Drawn to specialize in serving innovators and entrepreneurs

Drawn to specialize in serving innovators and entrepreneurs
Flavia Trento says an 'accident in geography' opened her eyes to the opportunities in the innovation economy.
JUL 25, 2022

Sometimes financial advisers search for and find their niche, and sometimes the niche finds them. Flavia Trento says her focus on entrepreneurs and innovators was “an accident of geography.”

A San Francisco-based private wealth adviser in the private banking division of Silicon Valley Bank, Trento has found a rich channel of clients and prospect working in the “innovation economy.”

She describes the innovation economy as being represented by companies on the cutting edge of development in whatever industry they are in. “Northern California is our largest market, but we have offices in every city where innovation is taking place.”

Trento started to home in on her niche while working for a competitor prior to joining SVB nine months ago.

“I saw more and more clients that fit this profile as opposed to the profile of traditional wealth management clients, which is mostly people in their 50s that had built their wealth over time,” she said. “The clients I was seeing were in a different phase. They were creating wealth, and were concerned about how to manage it, mitigate taxes, and manage the risks.”

SVB Private is the $19 billion private banking arm that operates alongside SVB’s commercial bank, investment bank and a venture capital business.

The bank counts among its clients 83% of the firms on the Forbes Midas list.

Trento said the goal is for the private bank to serve innovators by providing tailored solutions like concentrated private stock planning, and pre- and post-transaction planning.

Trento describes her typical client as in the wealth creation stage of their careers.

“All of them are very time-starved, and most of them have done a small amount of wealth planning,” she said. “They are not necessarily always young, but many of them have not worked with a financial adviser before.”

From a planning perspective, Trento said her clients are often facing liquidity events and are commonly paid in stock options.

“That requires quite a bit of planning in terms of tax mitigation and long- and short-term liquidity,” she said.

In terms of marketing her niche, Trento is fortunate to be affiliated with SVB, which she said was in some way connected to two-thirds of all venture-backed initial public stock offerings last year.

“Our commercial bank is deeply embedded in the innovation economy, so we get a lot of referrals from the commercial bank and the investment bank,” she said.

The economic downturn this year hasn’t hurt business, either.

“The fact that the world has changed so dramatically has been an opportunity for us,” Trento said. “Nobody seems to worry about their personal financial situation when stocks are going up.”

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.