• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Tony Robbins: 401(K) Fees Could Rob You of 10 Years of Retirement Income

June 22, 2025

11 Cheap Business Ideas You Can Start for Less Than $1,000

June 22, 2025

Is Your Savings Account a Crutch for Bad Life Choices?

June 21, 2025
Facebook Twitter Instagram
Trending
  • Tony Robbins: 401(K) Fees Could Rob You of 10 Years of Retirement Income
  • 11 Cheap Business Ideas You Can Start for Less Than $1,000
  • Is Your Savings Account a Crutch for Bad Life Choices?
  • The Best Defense Against Uncertainty Isn’t a Single Strategy — It’s a Mindset
  • Tackle Decision Fatigue With This CEO-Worthy AI Tool
  • How to Turn Bad Reviews Into Great News For Your Business
  • This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs
  • 5 Things To Ask Aging Parents About Emergency Evacuations
Sunday, June 22
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Fly Fisherman From Appalachia Manages $1.7 Billion For Merrill Clients In New York City
Wealth

Fly Fisherman From Appalachia Manages $1.7 Billion For Merrill Clients In New York City

News RoomBy News RoomAugust 8, 20231 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Name: Michael Shalhoup

Firm: Merrill Lynch Wealth Management

Location: New York, NY

AUM: $1.7 billion

Forbes Rankings: America’s Top Next-Gen Wealth Advisors, Top Next-Gen Wealth Advisors Best-in-State, Best-in-State Wealth Advisors, Best-In-State Wealth Management Teams, America’s Top Wealth Management Teams High Net Worth

Background: Michael Shalhoup studied economics at West Virginia University and moved to New York City after college for a career in finance. After a short stint as an advisor at Penn Mutual, he joined Merrill Lynch in 2010, where he built his practice from the ground up, initially focusing solely on working with public company executives. “Having a deep understanding and being a specialist in that space allowed for scalability,” recalls Shalhoup. His current team of 12 has now expanded to serve different kinds of clients from all over the country.

Competitive Edge: Shalhoup describes his team’s wide age range—with advisors in their 20s up to their 50s—as a competitive edge. “We’re really helping quarterback all ages of family wealth,” he says. “That’s been very powerful, making sure that our clients feel like the entire family is in good hands.” As a largely millennial team, Shalhoup and his colleagues try to deliver an enhanced client experience by embracing tech and other financial planning tools.

Lessons Learned: “One of the most important things that sticks out to me as an advisor is communicating value,” says Shalhoup. “It’s not just about stocks, bonds and investments—in reality we do so much more than that.” He recalls how early in his career he was glued to markets, but eventually learned how to focus more on providing sophisticated financial advice. “For anyone starting in this industry, understanding how to communicate your value is the single most important thing to master.”

Investment Philosophy/Strategy: Shalhoup says his team’s core philosophy is to keep things simple and transparent, which often entails spending a lot of time sitting down with clients. “It’s important to spend a lot of time with clients educating them on what they own, as well as how and why that ties into a successful financial plan,” says Shalhoup. “It’s effectively empowerment via education, which frankly gives our clients peace of mind that they have a good line of sight.” The goal is for clients to be able to articulate what they have invested to a friend or even a child. “We tell clients not to overthink what they can’t control—when times get turbulent, that’s a great time to stress test not just client portfolios but also retirement and financial plans.”

Investment Outlook: A balanced approach is needed when it comes to current markets, says Shalhoup. “There’s so much noise in the marketplace from headline risk to different investment views—the access to information can be overwhelming.” While he says it’s difficult to predict the actions of the Federal Reserve, the markets-based view would suggest at least one more rate hike still to come. “I think history provides a nice barometer for what’s to come—if you look at the most recent bear market by length and decline, it was not unusual,” explains Shalhoup. “It goes back to making sure we’re not just being reactive.”

Best Advice: “Clients feel inconsistencies—the last thing you want is a client going somewhere else because they were unaware of what you could deliver,” says Shalhoup.

Favorite Book/Movie/Hobby: Shalhoup’s favorite movie is the 1992 classic A River Runs Through It. His biggest passion, unsurprisingly, is fly fishing: “It’s really the only place where my cell phone doesn’t come with me,” he says.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Expecting Expenses To Decline In Retirement? They May Rise

Wealth November 30, 2023

Comparing Job Offers: Going Beyond Base Salary

Wealth November 28, 2023

Where Do You Stand? Compare Your Net Worth To The National Average

Wealth November 23, 2023

Investment Lessons From Your Thanksgiving Turkey

Wealth November 22, 2023

FinCEN’s New FAQ On Reporting Beneficial Owner Information

Wealth November 20, 2023

Meta, Alphabet, Disney: 3 Top Holdings Of This ETF Hitting New Highs

Wealth November 20, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

11 Cheap Business Ideas You Can Start for Less Than $1,000

June 22, 20250 Views

Is Your Savings Account a Crutch for Bad Life Choices?

June 21, 20250 Views

The Best Defense Against Uncertainty Isn’t a Single Strategy — It’s a Mindset

June 21, 20250 Views

Tackle Decision Fatigue With This CEO-Worthy AI Tool

June 21, 20250 Views
Don't Miss

How to Turn Bad Reviews Into Great News For Your Business

By News RoomJune 21, 2025

Entrepreneur No matter how robust your brand’s customer service is, you can’t avoid negative feedback…

This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs

June 21, 2025

5 Things To Ask Aging Parents About Emergency Evacuations

June 21, 2025

A 16-Billion Password Leak Just Hit. Are You at Risk?

June 21, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.