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.
Erin Piacenti, a vice president at Bank of America, was killed in a random attack in Times Square on Monday.
Minneapolis-based mega-RIA adds a $376 million hybrid RIA from Raymond James as its own $7 billion sale process reportedly plays out in the background.
Atlanta-based RIA taps former LPL executive John Rajes to unify systems as the firm looks to build on its 61-acquisition growth record.
Whether it's matching the market or beating its benchmarks, the returns of a portfolio only matter as much as the kind of life it lets clients experience.
Automation, niche focus and smarter regulation will decide which advisory practices scale and which stall, writes Brian Kovack
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
