Jim Iannazzo: Facts On Why He Was Dismissed From Merrill Lynch

Jim Iannazzo is one of history’s most well-known figures. He formerly worked as a financial advisor. He served as Merrill Lynch’s advisor. He did not enter the spotlight after a sensational incident. He was clearly seen making multiple racist remarks to a young employee during this outburst. He was also spotted throwing the drink that was delivered to the waitress.

Investigations conducted in the wake of this incident established his guilt for the hate crime. He was shortly detained.

Read the article below to learn more about Jim Iannazzo’s net worth, age, family, and other information.

Jim Iannazzo

Early Life

Jim Iannazzo, also known as James Iannazzo, was born in Fairfield, Connecticut, on May 15, 1973. He was raised there and attended all of his local schools. The identities of his parents and the existence of any siblings remain unknown. We do know that his father is incredibly proud of all of his professional accomplishments.

The corporate executive has accomplished a lot throughout the years. Jim has always aspired to enter the banking industry and have an influence.

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The certified financial planner put a lot of effort into his studies, and in 1995 he received his degree from the esteemed University of Connecticut. This young man attended Norwalk High School before enrolling in the university to get a degree in finance, and he graduated in 1991.


One of the most intricate and difficult industries to work in is the financial one. Young professionals who enroll in finance programs typically leave early due to difficulties. Jim worked tirelessly till he attained the highest ranks because he was determined to have the best career possible.

The licensed financial advisor has 25 years of fantastic experience in the challenging sector. Fort Pierce, Merrill Lynch, Fenner & Smith Inc., he has worked. Jim Iannazzo had the good fortune to work for Merrill Lynch for many years as the managing director.

The finance graduate was granted a Series 66 License due to his wealth of advisory experience. He is qualified to act as a securities agent and investment counselor thanks to this license. Jim is qualified to serve as a representative of an investment advisor in the US. and collaborates with Texas- and Connecticut-based investors.

Jim Iannazzo has visited several locations across the nation over the course of his career. He still chooses to work in his hometown since he has a personal bond with it.

Jim Iannazzo’s net worth has grown over his time working as Merryl Lynch’s managing director. The diligent worker was appointed to this job in 1995, and he has elevated the business with his knowledge.

James has collaborated with numerous businesses as a reputable wealth advisor. Jim Iannazzo is one of the top advisors in the nation, according to Barron America’s Top 1200 Advisors. The Certified Financial Planner was named one of the top 25 wealth advisors in the state by Forbes in 2021.

Jim Iannazzo Dismissed From Merrill Lynch


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After a financial advisor in Connecticut was jailed for flinging a drink at a smoothie shop employee during an expletive-filled rage that was captured on a popular TikTok video, Merrill Lynch fired him.

Jim Iannazzo, 48, condemned high school students in a TikTok video that was shot on Saturday inside a Robeks store in Fairfield as “F—ing stupid, f—ing ignorant high school kids.”

Jim Iannazzo, who had been employed by Merrill Lynch since 1995, was furious that day after his nut-allergic son, who had consumed a drink from the store, fell into life-threatening anaphylactic shock and had to be hospitalized.

In the video, James Iannazzo is seen yelling at the cashier about whose responsibility it was to make the drink for his son. It also demonstrates him refusing to leave after employees claim they were unaware of his whereabouts and after they constantly asked him to leave due to his behavior.

He said, “I want to speak to the f—-ing person who made this drink!”

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Before throwing the drink at the female employee in the story, Jim Iannazzo yells, “F—-ing b—-h,” as shown in the video.

The Fairfield resident then yells, “You f—-ing immigrant, loser,” before attempting to access a section of the store designated for “employees only.”

After turning himself in on Saturday, James Iannazzo was taken into custody and charged with “second-degree intimidation based on bigotry or bias, second-degree breach of peace, and first-degree criminal trespass.” On February 7, he must appear in Bridgeport Superior Court.

In a statement, Jim Iannazzo’s attorney Frank Riccio stated, “He deeply regrets his actions and acted completely out of character.”

After learning about the TikTok video, which has received more than 2.6 million views since being shared on Twitter, Merrill Lynch dismissed James Iannazzo on Sunday.

Merrill Lynch spokesman Bill Halldin stated, “Our company does not tolerate behavior of this kind.”

“We immediately investigated and have taken action. This individual is no longer employed at our firm,” declared Haldin, referring to Bank of America’s investment and wealth management division.

The footage was extensively distributed on social media, and some users praised Jim Iannazzo’s dismissal while others criticized his behavior.

Others questioned why Merrill Lynch fired him so quickly, even if they did not condone him for throwing the drink at the employee because they recognized he was behaving out of strong emotion due to his son’s condition.

“My actions at Robek’s were wrong, and I deeply regret them,” Jim Iannazzo stated in a statement. “They do not reflect my values or my character. I feel terrible that I lost my composure so completely.”

“I had returned to Robek’s to determine what ingredients were in the smoothie that I had previously ordered. I made my regrettable comments because my 17-year-old son was taken to the hospital suffering from life-threatening anaphylactic shock,” Jim Iannazzo claimed. “He collapsed at our home while drinking the smoothie from Robek’s, which contained some sort of nut product after I had advised them of his nut allergy when I ordered his drink.”

According to Fairfield Police, they got “numerous calls from employees” on Saturday afternoon “reporting that a client was throwing objects, swearing at employees, and refusing to leave.”

Jim Iannazzo contacted 911 to ask for emergency personnel to come to his home “for a juvenile suffering from an allergic reaction and was later transported to an area hospital,” according to a police investigation that followed.

“A short time later, Iannazzo returned to Robeks and confronted employees, yelling at them and demanding to know who had made the smoothie which contained peanuts, causing his child’s allergic reaction,” police said.

“When employees could not provide Iannazzo with the answer he became irate, yelling at the employees using a number of expletives. He then threw a drink at an employee, which hit their right shoulder.”

“Iannazzo was told to leave multiple times by the employees but remained inside and continued to yell insults at the employees,” police said.

“Iannazzo then attempted to open a locked door that led to an “Employees Only” area where the employees were, behind the counter.”

Police said store workers told cops that “Iannazzo never told them about the peanut allergy but had only requested that there be no peanut butter in his drink.”


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Personal Life

Pamela and Jim Iannazzo are married, and the two of them have three young children. They are a close-knit family who resides in Southport, Connecticut.

Before lately, when the media pushed him and his sick son into the spotlight, he had always led a secluded life. When discussing his wife’s part in controlling the son’s allergic reaction, the executive brought up the subject of their marriage.

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Jim described how his wife had to administer three shots of EpiPen to their son after he drank a smoothie. Even though it scared her, she managed the perilous situation superbly until the paramedics showed up.

Jim Iannazzo Net Worth

Jim Iannazzo has been lucky to make good money while holding a variety of jobs in the American financial division. Several publications estimate Jim Iannazzo’s net worth to be $6 million.

Recently, the coveted position held by the wealth consultant at Merrill Lynch was eliminated. The guy earned almost $85,000 each month while serving as managing director of a reputable organization.

In January 2022, Jim’s contract with Merrill Lynch was terminated. Jim’s firing incident has since gained attention. While some people have defended the corporation, many others have attacked it for its conduct.


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