The brand new wealth administration agency, created by former rivals, whose members beforehand managed $6 billion in shopper belongings, will provide an improved personal banking expertise, supplied by groups of extremely skilled specialists.
TAMPA, Fla., Aug. 15, 2022 /PRNewswire/ — High personal bankers from Wells Fargo and Financial institution of America immediately introduced that they’ve joined forces to launch Fidelis Capital, an advisor-owned wealth administration agency searching for to supply a superior personal banking expertise by surrounding purchasers with a various crew of monetary specialists who get to know every shopper personally so as to greatest present for his or her monetary wants.
The launch of Fidelis Capital brings collectively high groups from rival monetary establishments that joined as one to function a wealth administration agency. Collectively, the crew brings greater than 200 years of collective expertise working at personal banks and within the monetary trade.
With groups primarily based in each Tampa, FL and Dallas, TX, Fidelis Capital caters to pick out ultra-high-net-worth purchasers. The Fidelis groups will ship a tailor-made suite of companies to every shopper, offering entry to specialists in areas resembling funding and specialty asset administration, enterprise transition advisory companies, wealth, property, and tax planning, private threat administration, invoice pay and reporting, and fiduciary lending companies, amongst others. Fidelis Capital’s extremely skilled crew of advisors supplied considerate counsel and suggested on almost $6 billion in shopper belongings at their former employers.
“Prior to now few years, the personal banking mannequin has modified drastically,” stated Neale Ellis, CFA, CPWA®, Fidelis Capital Founding Accomplice & Co-Chief Funding Officer. “With the launch of Fidelis Capital, we’re on a mission to revive the entry to a crew of specialists and provides ultra-high-net-worth households, establishments, and different personal banking purchasers the type of crew that may handle not some, however all of their monetary issues, giving them again what cash cannot purchase—time!”
The advisor crew in Fidelis Capital’s Tampa workplace is led by Matthew Michaels, CFA, CFP®, a 25-year monetary companies skilled and one of many high ranked portfolio managers at Wells Fargo, and veteran associate Paul Ayotte, who has over 24 years of expertise, with the latest 18 years at Wells Fargo Non-public Financial institution as a Wealth Advisor.
“Collectively we now have 200 years of personal banking expertise and perceive that the easiest way to serve purchasers is to put money into the specialists that encompass these purchasers with the experience they want and guarantee they’ve entry to the most recent know-how, one of the best funding options, and different crucial instruments on the market,” added Founding Accomplice and Co-Chief Funding Officer Matthew Michaels, CFA, CFP®. “We’re dedicated to partnering with one of the best specialists throughout the trade that may assist us deliver to bear options that assist our purchasers in all points of their monetary affairs.”
Professionals working out of the Dallas workplace embody a extremely acknowledged asset administration crew together with Co-Chief Funding Officer Neale Ellis, CFA, CPWA® and President Matthew Ellis, CPWA®, each of whom are Founding Companions, and Relationship Supervisor Libby Fortress, CFA, CFP®.
Previous to the founding of Fidelis Capital, Neale Ellis was a Managing Director and Senior Portfolio Supervisor at Financial institution of America Non-public Financial institution (previously US Belief) the place he helped discovered and co-manage the Non-public Financial institution Managed Lively Core portfolio for 9 years. He began his monetary profession with Goldman Sachs and McKinnon and Firm after serving 12 years as a Floor Warfare Officer with the US Navy. Matthew Ellis, with 24 years of expertise within the monetary trade, was most not too long ago Managing Director at Wells Fargo Non-public Financial institution. His expertise additionally consists of time with Goldman Sachs, Smith Barney, Financial institution of America/US Belief after beginning his profession as a Naval Flight Officer with the US Navy.
Chief Govt Officer, Rick Simonetti, spent 22 years as Senior Managing Director of the Southern Area, in addition to Nationwide Head of Wealth Planning at Wells Fargo Non-public Wealth Administration, which gained the award for Finest Household Wealth Counseling within the 2021 Household Wealth Report Awards and named one of the best personal financial institution within the US for succession planning by Skilled Wealth Administration and The Banker Non-public Banking Awards 2020. He started his profession and spent 11 years at Deloitte as a Senior Tax Specialist.
“We’ve got cultivated one of the best expertise from throughout large banks like Goldman Sachs, Citibank, Wells Fargo, and Financial institution of America,” stated Founding Accomplice, Shopper Advisor Paul Ayotte. “With Fidelis Capital, we now have introduced the personalised service of personal banking into the impartial realm. I stay up for working with our groups right here in Tampa and in Dallas to ship a differentiated strategy to ultra-high-net-worth purchasers, establishments, and household workplaces.”
About Fidelis Capital
Fidelis Capital is a wealth administration agency that gives a real personal banking expertise. Based by former personal bankers from Wells Fargo and Financial institution of America, Fidelis Capital is the main wealth administration agency launched by principals from rival establishments. With principal workplaces in each Tampa, Florida, and Dallas, Texas, Fidelis Capital serves underneath 200 households. For extra info, go to www.fideliscapital.com.
Advisory companies provided by way of Fidelis Capital Companions, LLC., an Funding Adviser registered with the U.S. Securities & Trade Fee. Please discuss with our ADV brochure for a whole description of companies provided by way of Fidelis and for a whole description of charges.
SOURCE Fidelis Capital