Back to leadership

Paul Sullivan

Founder, Managing Partner

Paul Sullivan

Cell Phone: (973) 525-7626

Email: [email protected]

Paul Sullivan

Founder, Managing Partner

I am the founder and managing partner of Wealth Management Independence, LLC (WMI), a company solely dedicated to providing editorial and training content for Financial Advisors who work in the independent channel. The two pillars of WMI are (1.) Paul's weekly Linkedln Editorials, and (2.) WMl's Website. The latter is a repository of training content and knowledge accumulated over 35+ years on Wall Street. My colleague of 10+ years, Maria Felice, is the business manager for WMI.

In addition to WMI, I work full time as Managing Director and Head of Sourcing for Steward Partners based out of NYC. In my role, I educate and advise wire-house Financial Advisors on the benefits of independence, especially as it relates to Steward Partners two models: W-2 Employee and 1099 Affiliate.

Steward Partners is an all advisor-owned, full-service independent partnership serving individuals, families and institutional investors. Our advisors deliver financial planning, investment strategy, asset management, private banking, institutional consulting and business solutions.

Prior to Steward Partners, I worked at Sanctuary Wealth, an independence firm for advisors, as the regional managing director for the East Coast.

Before entering the world of independence, I spent 34 years at Merrill Lynch. I was the managing director and market executive of Merrill's flagship office, SD Financial, headquartered in lower Manhattan. I also managed Merrill's Brooklyn and Staten island offices. Finally, I was responsible for the wealth management in twenty-five banking centers of Bank of America, Merrill's parent company.

Personally, I am married to Katie and we have two adult children and two grandchildren. We live in Manhattan and summer on Long Beach Island, New Jersey. My hobbies include golf, fishing, travel, cars, and NY sports teams. Let's not forget classic rock! I also enjoy reading and writing. I consider Abe Lincoln, Winston Churchill and Eleanor Roosevelt three of the greatest role models of the 18th and 19th centuries.

Experience

HEAD OF INTERNAL SOURCING, MANAGING DIRECTOR

  • Steward Partners, NYC (June 2023- Present)

FOUNDER AND MANAGING PARTNER

  • Wealth Management Independence, NYC (July 2021- Present)

REGIONAL MANAGING DIRECTOR (EAST COAST)

  • Sanctuary Wealth, NYC (July 2021- 2023)

MERRILL LYNCH WEALTH MANAGEMENT, BANK OF AMERICA CORPORATION

  • SD Financial Center, NYC, Managing Director and Market Executive (2008-2020)
  • Short Hills, NJ Market, Managing Director and Market Executive (2001-2008)
  • La Jolla, CA Market, Director and Market Executive (1998-2001)
  • Indianapolis, IN Market, Associate Director (1996-1998)
  • Doylestown PA Office, Financial Advisor (1988-1996)
  • SD Financial Center, NYC, Client Associate (1986-1988)

Licenses

FINRA, Series 3, 7, 8, 63, and 65

Education

The College of New Jersey Bachelors Degree, 1981-1985The College of New Jersey Bachelors Degree, 1981-1985