The Sportscar Vintage Racing Association (SVRA) announced today that Merrill Lynch’s Private Banking & Investment Group has been named “Official Wealth Management Company of SVRA.” Merrill Lynch is a global leader in wealth management and investment services.
“We are excited to welcome such a leading and globally recognized corporate brand to our style of motorsport,” said Tony Parella, SVRA president and CEO. “To me, having them invest in SVRA further demonstrates how far our branch of the sport has come in just a few years.”
“Many of our clients, prospects and private wealth advisors are passionate about vintage car racing, and we are delighted to support their interest,” said Don Plaus, head of the Private Banking & Investment Group at Merrill Lynch. “Having line of sight into the SVRA paddock is an exciting way to highlight our commitment to personalizing our services to the unique needs of people, their families and their businesses.”
The announcement builds on the string of SVRA sponsorship agreements over the past year. Other top-brand SVRA investors include Jaguar, Land Rover, NetJets, Mazda, Harley-Davidson and Robert Talbott. SVRA’s success in attracting sponsorship is a cornerstone to the company’s impressive momentum. Company officials report consistent annual triple-digit growth since 2012. SVRA has rapidly expanded from a regional series largely concentrated in the southeastern United States to one that spans the continent at most of America’s top racecourses.