The Dunn-Dunne Group

Global Institutional Consulting

About Us

For more than 25 years, The Dunn-Dunne Group has dedicated itself to helping some of the most sophisticated institutions in the nation oversee their assets prudently and manage their businesses. Based in the Mid Atlantic region, our investment consulting team is one of Bank of America Merrill Lynch's Global Institutional Consulting groups, which channel the resources and deep expertise resident at Bank of America Merrill Lynch to diverse groups of institutional clients. Our mission is to harness the power of one of the world's largest global financial firms on behalf of clients through an intimate client-consultant relationship.

In 2015, George Dunn, Peter Dunne and Bruce Wall were named to Barron's prestigious list of Top 25 Institutional Financial Advisors, in its inaugural appearance.

Drawing on the expertise of specialists throughout Bank of America Merrill Lynch, we serve a wide array of institutional clients, including a number of tax-exempt charitable organizations:

  • Mission-based social services organizations
  • Trade associations and other industry associations
  • Hospitals and health care organizations
  • College and secondary school endowments
  • Public and private foundations
  • Community foundations
  • Defined-benefit pension plans
  • Defined-contribution plans

We also provide consulting and investment services to select families whose exceptional wealth demands institutional-quality investment and wealth management.

Underscoring every service we offer is the conviction that to be effective, investment strategies must be carefully integrated with an organization's strategic objectives, governance framework, investment policy and risk-management function. As such, we take the time to understand the broader challenges and goals of the organizations we serve before devising investment solutions for them.

George Dunn, Peter Dunne and Bruce Wall have a deep understanding of the needs of institutions, and they bring clients broad experience across several diverse client. segments. They completed the rigorous Global Institutional Consulting selection process administered by Bank of America Merrill Lynch, that included a deep review of their experience serving institutions and a comprehensive, multidimensional professional assessment process.

"Each of us is passionate about strengthening, and growing clients' organizations, and helping these institutions fulfill their missions is very gratifying to us."

— George Dunn, CIMA®
Managing Director—Wealth Management
Senior Financial Advisor
Global Institutional Consultant


GLOBAL INSTITUTIONAL CONSULTING

Global Institutional Consulting is one of the top investment consulting providers in the United States. It puts the resources and intellectual capital of Bank of America Merrill Lynch to work for its clients by delivering objective advice and sophisticated investment solutions through focused, client-centric consulting teams. Global Institutional Consulting's highly experienced advisors help a diverse group of institutional clients address today's complex investment challenges through an integrated goals-based investment process that enables organizations to redefine success, manage risk and fulfill their missions.

Our Approach

We listen. We educate. We help you make decisions that advance the goals of your organization. We assist and guide your institution's investment stewards in carrying out their fiduciary responsibilities.

We look at your organization as a whole. We work with both sides of your balance sheet. We believe that your investment policy should be in harmony with both the shorter- and longer-term goals of your institution. We help you to understand and measure how liabilities may impact the construction of your investment portfolio.

Our approach is hands-on. We seek to support and enhance the capabilities of the Investment Committee, the chief financial officer and the back office. We know how to integrate with your staff and key outside advisors.

  • For CFOs coping with tight operating budgets, we can serve as a valuable off-balance-sheet resource that can supplement internal resources.
  • For boards of trustees or investment committees, we offer in-depth analysis, strategic perspective, industry best practices and investment guidance. We are experienced in building consensus at the committee and board level, a skill that is important to almost every institution.

As a client, you will have access to a broad spectrum of solutions: traditional consulting, client-directed implementation, full discretionary authority—depending on your resources and desire to delegate.

Merrill Lynch Wealth Management

Merrill Lynch offers a broad range of brokerage, investment advisory and other services, including insurance and investment analytics. Our advisors are available to work closely with the clients' other trusted advisors, including accountants and attorneys. We can provide access to trust and philanthropic planning services through Bank of America specialists.

Why Hire Us

Experience: We have a long history advising nonprofit organizations. In 1985, George Dunn was a founder of the Investment Management Consultants Association (IMCA) and served as its president. In these roles, he helped develop the industry's benchmark certification program, Certified Investment Management Analyst®. He also helped found the Association of Professional Investment Consultants at Smith Barney.

Global Resources—Local Presence: Our team can marshal Bank of America Merrill Lynch's investing, research, capital markets and banking capabilities on behalf of clients. We offer sophisticated philanthropic solutions through U.S. Trust.

