ACE names industry veterans J.P. Connellan as
CEO and Melanie Warner as COO and Head of Business
Development
BERWYN,
Pa., Oct. 25, 2023 /PRNewswire/ -- Advisor
Credit Exchange (ACE) today announced leadership changes that will
drive the company's vision, growth, and strategic initiatives.
J.P. Connellan joins ACE as CEO and Melanie Warner joins as COO and Head of
Business Development. Former CEO and co-founder Peter Stanton has decided to step down from his
role and will remain as a strategic advisor, continuing to be
involved in key client relationships and strategic alliances.
Previously, Mr. Connellan and Ms. Warner held senior positions
at UBS, where they established the firm's Independent Advisors
Solutions Team. Together they helped launch a
strategic initiative between UBS and ACE, whereby the advisors
on ACE's platform can access UBS's cash management solutions to
help manage their clients' assets and liabilities. This initiative
will continue under this new management structure.
Other leadership appointments include Brett Barnes as Head of Business Development
for the Western Division and Justin
Taylor as Head of Business Development for the Eastern
Division. Additionally, Jack
McDonough joins the ACE team as a Business Analyst
supporting business development efforts. Messrs. Barnes, Taylor,
and McDonough also come to ACE from UBS's Independent Advisors
Solutions Team.
"Having had the privilege to work closely with ACE over the past
year, I am inspired by the innovation that defines this
organization," said Mr. Connellan. "We look forward to expanding
our strategic relationships, enhancing our consultative services,
and taking ACE to the next level."
"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," said Rich
Aneser, Chief Strategy Officer at Envestnet. "His
strategic vision and proven track record for driving business
results are exactly what ACE needs to propel the company
forward."
The ACE leadership team looks forward to expanding ACE's
relationships with advisors and providers of lending and cash
management products by deepening the engagement model and
broadening the set of solutions available through the platform.
ACE provides access to securities-backed lines of credit,
residential real estate and signature (unsecured) loans, commercial
lending and lending on alternative asset classes from top lenders
as well cash management solutions. ACE's technology also
powers the Envestnet Credit Exchange. ACE remains committed to
becoming the premier banking and lending technology platform in the
wealth management industry to help advisors grow their practices
and meet their clients' needs.
For more information, please visit
www.advisorcreditexchange.com.
About Advisor Credit Exchange
Advisor Credit Exchange (ACE) offers a technology platform that
connects banks, lenders and wealth managers, enabling investment
firms and advisors to access lending and cash management solutions
to build their clients' net worth and meet their financial goals.
By integrating access to cash and credit management solutions from
leading providers with wealth management platforms, ACE creates new
opportunities for advisors to help their clients achieve financial
wellness.
For more information on Advisor Credit Exchange, please visit
www.advisorcreditexchange.com and follow us on LinkedIn.
About Envestnet
Envestnet is transforming the way financial advice is delivered
through an ecosystem of technology, solutions and intelligence. By
establishing the connections between people's daily financial
decisions and long-term financial goals, Envestnet empowers them to
make better sense of their finances and live an Intelligent
Financial Life™. With more than $5.4T in platform assets – more than 107,000
advisors, 16 of the 20 largest U.S. banks, 47 of the 50 largest
wealth management and brokerage firms, more than 500 of the largest
RIAs, and thousands of companies, depend on Envestnet technology
and services to help drive better outcomes for their businesses and
for their clients.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For more
information, please visit www.envestnet.com, and follow us on
LinkedIn and X (@ENVintel). Neither ACE nor Envestnet offers loan
products or cash management products or makes lending or cash
management decisions. The funding and administration of all
loans and the administration of all cash management products is
undertaken by separate financial institutions.
ACE is not registered with any authority as a
broker-dealer or an investment adviser. ACE does not provide any
financial, investment, tax or legal advice or make any
recommendations with respect to any banking, lending, cash
management or other financial products, nor does ACE advertise,
solicit, offer or sell any financial products. ACE's platform is
made available for financial professionals' use only.
Envestnet, Inc. has a financial interest and occupies board of
director positions in ACE.
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SOURCE Envestnet