NEW YORK, March 10, 2014 /PRNewswire/ -- Cantor Fitzgerald Wealth Partners, LLC, an affiliate of Cantor Fitzgerald & Co. serving the private wealth management market, today announced the expansion of its wealth management team with the appointment of two registered financial advisors, Jeff Schulte and Jim Hiles, previously of Mariner Wealth Advisors. Messrs Schulte and Hiles bring decades of experience to Cantor Fitzgerald Wealth Partners and will be instrumental in further developing Cantor's private client group. They will report to Stan Gregor, President and Chief Executive Officer of Cantor Fitzgerald Wealth Partners.
"We believe in listening to the marketplace, and we've heard consistently that sophisticated investors are interested in capitalizing on the expertise that Cantor Fitzgerald has long delivered to our institutional clients. The expansion of Cantor's Wealth Partners platform demonstrates our commitment to providing existing and new clients with best-in class services and offerings, and building our global franchise," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co. "Jim and Jeff's extensive industry experience and breadth of contacts further supports our ability to provide exceptional investment advice to current and future high net worth clients."
"The focus at Cantor Fitzgerald Wealth Partners is on developing a private wealth management business structured as a true partnership model in which our advisors are equity owners. We provide our private clients access to the same customized services typically reserved for Cantor's institutional clients," added Mr. Gregor. "We will continue to expand the business by adding experienced wealth advisory teams in the coming months."
Mr. Schulte and Mr. Hiles said in a joint statement, "We are extremely pleased to join such a highly regarded firm as Cantor, and strongly believe that this will be a significant upgrade for our business and our clients. We are confident that Cantor Fitzgerald's client-focused culture and broad array of resources will enable us to maximize value to our clients."
Mr. Schulte served as a Senior Financial Consultant for high net worth clients at Mariner Wealth Advisors. Earlier, he held senior positions at CBIZ Wealth Management and Prudential Securities. He was also a co-founder of eMoney Advisors and Wharton Business Group, an investment advisory firm. Mr. Schulte holds a B.A. in Economics from the Wharton School of the University of Pennsylvania, and is a Chartered Financial Consultant.
Mr. Hiles served as Senior Wealth Advisor at Mariner Wealth Advisors, and he held a senior position at CBIZ Wealth Management. Mr. Hiles holds a B.A. in Economics from Bucknell University, and is a Chartered Financial Consultant.
Cantor Fitzgerald Wealth Partners, an affiliate of Cantor Fitzgerald & Co., serves the private wealth market. In addition to its partnership structure, Cantor Fitzgerald Wealth Partners provides its advisors with an expansive suite of products and services, as well as access to Cantor Fitzgerald's services reserved for Cantor's large institutional clients.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent capital markets investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate financing and its global distribution platform. Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 30 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit www.cantor.com.
Note to editors: Cantor Fitzgerald, L.P., is the parent entity of Cantor Fitzgerald & Co. and Cantor Fitzgerald Wealth Partners, LLC.
SOURCE Cantor Fitzgerald