While at Bank of America Private Bank , Marc Angle, Stacey Cole, Johnny Gibson and Tara Pioli worked with approximately 75 wealthy families and their related business and philanthropic enterprises, across the eastern US. Now at Fieldpoint Private, the team will advise on all aspects of wealth planning, investment policy and asset management, banking, credit, and governance. The group will be based in Winter Park, an Orlando suburb.

The move is yet another example of how busy Florida is becoming as a wealth management state, as shown by a number of office openings and moves in recent months.

The team has worked together for the past six years. Angle joined US Trust in 2013, following several years as a financial advisor with Alliance Bernstein. A graduate of the United States Military Academy at West Point, he served for eight years as an army captain and Blackhawk helicopter pilot, with deployments including Kosovo, Iraq and South Korea.

Cole spent 13 years with Bank of America, as a senior vice president and senior trust officer. Prior to that she was an attorney and partner with Akerman LLP, and an associate with Bender, Bender, Chandler & Adair. She earned her bachelor’s and law degrees at the University of Florida.

Gibson was a managing director and portfolio manager with US Trust, spending 15 years there. He began his career as an investment consultant with Charles Schwab. The Indiana native is a graduate of Ball State University. He is a also past president and director of CFA Society Orlando.

Tara Pioli, the team’s associate, was with Bank of America for 13 years, serving in a series of roles including lead operations representative, personal banker, and business development analyst. She is a graduate of the University of Central Florida.

Based in Greenwich, Connecticut, Fieldpoint Private was established in 2008.

Florida
A number of wealth firms have set up offices in Florida. In the case of Dynasty Financial Partners, it has moved its headquarters there from New York City. Hamilton Capital, a Columbus-based registered investment advisor with more than $2.5 billion in assets under management, opened an office in Palm Beach. The Glenmede Trust Company, which formed a transatlantic pact with a multi-family office, is opening a new office in West Palm Beach, Florida – the firm’s first office in the state.

Boston Private expanded its Florida presence a few days ago, opening a new office in downtown Miami.

Among other firms expanding in Florida are Goldman Sachs, which has added hires in its private wealth management business; Rockefeller Capital Management, which has made a raft of hires in recent weeks, named the first person to join its newly-opened office in Florida; Evercore Wealth Management opened a new office in Palm Beach; Landsberg Bennett Private Wealth Management launched in 2019 in Punta Gorda, Florida; and Boston Private appointed advisors as part of its work with a Florida-based firm. SunTrust Bank added a team of four wealth management professionals to its business in Naples. In 2019, the personal finance website WalletHub put Florida as one of the states with the highest return on investment in terms of its tax burden and provision of public services.