Private Wealth and Financial Advisors

Our focus is on you, not just your investments

Our work ethic is simple and powerful. It's based on collaboration. Collectively, our team has many years of financial services experience. This longevity speaks to the essence of our business. We develop long-term relationships with clients who benefit from the knowledgeable, tailored advice and guidance we offer.

Our Private Wealth Advisor, Scott Schropp, is highly trained and dedicated to the delivery of innovative financial strategies often demanded by the intricacies of substantial wealth. He focuses on small numbers of ultra-high-net-worth clients so he can devote the necessary time and understanding to help them manage the financial responsibilites that can accompany great wealth.

To be able to provide the personal attention and responsiveness he believes is required to support the group, Scott teams with Merrill Lynch Financial Advisors Ryan Iles and Wesley Schropp, who can bring capabilities such as portfolio analysis and wealth management strategies. This emphasis on teamwork helps us create a personalized financial strategy for each client, including in-depth analyses, tracking and a wide range of targeted reports to help clients understand where they are and where they may be headed.

Private Banking and Investment Group

The Private Banking and Investment Group (PBIG) provides tailored strategies to help meet the distinct needs of individuals and families with substantial wealth. Clients are served with a boutique-like approach by teams of rigorously trained and experienced advisors who are skilled in working with wealthy clients, their families and businesses. Clients can enjoy a caliber of resources and future-focused strategies that is typically reserved for the world's largest enterprises.

The PBIG Accreditation Program identifies financial advisors who demonstrate the technical proficiency necessary to deliver exceptional service exclusively to ultra-high-net-worth individuals. The program assesses a team's business model and skill in the strategies and solutions that best address the needs of those clients. Advisors must pass an oral assessment process to become private wealth advisors.

Merrill Lynch

Merrill Lynch offers a broad range of brokerage, investment advisory and other services, including insurance and investment analytics. Our advisors are available to work closely with the clients' other trusted advisors, including accountants, attorneys and tax specialists. We can provide access to trust and estate planning services through Bank of America specialists.

We help you gain clarity about your financial vision

A long-term, holistic approach to wealth management should incorporate your values, priorities and wishes. By asking the right questions, we can help design a strategy that is customized for you. As a team, we have complementary skills in wealth management and can assist you with:

  • Investments
  • Retirement income planning services
  • Major life-event transitions
  • Philanthropic strategies
  • Access to trust administration through Bank of America
  • Estate planning services
  • Concentrated stock positions
  • Rule 144 transactions

Your strategy is never static

The wealth management process doesn't end when we help you build an investment portfolio to support your strategy. Our low client-to-advisor ratio helps us stay on top of your portfolio's performance. We will recommend rebalancing or making necessary adjustments as dictated by changes in your personal circumstances, investment philosophy or the market fundamentals. Our goal is to keep your strategy and portfolio flexible, based on the unique dynamics of your life.

Helping you support the causes that are important to you

For many clients, philanthropy is an important component of their overall wealth strategy and a way to pursue personal or family fulfillment. Over the years, we have developed the knowledge and experience to create and implement strategies to help family foundations with your philanthropic and charitable desires, often working with Merrill Lynch and Bank of America specialists with experience in trusts, philanthropy and institutional consulting.

We take a consultative approach to seeking out effective investment strategies and can assist you and your family with:

  • Advanced charitable giving strategies
  • Donor-advised funds
  • Charitable lead and charitable remainder trusts
  • Establishing and running an effective family foundation
  • Family foundation governance best practices
  • Spending and grant-making policies
  • Managing the foundation investment assets
  • Fully integrated investment management advice and guidance
  • Access to Merrill Lynch's Investment Policy Statement services for review of investment policy statements

A wealth of knowledge to help your organization pursue
its mission

We work with private and public foundations, endowments and other not-for-profit organizations, offering knowledge and experience—as well as a disciplined investment process—to help these organizations pursue their mission and fulfill their fiduciary responsibilities. In addition, we can provide access to the investing insights of Merrill Lynch and the banking convenience of Bank of America.

In the area of funding, we work with you and your organizations on:

  • Fundraising and capital campaigns
  • Donor growth strategies
  • Planned giving strategies (under various market and economic conditions)
  • Board and staff education best practices, including compliance policies and governance and administration
  • Grant-making policies

We also provide guidance to these organizations about asset management.

Meet The Iles Schropp Group

Our trained private wealth and financial advisors provide clients with a direct line to all of the resources and capabilities of a truly global investment firm—in ways that are more in keeping with a small, very exclusive boutique-like firm. Concierge services, family meetings, and private seminars and events are all part of the experience.

Our Private Banking and Investment Professionals

  • The Iles Schropp Group

    Scott A. Schropp, CAP®, CIMA®, CTFA

    Managing Director–Wealth Management
    Private Wealth Advisor
    Global Institutional Consultant
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  • The Iles Schropp Group

    Mary Leahy Rankey, CFP®

    Private Wealth Relationship Manager
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  • The Iles Schropp Group

    Nick Cooper, CFP®, CAIA

    Private Wealth Analyst
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  • The Iles Schropp Group

    Teri Jenkins

    Senior Private Wealth Associate
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  • The Iles Schropp Group

    Sherry Spence

    Senior Private Wealth Associate
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Our Merrill Lynch Professionals

  • The Iles Schropp Group

    Ryan D. Iles, CFP®, CIMA®

    First Vice Presidentt–Wealth Management
    Financial Advisor
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  • The Iles Schropp Group

    Wesley F. Schropp, CFP®

    Financial Advisor
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  • The Iles Schropp Group

    Sara Rabideau

    Registered Senior Client Associate
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  • The Iles Schropp Group

    Alicia Mercier

    Registered Senior Client Associate
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Scott Schropp is registered to do business in : AZ, CA, CO, CT, FL, GA, IL, IN, KY, MD, MI, MN, MT, NC, NJ, NM, NV, NY, OH, SC, TN, TX, UT, VA, WI, WV, WY

For questions regarding registration information please contact your Financial Advisor.
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