The Anderson Search Group | February 2024 Updates

We are already halfway through the first quarter of 2024 and the demand for talented HNW and UHNW private wealth professionals continues to rise among clients across the country. If you are a private banker, wealth advisor, trust BDO, wealth strategist, private client advisor, or senior wealth executive, please reach out to us immediately.

Jeremy Anderson | President & CEO
Connect on LinkedIn | About Jeremy

Navigating the Challenges of Private Wealth Staffing

Are you prepared to tackle the intricate maze of private wealth staffing hurdles? Amidst the ever-evolving landscape of financial services, how can you ensure your firm stays ahead of the curve in talent acquisition and retention? From navigating the complexities of succession planning to fostering a culture of diversity and inclusion, the challenges in private wealth staffing are multifaceted and demand a strategic approach. As you navigate these topics, new insights and strategies will emerge, shedding light on the path to sustainable success in this highly competitive industry. Read More

Strategies for Retaining Top Talent in Private Wealth Management

Like a captain navigating through turbulent waters, you must steer your private wealth management firm towards strategies to help retain your top talent. By implementing innovative leadership development programs, fostering a culture of recognition, and prioritizing employee well-being, you can create a workplace where excellence thrives. But what about the secret ingredient that ties it all together, the key that unlocks the full potential of your team? Stay tuned as we unravel this crucial element that can make or break your quest for a high-performing workforce.
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Wealth Advisor –                      Los Angeles, California

• Clean U4 and Series 7, 6 and 63 or 66, and Life and Health Insurance
• CFP preferred but not required
• Proven ability to have built their own book of business to at least $60 million AUM in fee based business
• Experience with high-net worth clients preferred
• Experience with utilizing internal bank channels and partners preferred

Wealth Advisor –
Las Vegas, Nevada

• Clean U4 and Series 7, 6 and 63 or 66, and Life and Health Insurance
• CFP preferred but not required
• Proven ability to have built their own book of business to at least $60 million AUM in fee based business
• Experience with high-net worth clients preferred
• Experience with utilizing internal bank channels and partners preferred

Senior Vice President Private Banker – Irvine, California

• 5+ years private banking experience
• Credit training
• Series 7, life and health insurance licensed (life and health can be obtained post hire)
• Proven ability to generate new loans, deposits and fee income from their own existing external network and centers of influence

Director, Private Banking – Little Rock, Arkansas

• 7+ years private banking/private client operational and leadership experience
• Demonstrated ability to successful design, launch and operate the private bank/private client platform for a bank – build out private bank playbook, build out policies and procedures, dashboards/KPI’s
• CFP strongly desired
• Role is based in Little Rock, Arkansas – must either live there or be able to relocate there – no remote or hybrid

Private Banker – Houston, TX

• 5+ years of private banking experience in the Houston market
• 2023 production: $42.5 million in loans, $13 million in deposits, $5 million AUM – production is 50% self-sourced
• Average client size is $1 million+ in investable assets
• Circles of influence include private equity firms, hedge fund companies, C-Suite executives in the tech industry and the oil/gas industry, and professional athletes
• Base $135k

Private Wealth Team –
Southern California

• 4 person team including producing leader, wealth advisor, private bankers
• $400 million in investment management AUM
• $300+ million in loans outstandings
• Generating $16 million in revenue annually

C&I Banking Team –
South Florida

• Market Executive with 20+ years commercial banking experience in the upper end of business banking to lower middle market – Pure C&I
• Deep network, centers of influence and community involvement in Miami-Dade, Broward, and Palm Beach counties
• Team built a portfolio to $250 million in loan commitments and $500 million in deposits in under 4 years
• Loan portfolio is 100% self-funded
• Each banker consistently meets or exceeds a $700k revenue goal annually
• Client sizes range between $25 million – $200 million in annual revenue
• Sweet-spots for deals s is $5 million – $8 million, but have extensive experience with deals up to $20 million
• Clients include wholesalers, distribution companies, import/export companies, contractors, service providers, law firms
• Market Executive holds an ICA certificate in AML & Sanctions
• He can move 1-3 bankers
• Confident he can move $50 million – $60 million in loans, and $30 million – $40 million in deposits in the first 12 months

Austin Trust Business Development Officer

• 15+ years of experience in Senior Trust Officer and Fiduciary Risk roles
• Proven record of self-sourcing and developing new Trust business
• He grew his current portfolio from $20 million- $55 million in 1 year, with 70% of that being self-sourced entirely new business and 30% from mining the current book.
• He does have experience working on very large Trust books in excess of $100 million.
• He is very talented on the technical side, he has his JD, he practiced law before his banking career. He was in a hybrid role for many years covering the banks entire estate planning group, coaching and training, mitigating risk, and working with outside counsel on trust litigation issues.
• He has 15 years of experience working with HNW clients between $500k – $5 million in investable assets.
• COI’s are Attorneys and CPA’s
• Base $170k

For Clients – Winning the War for Talent

Prior to your start date, review this video designed to accelerate your on boarding process and quickly establish rapport and credibility. We are pleased to offer this video to our clients and candidates and is part of our search process. Our recruiters are always available as a resource to you. Learn More

Challenge

In an effort to take their Trust and Wealth Division to the next level through exceptional customer service and enhanced business development, one of the top Super-Community banks in the country, over $25bn in assets and ranked at top of their class in performance, needed to identify an elite Wealth Management Executive to lead this expansion.

Solutions

Client engaged The Anderson Search Group because of their extensive network of Private Wealth Management Executives across the country to find the ideal candidate matching an extremely specific search criteria and also able to relocate to their headquarters.

Results

Due to an aggressive canvassing of talent and surgical qualifying, The Anderson Search Group was able to identify, qualify and present the ideal candidate well within the desired timeline.

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We are a Boutique Commercial Banking and Private Wealth Executive Search Firm specializing in placing elite commercial banking and private wealth talent with the nation’s finest financial institutions.

www.andersonsearch.com