F.N.B. expands family wealth advisory for UHNW clients

F.N.B. Corporation announced today it has further enhanced its Family Wealth offering for ultra-high-net-worth (UHNW) clients with an additional investment in specialised, sophisticated advisory services and advanced solutions. Led by veteran wealth management professionals, F.N.B. Private Family Wealth will support those clients’ long-term and multigenerational financial objectives.

The Family Wealth expansion was enabled by FNB’s significant growth, with the specialisation delivering comprehensive strategies in the areas of traditional investment management, alternative investments, wealth preservation and transfer, tax optimisation and succession planning, as well as customised advisory services through FNB’s Investment Banking division. Additionally, the team serves as a concierge to connect clients with FNB’s full range of offerings, such as private banking, mortgage and insurance, all enhanced by an industry-leading suite of digital services.

To lead the group, FNB recently hired Benjamin J. Ciocco as director of Family Wealth and Fiduciary Services and Frank J. Aloi as chief market strategist for Family Wealth. The pair bring a combined five decades of experience to FNB’s strong Wealth Management team and will provide white-glove service to F.N.B. Private Family Wealth clients.

“This elite wealth advisory office is a valuable resource for clients whose complex financial needs require tailored guidance and comprehensive solutions,” said Vincent Delie, chairman, president and chief executive officer of F.N.B. Corporation and its largest subsidiary, First National Bank. “Coupled with FNB’s sophisticated capabilities, our team brings specialised experience and perspective that enables this niche client base to achieve their goals and create value across generations.”

Ciocco oversees FNB’s expanding fiduciary, estate and family wealth advisory services. He has more than 15 years of experience as a fiduciary and wealth management executive. In his previous roles, he built and managed high-performing teams focused on the delivery of wealth management strategies to UHNW clientele, fostering collaborative partnerships through elevated fiduciary service. He earned a bachelor’s degree in English and business from Juniata College in addition to a law degree from Duquesne University and is active in regional nonprofit leadership.

Aloi is responsible for delivering insight into private markets, real assets, hedge fund strategies and other investment opportunities tailored for UHNW families and business owners. He has more than 35 years of experience in wealth management and holds his Chartered Financial Analyst® and Chartered Market Technician® designations. Aloi earned his bachelor’s degree at Indiana University of Pennsylvania and Master of Business Administration from the University of Pittsburgh.

Re-disseminated by Wealth and Society