Pittsburgh-based F.N.B. Corporation announced it will enhance its Family Wealth offering from ultra-high-net-worth clients with additional investment in specialized advisory services and advanced solutions.
Led by veteran wealth management professionals, the F.N.B. Private Family Wealth offering will support clients with long-term and multigenerational financial objectives, the corporation said. The company has hired Benjamin J. Ciocco as Director of Family Wealth and Fiduciary Services, and Frank J. Aloi as Chief Market Strategist for Family Wealth.
“This elite wealth advisory office is a valuable resource for clients whose complex financial needs require tailored guidance and comprehensive solutions,” Vincent Delie, Chairman, President and CEO of F.N.B. Corporation and its largest subsidiary, First National Bank, said. “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.”
FNB was able to offer the expansion due to FNB’s growth, with specialization delivering comprehensive strategies in traditional investment management, alternative investments, wealth preservation and transfer, tax optimization and succession planning. The team will also serve as a concierge to connect clients with FNB’s full range of offerings, like Private Banking, Mortgage and Insurance, enhanced by an industry-leading suite of digital services.
Ciocco oversees FNB’s expanding fiduciary, estate and family wealth advisory services, and will use his more than 15 years of experience as a fiduciary and wealth management executive, focused on delivering wealth management strategies to ultra-high-net-worth clientele, fostering collaborative partnerships through elevated fiduciary service.
Aloi has more than 35 years of experience in wealth management and will be responsible for delivering insight into private markets, real assets, hedge fund strategies and other investment opportunities tailored for ultra-high-net-worth families and business owners.