John Thiel, the former head of Merrill Lynch Wealth Management, announced the launch of Indivisible Partners, a new independent advisory firm. Thiel made the announcement through a LinkedIn post, expressing his pride and excitement about the venture. “It is with immense pride and excitement that I, along with my co-founders, announced the formation of Indivisible Partners, a privately-owned independent advisory firm,” Thiel stated.
The Clearwater, Fla.-based RIA is registered with the Securities and Exchange Commission but lists no assets under management as of October 1, 2024. It is a wholly-owned subsidiary of privately-owned Forabya LLC, where Thiel serves as a director. Indivisible Partners offers a range of services including portfolio management for individuals and businesses, financial planning, pension and profit-sharing plan services, and selection of other advisors.
The firm will partner with Fidelity for custody services.
Thiel introduces Indivisible Partners firm
Thiel will serve as founder and executive chairman of the new firm, with a team of co-founders who bring extensive experience in wealth management and advisory services.
These co-founders include former executives from Merrill Lynch, American Century, and Fidelity. Thiel’s 27-year tenure at Merrill Lynch included five years as head of its Wealth Management business from 2011 to 2016. He later spent a year as vice chairman of global wealth management and investment management business at Bank of America.
The establishment of Indivisible Partners follows a trend of former Merrill Lynch executives launching their own support platforms for RIA firms, including Sanctuary Wealth and NewEdge Advisors. “We have been listening to advisors throughout our careers and continued to hear a similar theme: a fervent desire for a different model,” Thiel wrote in his announcement. The launch of Indivisible Partners reflects a growing trend in the financial services industry, where experienced leaders are setting up independent advisor firms to offer more personalized and client-focused services.
Thiel’s departure from Merrill Lynch after years of leadership highlights his commitment to addressing the evolving needs of advisors and their clients in a competitive market.
