US Markets
Home›US Markets›M&A & Deals›F.N.B. Private Family Wealth adds advisory capabilitie…
F.N.B. Private Family Wealth adds advisory capabilities for UHNW clients
The unit is positioned to support long-term, multigenerational planning and to connect clients with private banking, mortgage and insurance offerings, helped by the bank’s recent growth.
F.N.B. Corporation has expanded its wealth management services for ultra-high-net-worth clients by creating a new structure, F.N.B. Private Family Wealth, with a focus on long-term and multigenerational planning needs, according to a Private Banker International piece that republished company information.
The expanded offering is designed to provide investment management support, alternative assets, wealth preservation, intergenerational transfer planning, tax planning, succession matters, and advisory work via F.N.B.’s Investment Banking division. It also aims to help clients access other parts of the bank’s lineup, including private banking, mortgage and insurance, along with digital banking tools.
F.N.B. appointed Benjamin J. Ciocco as director of family wealth and fiduciary services, where he will manage fiduciary, estate, and family wealth advisory activities. Ciocco has more than 15 years of experience in fiduciary and wealth management roles.
Frank Aloi was named chief market strategist for family wealth, covering private markets, real assets, hedge fund approaches, and other investment options for UHNW families and business owners. The company said Aloi has more than 35 years of experience and holds chartered financial analyst and chartered market technician designations.