A Holistic Approach: Our investment solutions don't begin and end with your investment portfolio. We identify the key issues facing your organization from the investment, governance and balance sheet perspective. We help CFOs and investment committees better assess their needs and more sharply define their goals, helping them make more informed decisions in the process.

Client Focus: We bring deep experience to the institutions we serve, but we never forget that no one has a better understanding of the challenges facing these organizations, than the people who lead them. This recognition manifests itself in the humility we bring to client relationships.

Actionable Advice: Our focus is on finding solutions, not just providing analysis. We believe our insights and thoughtful advice can help you make better decisions, while our experience and resources can be invaluable as we work together to implement those decisions.

Valuable Support: The demands on nonprofits have never been greater. By leveraging our team's experience and resources, you can off-load the time-consuming tasks that may prevent you from focusing on the more strategic, higher-value initiatives that are central to meeting your goals.

Commitment: The mission of many clients is to help people spiritually, physically or economically. We are committed to helping people who lead organizations dedicated to bettering the lives of others. Put simply, we care about clients and the communities they serve.

"We are investment professionals with a great deal of experience, so clients expect us to offer knowledgeable guidance.

We distinguish our work by giving clients the unexpected—by going beyond the portfolio. We are committed not only to delivering quality investment work, but also to supporting you as you seek to fulfill your institution's mission."

— Peter F. Dunne, CIMA®
Managing Director–Wealth Management
Senior Financial Advisor
Global Institutional Consultant

Meet the Group

George Dunn, Peter Dunne and Bruce Wall combined have more than 75 years of institutional experience. George began his financial services career in the 1970s and has dedicated the past 30 years to serving institutional clients. Peter teamed with George in 1986 and has focused on institutional clients for his entire career. And Bruce joined the team in 1993 to broaden the services they offer.

  • George A. Dunn, CIMA®
    Managing Director–Wealth Management
    Senior Financial Advisor
    Global Institutional Consultant
    P: 301.520.1150
    G.Dunn@ml.com

  • Peter F. Dunne, CIMA®
    Managing Director–Wealth Management
    Senior Financial Advisor
    Global Institutional Consultant
    P: 301.215.4447
    Peter.Dunne@ml.com

  • Bruce R. Wall, CIMA®
    Senior Vice President–Wealth Management
    Global Institutional Consultant
    P: 301.215.4448
    Bruce.Wall@ml.com

George, Peter and Bruce are joined by a group of professionals with extensive experience in financial services and in-depth knowledge of the structure and capabilities of Bank of America Merrill Lynch. As such, the team is well-positioned to deliver the many benefits a relationship with Bank of America Merrill Lynch can bring to your organization.

  • David M. Sotsky
    Assistant Vice President–Wealth Management
    Financial Advisor
    P: 301.215.4451
    David.Sotsky@ml.com

  • Mark Randall, CAIA, CFA®
    Investment Associate
    P: 301.215.4446
    mark.randall@ml.com

"We are a well-structured team. Each one of us has a role that supports the many aspects of a relationship with a client. We have complementary analytical skills and investing talents."

— Bruce Wall, CIMA®
Senior Vice President
–Wealth Management
Global Institutional Consultant

About GIC

Global Institutional Consulting at Bank of America Merrill Lynch draws upon a powerhouse of sophisticated investment consulting capabilities, resident in a firm rich with global financial solutions and strength. Our rigorously trained investment consultants subscribe to a philosophy that reaches beyond the investments and is designed to help organizations ultimately redefine success, manage risk and focus on the real goal—the ability to fulfill their mission.

Global Institutional Consulting provides a full suite of investment solutions including portfolio strategies, investment consulting services, retirement solutions and institutional philanthropic management to more than 2,000 clients, ranging from family offices to nonprofit organizations to retirement systems, representing over $145 billion in institutional assets1.

Global Institutional Consulting Advantage

The Power of the Right Organization Drawing on the global expertise and singular focus, our Global Institutional Consulting practice dates back more than 40 years; which makes us one of the country's largest and oldest institutional consulting firms. You can count on thoughtful, independent and research-driven advice delivered with your interest at its core.

We draw upon the full resources of the Investment Management & Guidance (IMG) group, which includes professionals that drive investment consulting research. Our research efforts are also supported by over 700 analysts in BofA Merrill Lynch Global Research as of March 1, 2015, which has been ranked as the # 1 Top Global Research Firm by Institutional Investor.*

We also leverage the Alternative Investments group, which has one of the largest and longest standing alternative investment capabilities in the industry, with client balances of approximately $55.29 billion in alternative investment products and 125 industry professionals in several offices around the globe, who provide clients with sourcing, due diligence, selection, implementation and ongoing monitoring, as of June 30, 2015.

