Banking executive Charles C. Fawcett IV serves as president of private banking at TriState Capital, where he leads a team offering a full range of lending and deposit services to clients. Under the leadership of Charles C. Fawcett IV, TriState Capital’s Private Bank gives clients access to deposit products such as money market accounts. In essence, money market accounts combine high-yield savings accounts with some of the features offered by a debit card account. Money market accounts function much like savings accounts, except with a variable interest rate and restricted checking privileges. Like savings accounts, money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC), meaning that the federal government will guarantee up to the maximum amount allowed by law. In terms of fund availability, individuals can withdraw funds six times in any given statement cycle from their money market accounts. Compared with accounts such as CDs, money market accounts give holders a great deal of flexibility regarding how they access their money. Although not all money market accounts include provisions for check writing, certain types do allow holders to access money via a debit card.
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Charles C. Fawcett IV has more than 20 years of experience in the financial industry. Today, Charles C. Fawcett IV draws on his extensive knowledge and expertise to lead Private Bank, a division of TriState Capital, as its president.
In January 2014, TriState Capital announced that it would be purchasing Chartwell Investment Partners, L.P. The boards of directors for both firms voted in favor of the transaction, and the acquisition closed in the first quarter An investment firm, Chartwell Investment Partners, L.P., manages more than 150 institutional clients with assets of $7.5 billion. Its 2013 annual revenue was expected to exceed $25 million. Charles C. Fawcett IV, president of private banking at TriState Capital, is responsible for managing a division including deposits and more than $500 million in loans. Applying two decades of experiences as a financial executive, Charles C. Fawcett IV works to build relationships with the midsize businesses, wealthy individuals, and wealth managers who comprise his client base.
As a financial expert, Charles C. Fawcett has authored several white papers, including one titled “New Trends, New Models in Banking: What It All Means for Leading Entrepreneurs and Private Families.” The paper includes tips for selecting an appropriate banking institution to suit a client’s needs, highlighting the virtues of midsize banks that strive to offer personalized service. When evaluating a bank, gauge how much it relies on technology versus the level of personal service it offers. Often, overuse of technology can be disadvantageous, especially if clients need personal attention from a financial expert in order to meet their banking goals. Also, consider the size of the bank. Privacy and security risks may naturally be greater at larger institutions, where more people potentially have access to sensitive data. Niche banking firms may have the capacity to protect client confidentiality while also offering personalized service. Charles C. Fawcett IV, the president of Private Bank at TriState Capital, earned a master’s degree in business administration, with a focus on finance, from the University of Pittsburgh. His undergraduate education emphasized economics and business. In addition to his role at TriState Capital, Charles C. Fawcett IV spent nearly two decades with one of the country’s largest investment management firms.
The Joseph M. Katz Graduate School of Business at the University of Pittsburgh provides graduate business students with five unique opportunities for obtaining a master’s degree in business administration. The traditional two-year program offers a rigorous, comprehensive set of courses that respond to the constantly changing modern business world. For students who are eager to begin their professional careers or cannot otherwise spend two years working toward their degree, the school offers an accelerated one-year degree option. The Katz School of Business was the first business school in the world to offer an accredited one-year MBA program. In addition to these programs, the school offers part-time and executive programs, as well as various opportunities for combined degrees in business administration and law, engineering, or other fields. |
AuthorFor more than two decades, business expert Charles C. Fawcett IV has enjoyed an outstanding level of success in finance, sales, and product development. Archives
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