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.
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.
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.
“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.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
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.
