Jim Iannazzo Net Worth: How Rich is the Financial Advisor Actually?

Jim Iannazzo is a former financial adviser of Merrill Lynch, who was fired after a racist tirade against a smoothie teenage employee. He was arrested and charged with a hate crime after the chaotic scene in Fairfield on Saturday, January 22, 2022. As of 2022, Jim Iannazzo net worth is estimated to be around $6 million.

Early life

Jim Iannazzo was born in the United States of America. He is originally from Connecticut and is understood to be 48 years of age. Jim is a Certified Financial Planner. He is also a Personal Investment Advisor, who completed his graduation from the University of Connecticut in 1995. He held his high school graduation degree from Norwalk High School in 1991. 

Jim Iannazzo Net Worth & Career

As a registered financial adviser, he has a significant 25 years of professional expertise in Merrill Lynch, Pierce, Fenner & Smith Inc. Jim has served as a managing director for Merrill Lynch Wealth Management in Stamford, Connecticut. Jim holds a Series 66 Licence due to which he is eligible to work as a securities agent and investment advisor representative. As an investment advisor, he is equipped to assist Texas and Connecticut-based investors. 

According to his Linkedin Profile, he joined Merryl Lynch as the managing director in 1995. In addition to his professional experience at Merryl Lynch, he has worked for many organizations as a top wealth counselor and a Certified Financial Planner. He is listed as one of Barron’s America’s Top 1200 Advisors: State by State. In 2021, Forbes listed him as one of the 25 best in-state wealth advisers. 

Iannazzo was accused of hurling racist abuse and throwing a drink at a teenage smoothie employee on Saturday, January 22, 2022. The incident occur after his son suffered an allergic reaction to a drink due to which he had to rush his son to the hospital. After resting his son in the hospital, he came back to the smoothie shop shouting who made the drink. He even called a teenage employee “f—-ing immigrant”. All his activities were being recorded in a video that went viral on the internet. 

Due to his short-tempered behavior, he was later charged with a hate crime and arrested by the Fairfield Police Department. In a statement on Monday, he stated that he was out of his mind with fear that he would lose his son. Jim mentioned that he had told the smoothie employee about his son’s peanut allergy. Despite that, the employee brought a drink with peanuts. 

On the other hand, the smoothie employee claimed that Jim had just asked for no peanut butter. The viral video that was circulated on Twitter had been viewed over 2.6 million times by Monday. He was subsequently fired from Merrill Lynch on Sunday, January 23 as a result of the incident.

Personal Life

Jim Iannazzo is married to a lady named Pam. His wife was there with him when his son fell unconscious after drinking a drink. His son lost the capacity to breathe properly resulting in his face and lips swelling up. Jim mentioned that his son required an EpiPen shot. His wife immediately reacted to the situation and gave her son another EpiPen. 

After being treated in a hospital, Jim shared that his son was doing okay. His attorney named Frank J. Riccio issued a statement on Jim’s behalf claiming that his son was rushed to the hospital via ambulance. Jim has realized his mistake and extended his apologies to Robek’s organization especially the staff who was working that night.

Jim Iannazzo Net Worth

As of 2022, Jim Iannazzo’s personal wealth is estimated to be around $6 million. Before he lost his job at Merrill Lynch, he was earning an estimated monthly salary between $80 to $85 thousand dollars.