Fifth Third Wealth Advisors, a registered investment advisor launched by Fifth Third Bank in 2022, has added a team of three advisors that managed $2 billion at TIAA-CREF.
Advisors Scott Bailey, Scott Cislo and Murray Kinlaw have joined Fifth Third Wealth Advisors as managing directors. Kinlaw and Cislo will be based in the new Charlotte, NC office, while Bailey is located in St. Louis. Louis, Mo.
RIA, which has exceeded 2 billion dollars in assets under management in September, there are now nine teams of advisors in eight countries. This includes offices in Naples and Tampa, Fla.; Springfield, Ill.; Westchester, NY; Pittsburgh; Dallas; and Atlanta.
“At FTWA, we believe we offer the look, feel and agility of an independent boutique, backed by a high-performing regional bank,” Eric Housman, president of Fifth Third Wealth Advisors, said in a statement. “We allow our teams to spend more time with customers and strengthen customer relationships. We look forward to continuing our growth story.”
Third Fifth Bank launched the RIA in late 2022, offering its advisors physical office space, an investment platform, technology and operational support. The bank tapped Housman, a former managing director of Third Fifth Private Bank's MidAtlantic Region, to lead the RIA.
Advisers also have access to powers of trust, lending and planning through the bank. The firm uses Fidelity for custody.