A regional team of former representatives at Bank of America Merrill Lynch have launched their own independent advisory firm, affiliated with Focus Financial Partners.

The new registered investment advisory firm, Beirne Wealth Consulting, is being launched as part of the Focus Financial Partners’ Connections program.

The Merrill Lynch & Co. professionals at BWC previously managed more than $2 billion in client assets.

Beirne's founding partners John Beirne Jr., John-Oliver Beirne and Jim Betzig managed more than $2 billion in client assets, when at Merrill Lynch. Eric Passeri is also joining the team.

They worked as the Beirne Wealth Management Group at Merrill Lynch. Beirne has been a specialist in public pension fund management, for four decades.

“My team and I have never hesitated to do what’s in the best interest of the institutions and individuals we serve,” said John Beirne. “Our clients will benefit from even more personalized services.''

BWC will provide wealth and investment management services for institutional investors and high-net worth individuals and families. T

BWC has selected Fidelity Investments® as the primary custodian of its clients’ assets.

Focus Connections is a consulting service which establishes independent RIAs from wirehouse teams, launched in 2008

Founded in 2006, Focus Financial Partners, LLC, is an international partnership of independent wealth management firms. The firm handles roughly $45 billion in client assets

A week ago, the firm closed a $220 million revolving credit facility put together by Bank of America, BMO Capital Markets, J.P. Morgan, SunTrust Robinson Humphrey, Comerica and UBS.


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