Old National Expands Wealth Management Business for High-Net-Worth Individuals and Institutions

Core Insights - 1834, a division of Old National Bank, has expanded its operations into Naples, Florida, to cater to the financial needs of high and ultra-high net-worth individuals and institutions in the region [1][2] - The Naples team is led by Jeff Robinson, who has over 20 years of experience in wealth management, focusing on delivering integrated wealth management services [2][3] - 1834 offers a boutique-style experience with customized wealth advisory and investment management services, competing with ultra-high-net-worth firms without requiring high entry fees [3][4] Company Overview - 1834 is supported by a team of industry-renowned executives with over 80 years of combined experience, and the firm has more than 100 team members across various locations [4][8] - The service model includes a single point of contact with a wealth advisor, complemented by a team of in-house professionals providing various services such as wealth planning, investment management, and estate planning [5][6] Team Composition - The Naples team includes experienced professionals such as Rick Sterioti, Jolene Wall, and Eric Cosentino, each bringing decades of expertise in wealth management and investment [6][7] - The team focuses on providing holistic advice tailored to the needs of high-net-worth individuals, including specialized services for business succession planning and philanthropy [5][6] Parent Company Information - Old National Bancorp, the parent company of 1834, is the sixth largest commercial bank headquartered in the Midwest, with approximately $71 billion in assets and $38 billion in assets under management [8]