The Anderson Search Group | October 2023 Updates
As we head into the fourth quarter of 2023, we continue to see a demand for credit trained, business developing Private Bankers across the United States. We also continue to see the need for Wealth Advisors interested in leaving their firms and coming to a bank where they can utilize the bank’s internal referral business to generate new investment AUM. There still is, and will always be, interest in Commercial Lenders with strong credit skills and the ability to build a book from scratch.
Jeremy Anderson | President & CEO
Connect on LinkedIn | About Jeremy
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In the world of entertainment, top actors and artists have agents who represent them, ensuring they get the best roles, and the best contracts, and are presented in the best light.
In finance and banking, top producers deserve an advocate. Read More
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In commercial banking and private wealth management, the importance of having the right people on your team cannot be overstated. These industries are driven by trust, reputation, and expertise – and the professionals behind the scenes are at the heart of it all. Read More
Private Wealth Advisor –
West Palm Beach, FL
- 7+ years experience developing new business in the High Net Worth and Ultra High Net Worth space in West Palm Beach – client is not open to relocation candidates.
- Deep ties to West Palm Beach affluent communities and well established network of contacts and centers of influence in order to bring in new clients $3 million in net worth and above, new AUM, and new loans and deposits
- Proven track record for exceeding AUM and revenue goal with previous firm(s)
- Ability to lead with investments, planning, insurance or loans/deposits
Senior Private Banker-
Chicago, IL
- Formal Credit Training
- 10+ years experience in custom credit underwriting and structuring for high-net-worth individuals and 3+ years developing new business in the high net worth arena focused on loans, deposits, investment AUM and planning.
- Proven track record and ability to bring in HNW new loans, deposits, investment AUM and planning revenue using their own external centers of influence – not relying on internal referrals.
- Entrepreneurial spirit and drive to build a business.
- Well rounded, holistic approach to HNW wealth management solution selling – we are not interested in candidates ONLY focused on a single area of wealth – must be able to sell all solutions.
- Community and board involvement with pockets of wealth in and around the Chicago market.
Senior Private Banker –
New York, NY
- Formal Credit Training
- 10+ years experience in custom credit underwriting and structuring for high-net-worth individuals and 3+ years developing new business in the high net worth arena focused on loans, deposits, investment AUM and planning.
- Proven track record and ability to bring in HNW new loans, deposits, investment AUM and planning revenue using their own external centers of influence – not relying on internal referrals.
- Entrepreneurial spirit and drive to build a business.
- Well rounded, holistic approach to HNW wealth management solution selling – we are not interested in candidates ONLY focused on a single area of wealth – must be able to sell all solutions.
- Community and board involvement with pockets of wealth in and around the New York City market.
Senior Vice President – Market Executive
– Dallas, Texas
- Industry leading benefits – Medical, Dental, Vision, 401K, Flex Spending Accounts
- Pet Insurance
- Enhanced Family Leave
- Employee Assistance Program
- Brooks Brothers Discount
- Microsoft Home User Program
- NEOU – The latest and greatest in real-time and on-demand fitness offerings for the whole family
- 5 years+ experience managing and growing multiple retail branch locations
- Proven ability to coach branch managers and improve loan and deposit balances of multiple retail locations
- Ability to travel between multiple locations in DFW
- High energy and entrepreneurial spirit
C&I Lender in Kansas City, MO
- 14 Years of combined Treasury Management Sales and Commercial Banking Experience
- Made successful transition from Treasury Management to Commercial Banking and landed a syndication and swap generating $2 million in revenue
- Brought in $100 million in deposits and a new logo
- 2021 from March to December closed $15 million in new fundings and 1 new relationship
- 2022 from January to August closed $90 million in new fundings and 3 new relationships, over $280k in new loan fees and $2 million in new balances
- 2022 from August to December with new bank closed a $4 million new equipment line and $40 million in new balances
- 2023 1 new business relationship and 100 million in new balances. Had $75 million in new funding pipeline and $1.5 million in new treasury management pipeline Closed $100k of new treasury management pipeline
Commercial Lender in Los Angeles, CA
- Years experience: 10+ years experience
- Portfolio consisted of privately held companies with revenues from $30MM to $500MM across various industries; manufacturers, distributors, professional services, contractors (govt.), apparel, food wholesalers, non-profits, commercial RE property managers.
- Acquired, grew, and retained profitable relationships: Sourced $50MM in Credit opportunities, 50% deposit growth, and 10% non-interest income growth.
- Continued to cross sell with extensive product knowledge including traditional lending C&I, Cash Flow, ABL, Commercial RE and depository and TM products, CDs, MMAs, hybrid and sweep multi bank accounts, FX solutions, commercial credit card, and others.
- Continued sales and marketing focus developing quality referral sources; 150 in-person meetings in the last 12 months and first place providing referrals to private and business banking in Q2-2023.
Wealth Strategist – Philadelphia
- Years experience: 22 years in Fiduciary/Trust planning roles
- Size of average client: $50 million net worth – $10 million minimum liquid
- Retention: 100% – roughly 80 relationships with 60 trusts but varied trustees, some individual and some corporate
- Goals: $1.5 million new revenue goal and he did $2.6 million – Additional information:
- Referrals led to 4 new clients in 2022 all of which were over $10 million
- Can move over $200+ million of assets
Meeting the Hiring Needs of a Multi-Billion Dollar Client
A prominent multi-billion dollar client had an urgent need to identify a high-level executive for a role within their company. They understood the importance of having the right executive in place to drive their business strategy and ensure their long-term growth and success. The client operates in a highly competitive market recognizing the critical importance of filling this role quickly and effectively.
The Anderson Search Group successfully presented a strong pool of top-tier candidates for the client’s consideration. Their dedication to providing exceptional service and achieving high levels of satisfaction from all parties involved. Thanks to the Anderson Search Group’s efforts, the client was able to make an informed hiring decision and secure the services of a highly qualified candidate. Read More
Download The Anderson Search Group
Compensation Guide
What are competitive salaries in Commercial Banking and Private Wealth?
To assist Commercial Banking and Private Wealth institutions in remaining competitive and current, The Anderson Search Group has produced this guide, which aids employers in evaluating their compensation rates and implementing adjustments to enhance both retention and hiring efforts.
Read our salary report now. Available via instant download.
About The Anderson Search Group
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.