Fifth Third Wealth Advisors (FTWA) announced it expanded its presence in Charlotte, North Carolina, with the addition of an advisor team that had been managing $2 billion in client assets.
The team includes Scott Bailey, Scott Cislo and Murray Kinlaw, who were each named a Managing Director for FTWA. While Kinlaw and Cislo are located in the new Charlotte office, Bailey is based in St. Louis.
“We are excited to welcome this team of dedicated and trusted professionals,” said Eric Housman, President of FTWA, whose parent company is Fifth Third Bank.
“Their expertise and commitment to excellence will further enhance our ability to serve clients.”
FTWA now has nine advisor teams with offices based in Naples and Tampa, Florida; Springfield, Illinois; Westchester, New York; Pittsburgh; Dallas; and Atlanta.
“At FTWA, we believe we offer the look, feel, and agility of an independent boutique, supported by a top-performing regional bank,” Housman said. “We allow our teams to dedicate more time to clients and strengthen client relationships.
We look forward to continuing our growth story. Based on our projections, Fifth Third Wealth Advisors is expected to be a top 100 independent RIA firm by the end of 2025.”
Fifth Third Bank launched FTWA in 2022, saying its goal was to recruit wealth management teams with books of business that exceed $1 billion.
In September, the FTWA announced that it surpassed $2 billion in assets under management (AUM), less than six months after it passed $1 billion in AUM. In May, the firm opened its Dallas office.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.
