Photo by James Sanna | Banker & Tradesman Staff

Former president of Boston Private Wealth Scott Dell’Orfano has landed on his feet after departing the bank earlier this year.

Boston-based Congress Wealth Management announced Tuesday afternoon it has named Dell’Orfano as chief strategic officer, the third former Boston Private senior staffer to be hired in recent months. In this role, he will oversee a major growth initiative in unidentified key U.S. markets, with the aim of growing clients and assets under management significantly over the next five years.

A Boston Private spokesperson confirmed he left the bank in April, about the same time as new CEO Anthony DeChellis initiated several changes in the organization and set an ambitious goal to grow its wealth management and trust division from roughly $16 billion now to about $50 billion by 2022.

“We’re excited to have Scott join the Congress Wealth Management team and to make an immediate impact in driving strategic partnerships and leading all merger and acquisition activity,” Paul Lonergan, president of Congress Wealth Management, said in a statement. “Over the last 10 years, we achieved $2 billion in assets under management organically through an intense focus on providing a superior client experience, and on offering customized creative investment solutions and advice. Now, with Scott’s leadership, we feel confident we will be able to expand into new markets in key wealth centers around the U.S. by identifying strategic partners that are a strong philosophical and cultural fit.”

Dell’Orfano brings 29 years of experience in the financial industry, including on successful mergers and acquisitions. Before joining Boston Private Wealth in 2014, he was executive vice president of Fidelity Institutional Wealth Services Group.

“This is a tremendous opportunity because Congress Wealth has built such a scalable and highly regarded service model for its clients,” Dell’Orfano said in a statement. “This firm is very attractive to strategic partners that want help in growing their respective businesses, and also want to be part of a nationwide expansion play. We’re looking to make deals in the right geographic wealth centers with partners that share our focus on helping clients succeed and our commitment to firm growth.”

Former Boston Private executives Gerald Graves and Chris Dudley were hired by Congress in July to lead its West Coast practice serving professional athletes and entertainment industry clients.

Ex-Boston Private Exec Lands at Congress Wealth Management

by Banker & Tradesman time to read: 2 min
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