Broughton Ward: Private Wealth Management & Institutional Consulting
Merrill Private Wealth Management
80 S 8th St
Minneapolis, MN 55402
(612) 349.7878
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Mission Statement
We combine the experience of our 16-member team with the resources of a global institution to help make portfolio management, wealth planning, and financial coordination easy, understandable, and gratifying.
Welcome

BROUGHTON WARD

Ranked #1 in Minnesota on the 2024 Forbes "Best-in-State Wealth Management Teams" list (Published on January 9, 2024. Rankings based on data as of March 31, 2023.)*

Ranked #19 in America on the 2023 Forbes "America's Top Wealth Management Teams High Net Worth" list (Published on November 7, 2023. Rankings based on data as of March 31, 2023.)**

At Broughton Ward, our most important job is listening—understanding our clients' financial goals, dreams, and the things that keep them up at night. Our 16-person team provides customized financial planning, portfolio management, and access to private banking and lending through Bank of America, all delivered through a personalized service team dedicated exclusively to our clients. As a part of the Merrill Private Wealth Management Division, we intentionally work with a limited number of clients and are experienced navigating complexity. As Merrill Institutional Consultants we are equipped to meet the needs of large institutional clients.

*2024 Forbes “Best-in-State Wealth Management Teams” list. Opinions provided by SHOOK* Research, LLC and is based on in-person, virtual and telephone due-diligence meetings and a ranking algorithm that measure best practices, client retention, industry experience, credentials, compliance records, firm nominations, assets under management and Firm-generated revenue (investment performance is not a criterion because client objectives and risk tolerance vary). SHOOK’s rankings are available for client evaluation only, are not indicative of future performance and do not represent any one client’s experience and available for investor help in evaluating the right financial advisor and not an endorsement of the advisor. Compensation was not received from anyone for the rankings study. Past performance does not guarantee future results. Details available at the SHOOK Research website. SHOOK is a registered trademark of SHOOK Research, LLC.

*2023 Forbes “America’s Top Wealth Management Teams High Net Worth” list. Opinions provided by SHOOK* Research, LLC and is based on in-person, virtual and telephone due-diligence meetings and a ranking algorithm that measure best practices, client retention, industry experience, credentials, compliance records, firm nominations, assets under management and Firm-generated revenue (investment performance is not a criterion because client objectives and risk tolerance vary). SHOOK’s rankings are available for client evaluation only, are not indicative of future performance and do not represent any one client’s experience and available for investor help in evaluating the right financial advisor and not an endorsement of the advisor. Compensation was not received from anyone for the rankings study. Past performance does not guarantee future results. Details available at the SHOOK Research website. SHOOK is a registered trademark of SHOOK Research, LLC.

*Merrill Institutional Consulting™ (MIC) is part of Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation (“BofA Corp.”), and offers products and services for the benefit of institutional and ultra‐high net worth clients through dually registered representatives of Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S“ or “Merrill”) who can provide brokerage and investment advisory services. The nature and degree of advice and assistance provided, the fees charged, and clients’ rights and MLPF&S’s obligations will differ depending upon the products and services actually provided. Banking products, services and activities are offered by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. MLPF&S and Bank of America, N.A. are affiliates of Bank of America Corporation. MLPF&S is a dually registered broker‐dealer and investment adviser and Member SIPC. MLPF&S makes available investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Investments involve risk, including the possible loss of principal investment. The banking, credit and trust services sold by the Private Wealth Advisors are offered by licensed banks and trust companies, including Bank of America, N.A., Member FDIC, and other affiliated banks. Bank of America, the Bank of America logo, Merrill and Merrill Institutional Consulting are registered trademarks of Bank of America Corporation.

Videos
Theresa Ward Introduction
Recognition
Theresa Ward
Managing Director, Private Wealth Manager
Forbes "America's Top Women Wealth Advisors Best-in-State", 2022-2024
(Published annually Feb – April. Rankings based on data as of June 30 – September 30 of prior year.)
Forbes "Best-in-State Wealth Advisors", 2021-2024
(Published annually Jan – April. Rankings based on data as of June 30 of prior year.)
Barron's "America's Top 1200 Financial Advisors State-by-State", 2022-2024
(Published annually in March. Rankings based on data as of September 30 of prior year.)
Show more recognition
Broughton Ward: Private Wealth Management & Institutional Consulting
Forbes "America's Top Wealth Management Teams High Net Worth", 2022-2023
(Published annually in November. Rankings based on data as of September 30 of current year.)
Forbes "Best-in-State Wealth Management Teams", 2023-2024
(Published annually in January. Rankings based on data as of March 31 of prior year.)
About Us
Who We Are

Trusted
At Broughton Ward, we know the most important aspect of any successful relationship is trust. We take the trust our clients and colleagues place in us seriously. We believe our commitment to trust is why we have client relationships dating back over five decades.

