The initiative, branded as F.N.B. Private Family Wealth, arrives as the bank looks to leverage its $51 billion asset base to provide high-touch advisory services. The new unit offers a comprehensive menu of strategies, including succession planning, tax optimization, and access to alternative investments. These services are designed to function as a concierge layer, connecting clients to the bank’s broader suite of mortgage, insurance, and digital banking tools.
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F.N.B. Corporation Scales Wealth Advisory for Elite Clients
Pittsburgh-based F.N.B. Corporation is sharpening its focus on ultra-high-net-worth individuals, launching an expanded division dedicated to multigenerational financial planning. By integrating specialized investment banking with private family wealth services, the firm aims to capture a larger share of the complex asset management market.
To anchor the operation, the firm recruited two industry veterans with a combined 50 years of experience. Benjamin J. Ciocco, a former fiduciary executive with over 15 years in the field, now serves as Director of Family Wealth and Fiduciary Services. Frank J. Aloi, a Chartered Financial Analyst with three decades of market expertise, joins as Chief Market Strategist. According to Vincent Delie, Chairman and CEO of F.N.B. Corporation, the move is intended to provide the tailored guidance necessary for families navigating complex financial transitions across generations.
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