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Merrill Brokers Producing $4 Million Combined Launch RIA in Alabama

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Five advisors from three Merrill Lynch teams in Birmingham, Alabama joined together to launch their own registered investment advisory firm, according to an announcement Tuesday.

The RIA, Fairvoy Private Wealth Management, includes advisors Stephen M. Davis, his wife, Ashley C. Davis, Neal Corroll, H. Alan Word, and Claudia Johnston as well as client associate Alma Maric, according to the announcement. The team, which had spent 85 years collectively at Merrill, managed $550 million in client assets and produced $4 million in annual revenue, Carroll…

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