Wilmington Trust's wealth division has come to an inflection point as the firm welcomes an experienced veteran of the industry to be its next leader.
The firm announced Thursday that Lisa Roberts is stepping in as its new head of wealth management.
In her expanded role, which took effect immediately, Roberts will oversee the strategic direction of Wilmington Trust’s wealth operations, including services for high- and ultra-high-net-worth clients, foundations, and endowments.
"I'm very excited about this opportunity to lead our wealth business," Roberts said in a statement. "We have a tremendous reputation built by our high-touch client experiences and our excellent team. We are in an exceptionally strong position to grow this business."
With over 30 years of experience in banking and wealth management under her belt, Roberts joined Wilmington Trust in May 2023, previously leading the wealth division's US markets unit.
Prior to Wilmington Trust, she held senior roles at Union Bank, Citi Private Bank, Bank of America, and Wells Fargo Private Bank, where she began her professional journey in the wealth industry as a registered broker in 2002 according to her BrokerCheck profile.
Roberts will also have a seat at the table on the enterprise leadership team at M&T Bank, which has been Wilmington's parent company since its acquisition in 2010.
She succeeds Doris Meister, who led Wilmington Trust’s wealth management operations for eight years before departing earlier this year.
Wilmington Trust’s vice chairman Kevin Pearson expressed confidence in Roberts, emphasizing the extent of expertise she brings to her new role.
“With the depth of industry knowledge and experience she brings to this position, Lisa is exactly the right leader for this business,” Pearson said. “I'm looking forward to working closely with her and our entire wealth leadership team on growing our business and continuing to provide our customers and clients with unparalleled experiences and service."
Roberts will be based in New York City, working closely with leaders across the bank to ensure alignment with M&T’s broader strategic objectives.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
