WEALTH MANAGEMENT
F.N.B. Corporation Expands Family Wealth Offering for UHNW Clients
The two hires bring a combined five decades of experience to lead investment management, wealth preservation, tax optimisation and succession planning for the bank's most complex clients.
F.N.B. Corporation has announced it has further enhanced its Family Wealth offering for ultra-high-net-worth clients with an additional investment in specialised advisory services and solutions. Led by veteran wealth management professionals, F.N.B. Private Family Wealth will support clients' long-term and multigenerational financial objectives, delivering strategies spanning traditional investment management, alternative investments, wealth preservation and transfer, tax optimisation and succession planning, alongside customised advisory services through FNB's Investment Banking division.
New leadership hires
To lead the group, FNB has hired Benjamin J. Ciocco as Director of Family Wealth and Fiduciary Services and Frank J. Aloi as Chief Market Strategist for Family Wealth, bringing a combined five decades of experience to the bank's Wealth Management team. Ciocco has more than 15 years of experience as a fiduciary and wealth management executive and oversees FNB's expanding fiduciary, estate and family wealth advisory services. Aloi has more than 35 years of experience in wealth management, holds the Chartered Financial Analyst and Chartered Market Technician designations, and is responsible for delivering insight into private markets, real assets and hedge fund strategies tailored for ultra-high-net-worth families and business owners.
Concierge access across FNB's platform
Vincent Delie, Chairman, President and Chief Executive Officer of F.N.B. Corporation and its largest subsidiary, First National Bank, said: "This elite wealth advisory office is a valuable resource for clients whose complex financial needs require tailored guidance and comprehensive solutions. Coupled with FNB's sophisticated capabilities, our team brings specialized experience and perspective that enables this niche client base to achieve their goals and create value across generations." The team also serves as a concierge connecting clients to FNB's wider offerings, including Private Banking, Mortgage and Insurance, enabled by the bank's digital services.