The Power of the Right Consultant Understanding the enduring value of a relationship based on trust, we are dedicated to meeting the needs of institutional clients and providing them with guidance to help navigate the complex institutional market while addressing their financial objectives and goals. We bring a coordinated team of consulting professionals with deep backgrounds in finance and investments.

The Power of the Right Approach Mobilizing all that Bank of America Merrill Lynch can do for you, our institutional consultants offer an innovative, robust, and customized suite of investment solutions and strategies for institutional clients—capitalizing on our global scale to stay abreast of changing market conditions. The result is a dynamic investment portfolio that is timely and timeless—reflective of the daily conditions of the marketplace, yet grounded in sound market fundamentals. We have been leaders in advocating open architecture investment solutions for institutions, solutions that are rooted in deep analysis and the extensive resources of a global firm. We provide institutional investors with innovative strategies tailored to their distinct financial goals.

1 As of June 30, 2015.

*Institutional Investor, December, 2014

Capabilities Platform

1

Strategic planning and the development of effective investment governance structures

2

Spending policy analysis

3

Asset/liability modeling

4

Investment Policy Statement (IPS) development or refinement

5

Investment strategy implementation

  • Strategic asset allocation studies, including alternative asset classes
  • Portfolio construction
  • Investment manager search/selection
  • Due diligence, both quantitative and qualitative
  • Ongoing performance monitoring
  • Manager performance analysis, attribution analysis
  • Portfolio risk studies and market risk evaluations
  • Presentations and briefings to oversight committees
6

Board and committee education

  • Global investments and markets
  • Best practices
7

BofA Merrill Lynch Global Research, as well as third-party research

8

Donor development and fund raising

9

Support requests from auditors and examiners

10

Trust and custody arrangements

Global Resources

Investing in an increasingly interconnected world requires deep global research capabilities. Institutional clients require both macroeconomic perspectives, as well as robust investment manager research to implement both short- and long-term strategic goals and tactical portfolio adjustments.

Global Institutional Consultants draw upon the intellectual capital, robust due diligence and world-class research capabilities of BofA Merrill Lynch Global Research*.

Manager Selection and Due Diligence

Due diligence is rooted in the Merrill Lynch culture and history. Merrill Lynch's Investment Management and Guidance team is chiefly responsible for due diligence reviews, portfolio construction strategies, ongoing performance measurement and diagnostic analysis. This team is designed to help institutional clients select the best possible asset managers and related portfolio services. The due diligence analysts work in teams defined by asset class and investment style and use an eight-factor quantitative and qualitative model to conduct rigorous reviews.

Investment Research

BofA Merrill Lynch Global Research is a renowned, highly respected organization employs over 700 analysts, as of March 1, 2015, focusing on three main disciplines:

  • Global Macro Research offers in-depth analysis of critical global issues and provides economic forecasts for more than 60 economies, addressing economics, currencies, commodities, interest rates, derivatives and equities.
  • Global Credit Research encompasses high-grade fixed income securities, high-yield debt, credit derivatives, mortgages and structured finance, convertible debt, municipal bonds and indexes.
  • Global Equity Research analysts conduct fundamental analysis on more than 3,400 stocks globally, providing institutional and retail clients with industry-specific and in-depth research and analysis.
  • 2 As of March 1, 2015.

Global Research, Market Leadership

We are able to leverage the resources of
BofA Merrill Lynch Global Research, rated the Number One research organization in the world by Institutional Investor, December 2014*, including:

#1

All-Asia Research Team

#2

All-China Research Team

#2

All-America Research Team

*In its December 2014 issue, Institutional Investor magazine announced BofA Merrill Lynch Global Research as the Top Global Research Firm for 2014, based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. For more information about this award, go to http://www.iinews.com/site/pdfs/researchaward.pdf

Global Institutional Consulting Investment Process

Global Institutional Consulting follows a robust and disciplined investment process, allowing Global Institutional Consultants to respond to the changing needs and objectives of institutional clients, providing a higher probability of achieving long-term investment goals.

"A clear-cut investment process is essential to every nonprofit institution. Over time, organizations change, cash and spending needs change, and, of course, markets change. An Investment Policy Statement (IPS) has to be well written and should encompass the investment goals of the organization. An IPS should be reviewed frequently and modified if necessary to keep up with changing circumstances."

