Former Merrill Lynch Executives Launch Indivisible Partners, a New Independent Advisory Firm
From the desk of Jim Eccleston at Eccleston Law
John W. Thiel, the former head of Merrill Lynch Wealth Management, has announced plans to launch Indivisible Partners, an independent registered investment advisory (RIA) firm, in early 2025. Thiel will serve as the executive chairman, joined by several former Merrill executives who have previously transitioned out of corporate roles.
According to AdvisorHub, Indivisible’s regulatory licenses are still pending; however, Thiel and his team have reportedly engaged with Merrill advisors to gauge interest in joining the new RIA. Key leaders include John Hogarty, former Merrill Chief Operating Officer, now taking the same role at Indivisible; Paul T. Lambert and Bill Lorenz, former Merrill divisional managers, now co-presidents; and Tom Fickinger, a past Merrill divisional leader, as president of advisor teams. Stephen Hostetler, who recently left Merrill, will be Indivisible’s chief compliance officer, while former Merrill COO successor, Michael Adornetto, will oversee operations and service.
AdvisorHub also reports that Indivisible’s team includes executives with backgrounds from Fidelity Investments and American Century Investments. Peter Cieszko, formerly at Fidelity’s Institutional Services, will lead client solutions, while Tom Corra, a former Fidelity executive, will serve as chief financial officer. Alok Kapoor, another Fidelity alum, is listed as a founding member.
Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory and disciplinary matters.
Tags: eccleston, eccleston law
