Fifth Third Wealth Advisors expands with $2B advisor team

Fifth Third Wealth Advisors expands with $2B advisor team
From left to right: Murray Kinlaw, Scott Cislo, and Scott Bailey, managing directors at Fifth Third Wealth Advisors.
The bank-supported independent RIA is widening its reach with a Merrill Lynch alum and a new office in North Carolina.
NOV 07, 2024

Fifth Third Wealth Advisors is bolstering its position in the independent RIA space as it lands a heavyweight advisor group while adding a new Eastern US foothold.

On Thursday, the firm announced it has added a new advisor team that previously managed $2 billion in client assets. The team, all joining as managing directors, includes Scott Bailey, Scott Cislo, and Murray Kinlaw, an experienced advisor who worked for 12 years at Merrill Lynch.

While Bailey will be based in St. Louis, Missouri, Cislo and Kinlaw will operate from a newly established office in Charlotte, North Carolina.

“We are excited to welcome this team of dedicated and trusted professionals to Fifth Third Wealth Advisors,” Eric Housman, president of Fifth Third Wealth Advisors, said in a statement. “Their expertise and commitment to excellence will further enhance our ability to serve clients.”

This expansion brings Fifth Third Wealth Advisors’ reach to a total of nine advisor teams across eight states, with offices in locations including Naples and Tampa, Florida; Springfield, Illinois; Westchester, New York; Pittsburgh, Pennsylvania; Dallas, Texas; and Atlanta, Georgia. 

FTWA positions itself as a unique destination for independent advisors, combining the freedom of a boutique firm with the resources and support of a regional bank. 

Founded in 1858, Fifth Third Bank has long been involved in providing comprehensive financial services to individuals, families, and businesses.

"At FTWA, we believe we offer the look, feel, and agility of an independent boutique, supported by a top-performing regional bank,” Housman said. “We allow our teams to dedicate more time to clients and strengthen client relationships.”

Fifth Third has lofty expectations for its wealth division. While it currently claims a position among the top 500 independent registered investment advisors in the US based on independent research, the firm's projections indicate it will reach top 100 status by the end of next year, according to Housman.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.