ACE names business veterans J.P. Connellan as CEO and Melanie Warner as COO and Head of Enterprise Improvement
BERWYN, Pa., Oct. 25, 2023 /PRNewswire/ — Advisor Credit score Alternate (ACE) at this time introduced management adjustments that may drive the corporate’s imaginative and prescient, development, and strategic initiatives. J.P. Connellan joins ACE as CEO and Melanie Warner joins as COO and Head of Enterprise Improvement. Former CEO and co-founder Peter Stanton has determined to step down from his function and can stay as a strategic advisor, persevering with to be concerned in key consumer relationships and strategic alliances.
Beforehand, Mr. Connellan and Ms. Warner held senior positions at UBS, the place they established the agency’s Impartial Advisors Options Staff. Collectively they helped launch a strategic initiative between UBS and ACE, whereby the advisors on ACE’s platform can entry UBS’s money administration options to assist handle their shoppers’ property and liabilities. This initiative will proceed below this new administration construction.
Different management appointments embrace Brett Barnes as Head of Enterprise Improvement for the Western Division and Justin Taylor as Head of Enterprise Improvement for the Japanese Division. Moreover, Jack McDonough joins the ACE crew as a Enterprise Analyst supporting enterprise improvement efforts. Messrs. Barnes, Taylor, and McDonough additionally come to ACE from UBS’s Impartial Advisors Options Staff.
“Having had the privilege to work carefully with ACE over the previous yr, I’m impressed by the innovation that defines this group,” mentioned Mr. Connellan. “We stay up for increasing our strategic relationships, enhancing our consultative companies, and taking ACE to the following degree.”
“J.P. has labored extensively with ACE’s board for the previous yr, demonstrating a profound understanding of ACE’s firm dynamics and future alternatives,” mentioned Wealthy Aneser, Chief Technique Officer at Envestnet. “His strategic imaginative and prescient and confirmed observe document for driving enterprise outcomes are precisely what ACE must propel the corporate ahead.”
The ACE management crew appears to be like ahead to increasing ACE’s relationships with advisors and suppliers of lending and money administration merchandise by deepening the engagement mannequin and broadening the set of options accessible via the platform.
ACE gives entry to securities-backed strains of credit score, residential actual property and signature (unsecured) loans, industrial lending and lending on different asset courses from prime lenders as nicely money administration options. ACE’s know-how additionally powers the Envestnet Credit score Alternate. ACE stays dedicated to turning into the premier banking and lending know-how platform within the wealth administration business to assist advisors develop their practices and meet their shoppers’ wants.
For extra data, please go to www.advisorcreditexchange.com.
About Advisor Credit score Alternate
Advisor Credit score Alternate (ACE) gives a know-how platform that connects banks, lenders and wealth managers, enabling funding companies and advisors to entry lending and money administration options to construct their shoppers’ web price and meet their monetary objectives. By integrating entry to money and credit score administration options from main suppliers with wealth administration platforms, ACE creates new alternatives for advisors to assist their shoppers obtain monetary wellness.
For extra data on Advisor Credit score Alternate, please go to www.advisorcreditexchange.com and observe us on LinkedIn.
Envestnet is reworking the best way monetary recommendation is delivered via an ecosystem of know-how, options and intelligence. By establishing the connections between individuals’s day by day monetary choices and long-term monetary objectives, Envestnet empowers them to make higher sense of their funds and reside an Clever Monetary Life™. With greater than $5.4T in platform property – greater than 107,000 advisors, 16 of the 20 largest U.S. banks, 47 of the 50 largest wealth administration and brokerage companies, greater than 500 of the biggest RIAs, and hundreds of corporations, rely on Envestnet know-how and companies to assist drive higher outcomes for his or her companies and for his or her shoppers.
Envestnet refers back to the household of working subsidiaries of the general public holding firm, Envestnet, Inc. (NYSE: ENV). For extra data, please go to www.envestnet.com, and observe us on LinkedIn and X (@ENVintel). Neither ACE nor Envestnet gives mortgage merchandise or money administration merchandise or makes lending or money administration choices. The funding and administration of all loans and the administration of all money administration merchandise is undertaken by separate monetary establishments.
ACE shouldn’t be registered with any authority as a broker-dealer or an funding adviser. ACE doesn’t present any monetary, funding, tax or authorized recommendation or make any suggestions with respect to any banking, lending, money administration or different monetary merchandise, nor does ACE promote, solicit, provide or promote any monetary merchandise. ACE’s platform is made accessible for monetary professionals’ use solely.
Envestnet, Inc. has a monetary curiosity and occupies board of director positions in ACE.