KeyCorp’s multi-family office business has hired a new leader with more than 20 years of senior leadership experience.
Robert Weiss becomes head of Key Family Wealth with a focus on collaboration across the firm to grow its ultra-high-net-worth client segment. The business unit manages approximately $23 billion AUM and is part of Key Private Bank.
Weiss was previously with First Republic which joined JPMorgan Wealth Management following the regional banking crisis in 2023. He was regional business leader in the New York, New Jersey and Connecticut region.
He had also been with JPMorgan earlier in his career as global head of Advice Lab and his experience also includes establishing and leading the Northeast Private Wealth Division for SunTrust and eight years with Alliance Bernstein where he was a managing director.
Based in New York City, Weiss reports to Key Wealth President Joe Skarda.
“Robert is a proven leader in the wealth management industry,” said Skarda. “He brings a high level of expertise, values and client dedication aligned with our approach and overall strategy. I am confident he will deliver value for our business, clients and teams.”
Weiss says he is pleased to be joining Key Wealth in its current strong growth phase.
“The industry-leading capabilities that Joe Skarda and his team have developed are a clear differentiator for Key, and I’m excited to share these impressive offerings with advisors and the families they support,” Weiss said.
The wider KeyCorp business recently attracted further investment from Canadian ‘big six’ bank Scotiabank which acquired a pro-forma ownership stake of approximately 10% for approximately $2 billion.
“Semiliquid funds are making private markets more accessible but are much pricier than public market funds,” according Morningstar.
Despite record plan participation, many workers remain at risk of inadequate retirement savings as Social Security’s future grows more uncertain.
New tie-ups with Advyzon, RightCapital and PreciseFP reflect growing demand for flexible, connected tools.
The recently rebranded Focus Partners Wealth is growing again, this time with a pending deal for a Fairfax, Virginia advisory firm.
The transaction significantly expands the firm's reach and capabilities.
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.
