Forty Under 40: Anthony Ranallo
Senior Vice President, Merrill Lynch
Friday, March 07, 2014 7:00 AM
Growing up with four brothers in Des Moines, Anthony Ranallo considered himself “kind of the odd one out” in the family. As his siblings pursued creative interests - theater, music and cooking – he enjoyed mathematics and finance.
Mentor: Michael Bean, vice president, Merrill Lynch
He was fired from his first job – restaurant server – after three months when he was 16. “I was the worst server in the world,” Ranallo said. “I don’t think I ever once delivered the right order; I liked to talk too much instead of taking orders.”
After their father passed away when Anthony was just 9, the young family received support from the Amanda the Panda charity. Following this ordeal, his mother met financial adviser Michael Bean, who would later become Ranallo’s stepfather and help guide his career path.
Bean brought Ranallo into the business in 2002 after pushing him to complete a bachelor’s degree in finance at Arizona State University. Following Bean’s advice, Ranallo went on to earn several professional designations and a master’s degree, all before the age of 30. “To be an adviser is a very difficult career to move into,” Ranallo said. “Mike gave me that access point. I owe a lot of my success to Mike.”
From a career standpoint, Ranallo said he’s proud to be overseeing the Ranallo Group at Merrill Lynch, which has grown to become one of the largest wealth advisory teams in the state, managing more than $225 million in assets.
On a personal level, being married to his wife, Kimberly, and his two children, A.J. and Peyton, are his greatest achievements, he said.
Ranallo’s volunteer commitments also were shaped by his early experiences in life.
He volunteers for Amanda the Panda, and is a board member for the Des Moines Community Playhouse, which was an outlet for his older brother’s acting bug as a child.
Recently, Ranallo was being interviewed about his career by a college intern, who asked him, “If you could change anything from the start of your career, what would you change?”
Ranallo decided he wouldn’t change anything. “It was actually during that interview that I realized how fortunate I was to be where I am,” he said.
Reasons he’s a Forty:
• At age 24, he was one of the youngest professionals in the country to become a certified financial planner.
• He serves on the boards of the Des Moines Community Playhouse and the Central Iowa Center for Independent Living.
• He is a certified investment management analyst (CIMA) and a certified private wealth advisor (CPWA).
• He served for two years as the philanthropy chair for the Ambassadors Club, a local organization of young business professionals.
• Merrill Lynch named him a 2013 Circle of Excellence Advisor and a President’s Club Advisor in 2011 and 2012.
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