Advisor Credit Exchange has added two former UBS senior leaders as its new CEO and COO.
The tech platform that enables investment firms and advisors to access lending and cash management solutions was co-founded by Peter Stanton, who has decided to step down as chief executive but will remain with the firm as a strategic advisor and will be involved in key client relationships and strategic alliances.
Succeeding Stanton is J.P. Connellan, who joins the firm from UBS along with Melanie Warner, who is the new chief operating officer. Both held senior roles at UBS and helped establish the global asset manager’s independent advisor solutions team.
Envestnet is an investor in Advisor Credit Exchange and ACE's technology also powers the Envestnet Credit Exchange. Rich Aneser, chief strategy officer at Envestnet, says Connellan will be good for the business.
"J.P. has worked extensively with ACE's board for the past year, demonstrating a profound understanding of ACE's company dynamics and future opportunities," Aneser said. "His strategic vision and proven track record for driving business results are exactly what ACE needs to propel the company forward."
Connellan and Warner also helped establish a strategic partnership between UBS and ACE to enable advisors using ACE’s platform to access UBS’s cash management solutions. The initiative will continue.
"I am inspired by the innovation that defines this organization," said Connellan. "We look forward to expanding our strategic relationships, enhancing our consultative services, and taking ACE to the next level."
ACE has also announced some other leadership appointments, all joining through UBS’ independent advisors solutions.
Brett Barnes joins as head of business development for the western division while Justin Taylor joins as head of business development for the eastern division. Finally, Jack McDonough joins the ACE team as a business analyst supporting business development efforts.
A House bill could stop the SEC from blocking closed-end funds' private fund investments.
The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
David Lau, founder and CEO of DPL Financial Partners, explains how the RIA boom and product innovation has fueled a slow-burn growth story in annuities.
Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
