US Wealth Management has appointed Christian Widen as managing director and head of corporate development, effective immediately.
Widen will be based out of New York City and report directly to John Napolitano, chief executive officer of US Wealth Management.
Widen will lead strategy and execution around the recruitment of independent financial advisory practices throughout the nation to the fast-growing US Wealth Management platform, which provides a comprehensive spectrum of resources necessary to independent advisors seeking to grow their practices, including turnkey asset management capabilities, back and middle office support, practice management, advanced marketing support, tailored coaching for growth and business succession planning.
Widen’s focus is on adding fee and commission-based independent financial advisory practices with approximately USD50m to USD100m in assets under management (AUM) to US Wealth Management. The firm expects to reach at least USD1bn in total advisory/brokerage recruited AUM by the middle of next year.
Widen brings 16 years of industry experience across multiple leading broker-dealer and custodial platforms to US Wealth Management. Most recently, he served as a director at Pershing Advisor Solutions, where he delivered highly customised solutions on a consultative basis to financial advisors on trading technologies, capital markets solutions, portfolio management systems and practice management and succession planning strategies. Previously, Widen served in senior roles supporting financial advisors with RBC Advisor Services, J.P. Morgan and Fidelity Institutional Wealth Services. He has also served in the past as a branch manager with US Wealth Management’s offices in the Greater Boston area.
Napolitano says: "We are delighted to welcome Christian back to our firm after his 13 years of building and leading winning advisor recruiting and sales support strategies across top platforms in the industry. Christian’s decision to rejoin us validates both our robust growth over the years, as well as the enormous progress we have made in building a platform that combines all of the elements the independent advisor requires in today’s fast-changing marketplace to build a successful practice. His unparalleled industry expertise makes him an ideal fit with US Wealth Management as we initiate a new chapter of continued growth for our firm."
Widen says: "I am very excited to bring my 16 year career within the broker-dealer and custodial industry full circle as I rejoin a team that has the right vision, the right resources and the right plan for building the top network of independent financial advisors in the country. Growth-oriented advisors today are seeking a unique set of capabilities: Choice and flexibility in accessing top multiple custodial providers simultaneously for fee-based work; a broker-dealer partner with resources that are second to none for empowering commission-based investment strategies; and turnkey asset management and practice management support that is highly customised because it is truly ‘home grown’ within the network’s platform. US Wealth Management provides all of this, together with a culture of service and accessibility to its top leaders that makes this firm a very attractive destination for independent advisory practices everywhere."