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.
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."
Meanwhile in Chicago, the wirehouse also lost another $454 million team as a group of defectors moved to Wells Fargo.
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.