Experienced
Broughton Ward is a 16-person Private Wealth Management team headquartered in Minneapolis, Minnesota. We oversee more than $2 billon (as of 3/31/24) for individual and institutional clients across the country. Our team has over 200 years of combined experience at Merrill and we have client relationships dating back over 50 years with the firm. Our founding partners, Theresa Ward and Walter Broughton, each have over 30 years of experience at Merrill and have structured the team for success beyond their tenure. Our teammates hold a variety of credentials, including 4 members that hold the Chartered Financial Analyst® (CFA®) designation and 2 members that hold the CERTIFIED FINANCIAL PLANNER™ certification. We are one of a select few Merrill Institutional Consulting™ teams at the firm, designated and equipped to work with large institutional clients.

Fiduciaries
Our advisory portfolios are managed to a fiduciary standard, meaning our clients' best interest always come first.

Merrill Institutional Consulting™ (MIC) is part of the Global Wealth & Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation ("BofA Corp."), and offers products and services for the benefit of institutional and ultra-high net worth clients through dually registered representatives of Merrill Lynch, Pierce, Fenner, & Smith Incorporated(also referred as "MLPF&S" or "Merrill") who can provide brokerage and investment advisory services. The nature and degree of advice and assistance provided, the fees charged, and clients' rights and MLPF&S's obligations will differ depending upon the products and services actually provided. Banking products, services, and activities are offered by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. MLPF&S and Bank of America, N.A. are affiliates of Bank of America Corporation. MLPF&S is a dually registered broker-dealer and investment advisor and Member SIPC. MLPF&S makes available investment products sponsored, managed, distributed, or provided by companies that are affiliates of BofA Corp.

Tuesday, October 1st 2024| 5:00 PM CST
Monthly Market Update

Please join us for our Monthly Market Update where Hudie Broughton will moderate a conversation between Senior Portfolio Manager Walter Broughton and Senior Investment Manager Steve Farrell as they discuss current market conditions and how we're navigating them. Link below for the WebEx Broadcast.

*A Senior Portfolio Manager can help clients pursue their objectives by managing on a discretionary basis his own Personalized or Defined Strategies, which may incorporate individual stocks and bonds, Merrill Lynch Wealth Management model portfolios, and third-party investment strategies. A Senior Portfolio Manager may make their strategies available to clients working with other Merrill Lynch Wealth Management Advisors.

WebEx Link:
https://goto.webex.com/weblink/register/r6913d466f6b53a1359a50a608ffbe8f5

Wednesday, October 2nd 2024| 10:00 AM CST
Monthly Market Update

Please join us for our Monthly Market Update where Hudie Broughton will moderate a conversation between Senior Portfolio Manager Walter Broughton and Senior Investment Manager Steve Farrell as they discuss current market conditions and how we're navigating them. Link below for the WebEx Broadcast.

*A Senior Portfolio Manager can help clients pursue their objectives by managing on a discretionary basis his own Personalized or Defined Strategies, which may incorporate individual stocks and bonds, Merrill Lynch Wealth Management model portfolios, and third-party investment strategies. A Senior Portfolio Manager may make their strategies available to clients working with other Merrill Lynch Wealth Management Advisors.

WebEx Link:
https://goto.webex.com/weblink/register/r24c7d81acf34ab0d3ab4072d313390dc

Meet Our Team
Theresa B Ward,

CIMA®

Managing Director, Private Wealth Manager
612.349.7846
Walter Broughton,

CFA

Managing Director, Wealth Management Advisor
612.349.7854
Walter "Hudie" Thomas Broughton IV,

CFP®,CPFA™

Managing Director, Wealth Management Advisor
612.349.7849
Jack Ward,

CFA

Senior Vice President, Private Wealth Manager
612.349.7908
Steven C Farrell,

CFA

Vice President, Senior Investment Manager
612.349.7835
David M Foster,

CFP®, CRPC™, CRPS™

Vice President, Senior Wealth Planner
612.349.7952
Megan Murphy,

CRPC™

No Officer Title, Business Manager
612.349.7917
Caroline Ward,

CFA

Private Wealth Manager
612.349.7863
Alexander Joseph Broughton
Registered Wealth Management Client Associate
612.349.7924
Cassandra Anne Milbrandt
No Officer Title, Wealth Management Associate
612.349.7891
Emily Spillman
Private Wealth Relationship Manager
612.349.7904
Drew Taylor Johnson,

CRPC™

Registered Wealth Management Client Associate
612.349.7834
Matthew L. Hepola
Registered Private Wealth Client Associate
612.349.7907
Jenna Uphoff
Private Wealth Client Associate
612.349.7979
Susan Marie MacDonald
Wealth Management Client Associate (FP)
612.349.7809
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Investments & Wealth Institute™ (The Institute) is the owner of the certification marks CIMA® and Certified Investment Management Analyst®. Use of CIMA®, and/or Certified Investment Management Analyst® signifies that the user has successfully completed the Institute’s initial and ongoing credentialing requirements for investment management professionals.
CFA® and Chartered Financial Analyst® are registered trademarks of the CFA Institute.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and the CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
CRPC™ and Chartered Retirement Planning Counselor™ and CRPS™ and Chartered Retirement Plans Specialist™ are registered service marks of the College for Financial Planning.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and the CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Chartered Retirement Planning Counselor™, CRPC™, and the CRPC™ logo are certification marks or registered certification marks of The College for Financial Planning Institutes Corp. in the United States.