Investment and wealth management firm Glenmede announced Monday it will establish a private wealth office in Pittsburgh.
As part of the Philadelphia-based company’s targeted regional expansion strategy, the new office will serve the western part of Pennsylvania.
“Pittsburgh and the Western Pennsylvania region is especially appealing to Glenmede given its economic growth characteristics and private wealth demographics,” said Susan Mucciarone, Executive Director for Private Wealth. “In addition, we’re excited to build upon our existing network of clients and advisors in the region while rounding out our strong geographic presence in Pennsylvania and Ohio and along the East Coast.”
Mark Busher, Pittsburgh regional director, will lead the new office, and the team will report to Adam Douberly, Director of Expansion Markets for Private Wealth.
“We believe clients in the region will benefit from Glenmede’s longstanding commitment to personal service, our deep investment, fiduciary and family wealth planning resources, and our highly professional culture,” Douberly said. “Glenmede maintains its focus on serving families, foundations, and endowments with distinction, and we are excited by what our exceptional team brings to clients in the Pittsburgh metropolitan area and beyond.”
Busher will be responsible for Glenmede’s Pittsburgh business and for advancing the company’s growth strategy for the region. Joining him will be a full private wealth team consisting of Francis Aloi, vice president and relationship manager – Portfolio Management; Benjamin Ciocco, vice president and relationship manager – Wealth Advisory; and Richard Yurasko, vice president and relationship manager – Wealth Administration.