that Bill Manns will serve as president of the health system’s Ann Arbor and Livingston hospitals.

Warner Norcross and Judd Law Firm in Southfield Adds Partner

Warner Norcross and Judd LLP’s Southfield practice, a corporate law firm, has added experienced tax and estate planning attorney William C. Lentine as a partner.

Grosse Pointe Park's IPS Realty Fills Two Director Positions

IPS Realty in Grosse Pointe Park has named Letitia Maxwell development director and Robert Graham director of acquisitions, finances, and sales.

Detroit’s Henry Ford Health System Names CFO, Executive Vice President

Robin Damschroder has been appointed executive vice president and CFO of Henry Ford Health System after serving as interim in the role for the past eight months.
Edit ModuleShow Tags

Most Popular

  1. Wayne State’s Graduate Supply Chain Program Ranked Among Top 25 in the Country
    Wayne State University’s graduate global supply chain management program is among the...
  2. The Corner Apartment and Retail Project at Old Tiger Stadium Site in Detroit to be Completed in February
    The former Tiger Stadium site in Detroit received the city’s first modular home drop today as...
  3. Wayne State University in Detroit Opens $2M Athletic Performance Center
    Wayne State University in Detroit has announced the opening of its updated Athletic Performance...
  4. Condos in Detroit’s Historic Trumbull House Now Available
    Detroit’s Trumbull House, a home built in 1897 and located at 4304 Trumbull in the Woodbridge...
  5. Troy’s Kresge Foundation Donates $50M to Transform Detroit’s Marygrove College Campus Into Learning Center for Early Childhood Education Through Graduate Studies
    The Kresge Foundation in Troy today announced the donation of $50 million to the P-20...
  6. Universal McCann Will Open Office in Downtown Detroit to Oversee Quicken Loans’ Media Planning and Buying
    Detroit-based Quicken Loans Inc. today announced a long-term agreement with Universal McCann (UM)...