Rick Suarez to head $7.5 billion Clarfeld/Citizens Private Wealth

Rick Suarez to head $7.5 billion Clarfeld/Citizens Private Wealth
Suarez succeeds firm founder Rob Clarfeld, who becomes executive chairman
JAN 13, 2020

Rick Suarez has been named to succeed Rob Clarfeld as chief executive of Clarfeld/Citizens Private Wealth, which manages $7.5 billion in assets.

Mr. Suarez has been with the firm since 1996.

It was founded in 1981 by Mr. Clarfeld and acquired last year by Tarrytown, N.Y.-based Citizens Bank.

“To ensure continuity of culture and direction, Rob Clarfeld will remain with the firm he founded as executive chairman, focusing on strategic initiatives, brand stewardship and client service,” the company said in a release.

Latest News

Cost and red tape are keeping Americans from care, new research reveals
Cost and red tape are keeping Americans from care, new research reveals

Inflation delays treatment while insured patients still fight for medication access

Americans back sharing AI wealth as debate over industry’s economic benefits grows
Americans back sharing AI wealth as debate over industry’s economic benefits grows

Public support grows for policies that spread AI’s financial gains beyond tech companies.

JPMorgan's record Q2 profit rides trading and dealmaking surge
JPMorgan's record Q2 profit rides trading and dealmaking surge

Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.

Feathery raises $30 million to power AI-driven RIA operations
Feathery raises $30 million to power AI-driven RIA operations

Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.

Wealth Enhancement deepens East Coast presence with Wealthshield deal
Wealth Enhancement deepens East Coast presence with Wealthshield deal

The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income