Veteran PNC Wealth Management rep goes independent

$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families

Jan 5, 2017 @ 12:07 pm

By Jeff Benjamin

Matthew Pietzak has left PNC Wealth Management to launch his own firm, Vantage Private Wealth, based in Naples, Fla.

Mr. Pietzak, who oversaw more than $300 million at PNC, will be offering financial planning and investment management services for affluent individuals and families. The new advisory firm will also act as a full-service family office for wealthy families.

(Search: Raymond James scores duo from Wells Fargo)

In making the move to operating as an independent adviser, Mr. Pietzak partnered with TruClarity, a platform geared toward helping advisers transition to independent status.

Once the new advisory firm is up and running, TruClarity continues to work with the registered investment adviser partner by handling, either directly or through third parties, support services in the areas of technology, branding, human resources, compliance, payroll and others.

TruClarity is an 18-month-old business incubator for breakaway advisers that currently has three RIAs on its platform, representing approximately $800 million.

(More: Advisers on the move)

“I know I can't do everything myself,” said Mr. Pietzak. “TruClarity professionally enhanced the look and branding of Vantage Private Wealth coming right out of the gate.”

Mr. Petzak is a 17-year veteran of the industry. Prior to PNC, Mr. Pietzak worked at Wells Fargo Private Bank, Bank of America, and UBS PaineWebber.


What do you think?

View comments

Recommended for you

Featured video


2019 concerns keeping successful advisory firm leaders up at night

These are the greatest business challenges for next year, according to InvestmentNews' Best Practices honorees.

Latest news & opinion

Some good news about female recruitment in financial advice

Each of four core advisory positions tracked in InvestmentNews' benchmarking study has seen an uptick in women entrants.

10 ETFs that are up more than 35% this year

Amid the stock market carnage, there are still some funds posting big gains.

10 biggest HSA providers rated

Morningstar rated the largest plan providers as investment and spending vehicles.

Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads

With the measure's demise, will the SEC's advice reform sustain the momentum?

6 tax strategies for year-end planning

How to help clients maximize their wealth using specific tax strategies before the end of the year.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print