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.
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Serving more than seven years as the president of TriState Capital’s Private Bank, Charles C. Fawcett IV manages more than $600 million in loans and deposits. Along with his team of wealth management professionals, Charles C. Fawcett IV stays current on industry trends that impact clients’ assets.
In January, the research firm Aite Group released a list of top 10 trends for 2014 that will impact the wealth management industry. Among these are innovation returns, platform integration, and growth acceleration in mobile trading. Aite Group predicts that wealth management firms will utilize technology to develop content-based marketing that targets customers and to improve the overall client experience. Furthermore, enhancements to customer relationship management platforms are expected and will be beneficial as firms create strategies that cater to clients. The integration of multiple wealth management platforms will also be essential in streamlining workflow. Firms may designate one centralized platform to store and filter all information, rather than piecing together details from multiple applications. Additionally, Aite Group foresees significant growth in mobile trading. The firm conducted a survey in November 2013 with the top 10 retail brokerage firms in the nation. The results show that mobile trading is on pace to become the leader in trading technology within the next five years. As a business executive, Charles C. Fawcett IV knows that hard work and commitment to achieving goals are the keys to success. Charles C. Fawcett IV is one of the many successful individuals who cultivated these essential skills in achieving the coveted rank of Eagle Scout as a member of the Boy Scouts of America.
As a requirement, Eagle Scouts must complete a service project in addition to earning 21 merit badges. In creating their Eagle Scout service project, scouts must demonstrate skill in planning and leadership. Each scout must develop a detailed plan before implementing the project and, in addition, must involve at least two other individuals in the project and provide guidance and oversight along the way. A 2010 study by Baylor University indicated that adults who became Eagle Scouts display a more constructive, goal-oriented focus than their peers. The study also showed that Eagle Scouts have a greater commitment to lifelong learning and to attaining personal and professional goals. 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. Charles C. Fawcett IV oversees TriState Capital’s Relationship Management Team as the president of the Private Bank. He has years of experience in the industry, and manages deposits worth more than $200 million and outstanding loans worth more than $500 million. Charles C. Fawcett IV, a graduate of the University of Pittsburgh business program, previously spent 17 years with one of the largest investment management firms in the United States.
The relationship managers and team at TriState Capital, a bank catering to medium-sized businesses and high-net-worth individuals, have—on average—two decade’s worth of experience in banking. The depth of knowledge demonstrated by relationship managers and team members allows TriState Capital to excel in management buyouts, private banking, capital markets, cash management, and other areas. In addition to their extensive banking experience and knowledge, TriState Capital’s relationship managers and team members are selected for their decision-making abilities and leadership qualities. This contributes to the distinction between the customer service offered by Tristate Capital and that offered by its competitors. Previously, Charles C. Fawcett, IV, spent nearly 20 years at one of the largest investment management firms in the country. He now serves as the president of private banking at Pittsburgh, Pennsylvania’s TriState Capital, a provider of lending and deposit services to corporate executives. Charles C. Fawcett, IV, brings a wealth of knowledge in mergers and acquisitions to his current position.
Mergers and acquisitions, sometimes referred to as M&A, make up a large part of corporate restructuring transactions in the financial world. Bankers and M&A specialists regularly arrange partnerships between small and struggling businesses to form larger corporations. M&A interactions can be equally beneficial, or can constitute a larger company enveloping a smaller business. While mergers and acquisitions can happen at any level, M&A professionals often deal with transactions valued at hundreds of millions of dollars. M&A experts also specialize in reverse orders such as spin-offs, carve-outs, and stock tracking. Charles C. Fawcett, IV, currently works as the president of private banking at TriState Capital. In this position, Charles C. Fawcett, IV, focuses on building relationships with family offices and wealth managers. TriState Capital assists customers who have been underserved as a result of changes in the banking industry.
During the months that followed the country’s recent Great Recession, financial analysts predicted a massive wave of bank failures in the United States. As many as 40% of existing banks were expected to close down or consolidate business. Seven years of data from the Federal Deposit Insurance Corporation (FDIC), however, has shown that fewer than 500 banks have closed since 2008. On the other hand, the forecast of widespread mergers and acquisitions may not have been so inaccurate. Indeed, American banks may continue to be hit by smaller cycles of consolidation in the future. There are a number of indicators that signal further mergers and acquisitions in 2013 and beyond. Consider that the Troubled Asset Relief Program (TARP) will double rates on unpaid funds, combined with increased pressure expense from regulatory changes, together may encourage consolidation among smaller institutions. |
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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