Veteran PNC Wealth Management rep goes independent

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.