Brendan Krebs has a brand new house at PNC Financial institution, just one week after leaving his position as head of advisor recruiting at Wells Fargo.
Krebs will lead the Wealth Advisor staff at PNC Investments, reporting to President and CEO Richard Guerrini and figuring out of PNC’s Boston workplace.
“Brendan’s distinctive mixture of advisory, recruiting and management expertise will make sure the Wealth Advisor staff inside (PNC Investments) is exceptionally well-positioned to serve our present and new mass-affluent shoppers,” Guerrini stated.
Krebs will concentrate on wealth advisors working with mass prosperous shoppers, which coincides with the agency’s higher concentrate on that shopper section. In a press release concerning the transfer, Krebs stated advisors had been the “spine” of the agency’s enterprise mannequin and he supposed to construct out the advisor staff to serve the agency’s present and future shoppers.
Final week, Krebs left Wells Fargo, the place he was a managing director, head of advisory recruiting and head of advisor acquisition and integration for the wirehouse’s wealth and funding administration division. Although he held the place for lower than a yr, he labored on the firm for 9 years, together with serving as a regional enterprise director and market chief, based on his LinkedIn profile.
He joined the trade as a monetary advisor at Merrill Lynch in 1999, with stints at Fisher Investments and several other impartial corporations earlier than becoming a member of Wells Fargo in 2015.
James Craven, Wells Fargo’s head of nationwide gross sales, is overseeing advisor recruiting on the wirehouse till they discover a everlasting alternative. In an electronic mail to WealthManagement.com, Wells Fargo Advisors Head Sol Gindi stated he regarded ahead to the agency’s “continued momentum” with Craven.
