Driving growth at Merrill Lynch's Charlotte office

Driving growth at Merrill Lynch's Charlotte office
InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): James Wolf, Merrill Lynch Wealth Management.
MAY 23, 2024
By  Josh Welsh

While his title by profession is financial advisor, James Wolf considers himself a financial therapist.

“I have to deal with educating people,” he says. “They turn on the news, the world is coming to an end. When they check their account online, if the account is up, it's green. But if it's down one penny, and it's red, they’ll say ‘What?!’ so it’s really managing emotions.”

This is what he considers one of the biggest challenges as a managing director at the Charlotte, North Carolina-based Merrill Lynch Wealth Management location.

“It’s telling people that you really care about, 'you're making a terrible decision',” he added. “It’s coaching clients to not shoot themselves in the foot and that they have to make sure decisions are based upon facts, not emotions. That's probably the hardest thing is watching people make terrible decisions, because they're extra emotional.”

Wolf says he has overseen the Charlotte location within Merrill’s market through growth and client acquisition, resulting in him being among the top 3 offices in the country. This has led to his new title of managing director at one of the top wealth management firms in the world.

“To have the level of growth that I have, the level of production that I have, by doing it the right way, at one of the top markets and top offices in the country, to me, is satisfying,” he said.

Indeed, this is one of several reasons he’s being recognized as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.

Over the next year, Wolf hopes to grow his team so they can provide good service.

“Just because you're working hard doesn't mean you're working smart,” he added.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.