Veteran PNC Wealth Management rep goes independent

Veteran PNC Wealth Management rep goes independent
$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families.
JAN 03, 2017
Matthew Pietzak has left PNC Wealth Management to launch his own firm, Vantage Private Wealth, based in Naples, Fla. Mr. Pietzak, who oversaw more than $300 million at PNC, will be offering financial planning and investment management services for affluent individuals and families. The new advisory firm will also act as a full-service family office for wealthy families. (Search: Raymond James scores duo from Wells Fargo) In making the move to operating as an independent adviser, Mr. Pietzak partnered with TruClarity, a platform geared toward helping advisers transition to independent status. Once the new advisory firm is up and running, TruClarity continues to work with the registered investment adviser partner by handling, either directly or through third parties, support services in the areas of technology, branding, human resources, compliance, payroll and others. TruClarity is an 18-month-old business incubator for breakaway advisers that currently has three RIAs on its platform, representing approximately $800 million. (More: Advisers on the move) “I know I can't do everything myself,” said Mr. Pietzak. “TruClarity professionally enhanced the look and branding of Vantage Private Wealth coming right out of the gate.” Mr. Petzak is a 17-year veteran of the industry. Prior to PNC, Mr. Pietzak worked at Wells Fargo Private Bank, Bank of America, and UBS PaineWebber.

Latest News

Envestnet launches redesigned trading platform for advisors
Envestnet launches redesigned trading platform for advisors

Envestnet Wealth Trading replaces legacy FolioDynamix tools with a unified platform built for portfolio-wide rebalancing

Orion hits asset milestone, ramps up Denali AI capabilities
Orion hits asset milestone, ramps up Denali AI capabilities

“It's important for our AI solutions to flex into different client needs,” said Orion CEO Natalie Wolfsen.

Beyond performance: Evaluating alternative investments
Beyond performance: Evaluating alternative investments

The same idiosyncrasies that make alts attractive to investors also heighten the importance of due diligence for advisors and firms.

Sensitive-data lapse at SEC intensifies calls to strip CAT of retail investor identifiers
Sensitive-data lapse at SEC intensifies calls to strip CAT of retail investor identifiers

ASA says OIG probe into leaked case files proves personal data poses ongoing risk.

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