Advisor Credit Exchange has added two former UBS senior leaders as its new CEO and COO.
The tech platform that enables investment firms and advisors to access lending and cash management solutions was co-founded by Peter Stanton, who has decided to step down as chief executive but will remain with the firm as a strategic advisor and will be involved in key client relationships and strategic alliances.
Succeeding Stanton is J.P. Connellan, who joins the firm from UBS along with Melanie Warner, who is the new chief operating officer. Both held senior roles at UBS and helped establish the global asset manager’s independent advisor solutions team.
Envestnet is an investor in Advisor Credit Exchange and ACE's technology also powers the Envestnet Credit Exchange. Rich Aneser, chief strategy officer at Envestnet, says Connellan will be good for the business.
"J.P. has worked extensively with ACE's board for the past year, demonstrating a profound understanding of ACE's company dynamics and future opportunities," Aneser said. "His strategic vision and proven track record for driving business results are exactly what ACE needs to propel the company forward."
Connellan and Warner also helped establish a strategic partnership between UBS and ACE to enable advisors using ACE’s platform to access UBS’s cash management solutions. The initiative will continue.
"I am inspired by the innovation that defines this organization," said Connellan. "We look forward to expanding our strategic relationships, enhancing our consultative services, and taking ACE to the next level."
ACE has also announced some other leadership appointments, all joining through UBS’ independent advisors solutions.
Brett Barnes joins as head of business development for the western division while Justin Taylor joins as head of business development for the eastern division. Finally, Jack McDonough joins the ACE team as a business analyst supporting business development efforts.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
