William Blair Expands Private Wealth Management Team in Philadelphia With Three Veteran Advisors
May 13 2024 - 5:21PM
Business Wire
William Blair, the premier global boutique with expertise in
investment banking, investment management, and private wealth
management, announced today the expansion of the firm’s Private
Wealth Management presence in Philadelphia with the addition of
Fernberger Wealth Management. The team is led by managing director,
wealth advisor James Fernberger, and includes Alex Fernberger and
Zach Fernberger, also joining as managing directors, wealth
advisors. The group was most recently with Raymond James, where
they had $1.2 billion in client assets.
“The addition of Jim, Alex, and Zach continues our growth
trajectory with a multigenerational team of veteran advisors,” said
Ryan DeVore, head of Private Wealth Management at William Blair.
“The group’s commitment to their clients and understanding of their
goals helps them tailor their investment guidance and wealth
planning expertise.”
Jim Fernberger’s career spans 45 years of advising
high-net-worth individuals, executives, family offices, endowment
funds, nonprofits, and corporations in the management and
preservation of their assets. Before joining Raymond James, Jim
held senior wealth management roles at Merrill Lynch and Advest,
Inc. As team lead, Jim is responsible for development of
personalized solutions for sophisticated investors and client
service, supported by the group’s team: business manager Jeannie
Schneider, senior client relationship associate Jennifer
Dreibelbis, and sales associate Eileen Gravinese.
For more than 10 years Alex Fernberger has been advising
individuals, families, and businesses on their short- and long-term
wealth planning goals; before Raymond James, he served at Merrill
Lynch. Zach Fernberger offers more than 10 years of wealth advisory
experience with high-net-worth individuals, families, and
organizations, offering customized investment strategies. In
addition to Raymond James, he was a financial professional at
WisdomTree Asset Management and AXA Advisors, and holds his
Accredited Investment Fiduciary and Certified Wealth Strategist
certifications.
“We are thrilled to join Private Wealth Management at William
Blair, a respected firm that combines a comprehensive, independent,
and growth-minded platform with the hands-on approach and culture
of a boutique,” the Fernbergers said in a joint statement. “William
Blair will offer our team access to holistic resources and unique
investment opportunities while supporting our delivery of the
highest level of service to our clients.”
With approximately $70.3 billion in private wealth assets as of
March 31, 2024, William Blair’s wealth management business has
substantially expanded in the past decade, including the addition
of advisors in Atlanta, Baltimore, Beverly Hills, Boston, Denver,
New York, San Francisco, and Stamford in the last 10 years.
About William Blair
William Blair is the premier global boutique with expertise in
investment banking, investment management, and private wealth
management. We provide advisory services, strategies, and solutions
to meet our clients’ evolving needs. As an independent and
employee-owned firm, together with our strategic partners, we
operate in more than 20 offices worldwide.*
*Includes strategic partnerships with Allier Capital, BDA
Partners, and Poalim Capital Markets.
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