Fifth Third Wealth Advisors Surpasses $2 Billion Milestone
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Fifth Third Wealth Advisors Achieves Major Milestone
Fifth Third Wealth Advisors, a prominent multi-custodial registered investment advisory firm, has reached a significant milestone of over $2 billion in assets under management (AUM) within a remarkably short span of less than six months after declaring its breakthrough of $1 billion in AUM.
Recognition Among Independent Registered Investment Advisors
In a notable achievement for the firm, independent research indicates that Fifth Third Wealth Advisors has secured a place among the top 500 independent registered investment advisors (RIAs) in the United States. This recognition underscores the firm's rapid growth and influence in the investment advisory landscape.
Growth and Future Projections
Reflecting on the growth trajectory, Eric Housman, president of Fifth Third Wealth Advisors, expressed optimism stating, "2024 has been a dynamic year for Fifth Third Wealth Advisors with strong growth in teams and assets under management. Based on our projections, we expect to be recognized as a top 100 independent RIA firm by the end of 2025."
Commitment to Empowering Teams
Housman elaborated on the firm’s commitment to fostering an environment where investment advisors can flourish. He mentioned, "Our path to growth is unlimited. Since the launch of Fifth Third Wealth Advisors less than two years ago, we’ve concentrated on empowering teams to thrive by creating a platform that offers independence, flexibility, and an extensive range of capabilities, technology, and operational support."
Geographic Reach of Advisor Teams
Currently, Fifth Third Wealth Advisors boasts eight dedicated advisor teams serving a diverse clientele spread across six states nationwide. Their primary offices are located in major cities including Naples and Tampa in Florida, Springfield in Illinois, Westchester in New York, Pittsburgh in Pennsylvania, Dallas in Texas, and Atlanta in Georgia. Regardless of their locations, advisors are adept at servicing clients from all corners of the country.
Expanding Opportunities for Advisors
With an increasing number of advisors seeking more autonomy, control, and the capacity to deepen their client relationships, Housman remarked, "We are observing a growing interest from advisors who are in search of the freedom to manage their practices more autonomously. Fifth Third Wealth Advisors is actively looking to onboard additional advisor teams across the nation in the upcoming months."
About Fifth Third Bank
The roots of Fifth Third Bank trace back to 1858, symbolizing a rich heritage intertwined with innovation. The institution has consistently focused on providing smart financial services that enhance the lives of individuals, families, businesses, and communities. With a commitment to ethical practices, Fifth Third has received recognition as one of Ethisphere’s World’s Most Ethical Companies for several consecutive years.
Further Engagement and Investor Information
Fifth Third Bank, National Association, operates as a federally chartered financial institution and serves as the indirect parent company of Fifth Third Bank. The common stock of Fifth Third Bancorp trades on the NASDAQ Global Select Market under the ticker symbol "FITB."
Frequently Asked Questions
What is Fifth Third Wealth Advisors' recent achievement?
Fifth Third Wealth Advisors has surpassed $2 billion in assets under management in a short period.
Where does Fifth Third Wealth Advisors rank among independent RIAs?
The firm ranks among the top 500 independent registered investment advisors in the United States.
What are the future projections for Fifth Third Wealth Advisors?
The firm aims to be in the top 100 independent RIA firms by the end of 2025.
How many teams does Fifth Third Wealth Advisors currently have?
Fifth Third Wealth Advisors currently operates with eight advisor teams across six states.
What is the history of Fifth Third Bank?
Fifth Third Bank has a long-standing history of innovation and has been serving clients since 1858.
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