Frank Campanale has joined Advanced Equities Financial Corp. as chairman and CEO of the firm's wealth management division. He previously ran his own consulting firm and, before that, was president and CEO of Smith Barney's consulting unit.
Frank L. Campanale has become the Chairman and Chief Executive Officer of the Wealth Management division of Advanced Equities Financial Corp. Mr. Campanale will oversee the expansion of a comprehensive wealth management suite of products and services to Advanced Equities' independent brokerage subsidiary, First Allied Securities, Inc. and its similarly labeled private client group.
Commenting on his new position, Mr. Campanale stated, “I'm excited and honored to have the opportunity to help lead a dynamic, astute and passionate wealth management company. I look forward to working with an incredibly talented group of people to build the most innovative and comprehensive wealth management platform in the industry. I'm confident that we will continue to build upon and enhance Advanced Equities' distinctive wealth management approach and make Advanced Equities/First Allied the partner of choice for entrepreneurial advisors committed to growing their business.“
In making the announcement, Dwight Badger, CEO and Co-founder of Advanced Equities Financial Corp., said, “Frank is a proven leader and an exceptionally qualified professional with more than 30 years of experience. He has a profound understanding of the investment management space. His joining the company is consistent with our goal of enhancing our position as one of the industry's premier money management firms and also exemplifies Advanced Equities'/First Allied's unwavering commitment to develop a superior investment and wealth management platform. We are delighted to welcome Frank aboard.“
Mr. Campanale, 57, joins Advanced Equities Wealth Management from Campanale Consulting Group, LLC, where he most recently was Chairman and CEO. From 1995 until 2004, he served as President and CEO of Smith Barney's Consulting Group.
He joined Smith Barney in 1975 and played an instrumental role pioneering the separate managed account and investment management consulting business globally.
Mr. Campanale is one of the founding members and is the current chairman of the Money Management Institute (MMI) and is the co-author of the recently released book Supply Shock. In 2002, Mr. Campanale received the Managed Account Pioneer and the Investment Management Consulting Award from MMI. He was also the recipient of the Global Fund Provider of the Year Award by Global Fund News. Mr. Campanale has served on the advisory board of Investment Management Consultants Association (IMCA), and on several other boards of directors including: Fetterlogic; Smith Barney Capital Markets Funds; Financeware; Wealthcare; The College of Creative Studies; The St. John Healthcare System; and Vestmark.
Advanced Equities Financial Corp. is a leading provider of investment management, securities brokerage and venture capital investment banking services through its subsidiaries: Advanced Equities, Inc.; First Allied Securities, Inc.; Advanced Equities Asset Management; and Advanced Equities Wealth Management. Combined, Advanced Equities companies represent one of the nation's top independent brokerage forces with about 1,000 financial advisors administering more than $30 billion in client assets.