At a glance
- Beacon Trust is a wholly owned subsidiary of Provident Bank.
- Beacon Trust reported $4.4 billion in regulatory assets, 51 employees and 2,939 accounts in its Form ADV filed July 27, according to Form ADV filings with the SEC.
- Relationship managers at Beacon Trust now answer to a growth head whose most recent PNC role centered on coaching and training programs built to lift relationship-manager productivity.
Tristan Harding, most recently director of sales strategy and execution at PNC Private Bank, joined Beacon Trust as managing director and head of relationship management and growth, the firm announced Nov. 9. Beacon Trust is a wholly owned subsidiary of Provident Bank. Harding reports to Anna Vitelli, Provident's executive vice president and chief wealth officer and Beacon's president. He will run growth strategy, business development and relationship management, with targets of assets under management, revenue and client retention.
Beacon Trust reported $4.4 billion in regulatory assets, 51 employees and 2,939 accounts in its Form ADV filed July 27, according to Form ADV filings with the SEC. On those figures, the average account holds about $1.5 million.
Relationship managers at Beacon Trust now answer to a growth head whose most recent PNC role centered on coaching and training programs built to lift relationship-manager productivity. The mandate to expand referral channels with Provident Bank likely points to the parent bank as a source of new clients. PNC Private Bank has also lost a $1.5 billion advisor trio to Raymond James, as Private Wealth Daily previously reported.
Reported by the Moves desk from GlobeNewswire, Form ADV (SEC IAPD) and Private Wealth Daily Moves Wire. Published . Corrections