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Six Ex-Merrill Advisors Launch $550M Alabama RIA Fairvoy

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Six Merrill Lynch Wealth Management advisors from three Birmingham, Ala., offices have broken away to form Fairvoy Private Wealth, a fee-based registered investment advisor that expects to corral $550 million in assets under management within the next four months.

The new RIA, also in Birmingham, is led by Stephen Davis, formerly a managing director, ChFC and CFP at Merrill’s Davis, Word & Taylor Wealth Management Group; Ashley Davis, a senior vice president, CPA and chartered retirement planning counselor at the same firm; and Neal Carroll, a CFP, senior vice president, senior financial advisor and retirement accredited financial advisor at Merrill’s Osborne & Associates team. Stephen and Ashley Davis are married to each other.

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