Page 25 - Investment Advisor - November 2023

Executive Leadership

Private Advisor Group IndIvIdUALs
In March 2022, Private Advisor
Group introduced the Advisor Asset/Portfolio Management & Custodial Firms
Alignment and Equity Program to provide advisors an opportu-
nity to participate in a jointly owned Growth Partnership entity. Claire santaniello, BnY Mellon | Pershing
Participants sell a portion of revenue for upfront cash and equity. In Over her 30-year career at BNY Mellon’s Pershing,
turn, they gain access to additional working capital to fund growth Santaniello has been a long-time member of
opportunities. They also receive a review of short- and long-term Pershing’s executive committee and has held sev-
business goals and an assessment of practice plans, expenses, and eral key leadership roles, and now is head of
business health. This program provides advisors with direct eco- operations, trading and India services. She is a strong advocate
nomic interest in the overall Private Advisor Group community for women and ethnic minorities, pushing managers to mindfully
and serves to elevate and expand the value of their practice. implement inclusive practices and to create impactful develop-
ment plans. Santaniello has created a culture of focusing on the
Wealthstream Advisors client experience, implementing ways to reduce touchpoints and
Wealthstream Advisors deliver more straight-through processing, which allows clients
spends a lot of time on its culture. The firm offers a competitive and teams to focus on more critical tasks.
employee benefits package that enables team members to achieve
better work-life balance. The core of its benefits is offered through Broker-dealers
a professional employer organization, which enables the firm to
offer benefits typically seen only at large companies. In the last nancy Fahmy, Bank of America
year, Wealthstream increased staff by 30% in a difficult market Fahmy is sole head of Bank of America’s invest-
environment, believing in hiring in advance of growth to build a ment solutions group, responsible for the manage-
pipeline of future leaders. The current management team now ment of traditional and alternative investments,
includes three second-generation leaders and a recently added capital markets and fiduciary platforms for BofA
third-generation leader. and Merrill’s $4 trillion in client assets. She also leads investment

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A STORY OF INSPIRED VISION
Eric Schwartz

From the very beginning, Eric's vision was simple.
Treat people well.
Hear Eric's full story at
www.joincambridge.com/discover

November 2023 Investment AdvIsor 23