— Peter F. Dunne, CIMA®
Managing Director–Wealth Management
Senior Financial Advisor
Global Institutional Consultant

George A. Dunn is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI
Peter F. Dunne is registered to do business in: AZ, CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OK, OR, PA, TN, TX, VA, VI
Bruce R. Wall is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI
David M. Sotsky is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI
Mark Randal is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI
Winship Ross is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI
Jeff Santos is registered to do business in: CA, CT, DC, DE, FL, GA, ID, IL, MA, MD, MT, NC, NH, NJ, NY, OR, PA, TN, TX, VA, VI, WI

Asset allocation and diversification do not ensure a profit or protect against a loss in declining markets.

Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Banking products are provided by Bank of America, N.A., and affiliated banks, members FDIC and wholly owned subsidiaries of BofA Corp.

Barron's magazine, Feb. 24, 2014, Top 1,200 Advisors list. Advisors considered for the "America's Top 1,200 Advisors: State-by-State" ranking have a minimum of seven years financial services experience and have been employed at their current firm for at least one year. Quantitative and qualitative measures used to determine the Advisor rankings include: client assets, return on assets, client satisfaction/retention, compliance records, and community involvement, among others. Barron's does not receive compensation from Advisors, participating firms and their affiliates, or the media in exchange for rankings. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved. Years prior to 2014, this Barron's list consisted of 1,000 advisors.

Merrill Lynch offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining a service or services to select.

Barron’s "Top Institutional Financial Advisors" list, April 20, 2015. The ranking features the top institutional consulting teams from traditional brokerage firms as well as registered investment advisor (RIA) firms and independent broker-dealers. The teams in the ranking were evaluated on a range of criteria, including institutional investment assets overseen by the team, the revenue generated by those assets, the number of clients served by the team, and the number of team members and their regulatory records. Also considered were the advanced professional designations and accomplishments represented on the team. Barron’s does not receive compensation from Advisors, participating firms and their affiliates, or the media in exchange for rankings. Barron’s is a trademark of Dow Jones & Company, Inc. All rights reserved.

All guarantees and benefits of an insurance policy are backed by the claims-paying ability of the issuing insurance company. They are not backed by Merrill Lynch or its affiliates, nor do Merrill Lynch or its affiliates make any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

L-09-15

The Bull Symbol and Merrill Lynch Wealth Management Personal Investment Advisory and the Bull Symbol are trademarks of BofA Corp.

Merrill Lynch Institutional Consulting Group is a registered service mark of BofA Corp.

CAP® and Chartered Advisor in Philanthropy® are the property of The American College, which reserves the sole rights to its use, and is used by permission.

Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNERTM in the U.S.

Investment Management Consultants Association (IMCA®) is the owner of the certification marks CIMA® and Certified Investment Management Analyst®. Use of CIMA® and Certified Investment Management Analyst® signifies that the user has successfully completed IMCA’s initial and ongoing credentialing requirements for investment management consultants.

ARG3CPYP

Investing involves risk, and there is always the potential of losing money when you invest in securities.

Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Bank of America Merrill Lynch makes available products and services offered by Merrill Lynch Pierce Fenner & Smith Incorporated (“MLPF&S”) and other subsidiaries of Bank of America Corporation ("BofA Corp.").

Bank of America Merrill Lynch is a brand name used by several BofA Corp. businesses, including, but not limited to, Global Institutional Consulting (GIC), which offers products and services for the benefit of institutional and ultra high net worth clients.

GIC is part of the Global Wealth and Retirement Services business of BofA Corp. Institutional Investments & Philanthropic Solutions (II&PS) is part of U.S. Trust, Bank of America Corporation (“U.S. Trust”). U.S. Trust operates through Bank of America, N.A., Member FDIC, and other subsidiaries of BofA Corp. For both GIC & II&PS, banking and fiduciary activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A. Both brokerage and investment advisory services may be provided by wholly owned brokerage affiliates of BofA Corp., including MLPF&S; 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. Global Institutional Consultants mentioned herein are registered representatives with MLPF&S.

MLPF&S is a registered broker-dealer, registered investment adviser and Member SIPC. Merrill Lynch Life Agency Inc. is a licensed insurance agency. Both are wholly owned subsidiaries of BofA Corp.

Investment products, insurance and annuity products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

 

 

MLPF&S makes available investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. or in which BofA Corp. has a substantial economic interest.

© Bank of America Corporation. All rights reserved.