Veteran PNC Wealth Management rep goes independent

Veteran PNC Wealth Management rep goes independent
$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families.
JAN 03, 2017
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.

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

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.