Press Room > Press Release
Global Wealth Management Firm Expands Presence In North Carolina With Opening Of Greensboro Office
7/12/2007
Greensboro, NC (July 12, 2007) - Stanford Group Company has selected Greensboro as its newest expansion city for its Private Client Group and eight senior executives from United States Trust Company, N.A. have joined to serve the local office. Stanford Group Company is part of Stanford Financial Group, a global network of financial services companies. Stanford's Greensboro office will be located in the SunTrust building at 628 Green Valley Road, Suite 300. The company opened its office in Charlotte last September and plans to continue its measured growth throughout 2007 and 2008.
The Stanford Greensboro team consists of Managing Directors John Rich and Glenda Burkett and Senior Vice Presidents M. Jo Brooks, Ken Dimock, Anthony Monforton, Virginia Saslow and William "Wes" Watson. Also joining the team are Suzanne Wilcox, Sandy Boes, Kim Lemons and Kim van Zee.
Greensboro marks Stanford Group Company's 17th U.S. Private Client Group office. In addition to Greensboro and Charlotte, the company has offices in Boca Raton, Miami and Longboat Key, FL, Houston, Dallas, Austin, Memphis, Nashville, Denver, Atlanta, Little Rock, Baton Rouge and Lafayette, LA and Jackson and Tupelo, MS.
According to Eddie Rollins, Executive Director of the Carolinas for Stanford, the company selected Greensboro as its newest location because of the concentration of high-net-worth individuals and small- and mid-size companies in the region and the fact that so many of the local and regional firms that typically offer the high-touch service these clients expect have gone away.
"North Carolina is an important market for Stanford, and we're glad to have the opportunity to expand our presence here. We've been well received in Charlotte, and I have no doubt that with the professional team we have in place, the same will be true for Greensboro. I believe that as people come to experience the Stanford standard, they will see that we truly do offer an alternative to the mega-sized banks and brokerage firms," he said.
John Rich will be a Managing Director for Stanford and comes to the company with more than 30 years industry experience, most recently as Chief Investment Officer - Mid-Atlantic Region for U.S. Trust. Prior to joining U.S. Trust (and its predecessors), he was the Senior Fixed Income Strategist and Portfolio Manager for Palm Beach Capital Management. He was also Chief Financial Officer of First National Bank in Palm Beach Florida. Rich is a member of the North Carolina Society of Financial Analysts and the CFA Institute.
Glenda Burkett also joins Stanford as Managing Director and brings more than 30 years experience in working with individual and institutional clients. She most recently served as Senior Vice President, Business Development for U.S. Trust, prior to which she was Senior Vice President and Trust Officer, and Manager of Trust Sales for Southern National Bank (now BB&T). She has also worked with Jefferson-Pilot. Burkett is a member and former president of the Estate Planning Council of Winston-Salem. She has served on numerous boards in the Greensboro area, including the North Carolina Planned Giving Council, Advisors of Friends Homes, Inc., and currently serves as chairperson of the Mount Pisgah United Methodist Church endowment. She is a member of the Greensboro Estate Planning Council.
M. Jo Brooks joins Stanford as a Senior Vice President and brings 30 years experience in wealth management, tax, and financial planning. She most recently worked with U.S. Trust as Senior Vice President, prior to which she worked with Merrill Lynch as a financial consultant and with the Internal Revenue Service. Brooks is a past president of the Piedmont Chapter of the North Carolina Association of CPAs and is a member of the Greensboro Estate Planning Council and the Society of Financial Service Professionals.
Ken Dimock worked with U.S. Trust Company (and its predecessors) for 22 years, most recently as Senior Vice President. Before joining U.S. Trust, he was a Supervising Senior Tax Specialist at Peat Marwick Mitchell & Company. Dimock is a member of the Professional Advisory Committee of the Community Foundation of Greater Greensboro and the Greensboro Estate Planning Council. Ken is the past president of the Eastern Music Festival.
Tony Monforton brings more than 25 years experience to Stanford. He was most recently a Senior Vice President and Portfolio Manager for U.S. Trust, prior to which he worked as a Portfolio Manager for a number of companies, including PNC Bank in Louisville, KY, Michigan National Investment Corporation and Kidder Peabody. He has also worked as a Marketing Analyst at Chrysler Corporation. Monforton is a member of the North Carolina Society of Financial Analysts and the CFA Institute. He serves on the Board of Directors for Goodwill Industries of Central North Carolina and is currently Chairman.
Virginia Saslow joins Stanford as a Senior Vice President after working for nearly 20 years with U.S. Trust providing wealth management services. Prior to U.S. Trust, she was a Senior Tax Accountant with Arthur Andersen in Houston, Texas. Saslow has been involved in the Greensboro community over the years through the Junior League of Greensboro, the arts, Holy Trinity Church and Canterbury School.
William "Wes" Watson also brings more than 20 years financial services experience to Stanford. Prior to joining U.S. Trust, where he served as Senior Vice President, he was a Financial Analyst with PHP, Inc. He has also worked for First Union National Bank and Peat Marwick Mitchell & Company. Watson is a member of the North Carolina Association of CPAs, the Greensboro Estate Planning Council, the CFA Institute, the North Carolina Society of Financial Analysts, and the American Society of Financial Service Professionals. He also serves on the Board of Directors of the Early Childhood Center of West Market Street United Methodist Church and is a volunteer with the Boy Scouts.
Suzanne Wilcox joins the company with more than 15 years experience in financial services. She was most recently Vice President, Client Services, for U.S. Trust, prior to which she worked with KPMG Peat Marwick and NationsBank (now Bank of America). Wilcox is a member of the American Institute of Certified Public Accountants and the Society of Financial Service Professionals.
According to Jason Green, President of Stanford's Private Client Group, the addition of these senior executives provides the kind of seasoned and local experience that Stanford seeks to attract.
"In our commitment to build a full-service wealth management company, we look to bring on board high-level executives that understand the level of service and experience that Stanford expects," said Green. "Establishing a Greensboro presence with local, senior-level expertise also allows the company to carry out its mission of community investment. Stanford has made it a priority to give back to the communities in which it operates, and as such, the company will be looking to carry on the philanthropic work to which these executives have been committed, as well as to establish new sponsorships and community investment relationships. Strengthening communities is a hallmark of our company. These executives have demonstrated a personal and sincere commitment to give back, and we're excited to offer additional corporate resources so that their commitments can be leveraged to maximize the benefit to the local community," said Green.
Stanford Financial Group is a privately held, wholly owned global group of financial services companies led by Chairman and CEO R. Allen Stanford and founded by his grandfather, Lodis B. Stanford in 1932. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies. Stanford provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford serves clients from 136 countries on six continents. Securities products and services in the United States are offered through Stanford Group Company, member NASD/SIPC. More information on the company can be found at www.stanfordfinancialgroup.com
The Stanford Greensboro team consists of Managing Directors John Rich and Glenda Burkett and Senior Vice Presidents M. Jo Brooks, Ken Dimock, Anthony Monforton, Virginia Saslow and William "Wes" Watson. Also joining the team are Suzanne Wilcox, Sandy Boes, Kim Lemons and Kim van Zee.
Greensboro marks Stanford Group Company's 17th U.S. Private Client Group office. In addition to Greensboro and Charlotte, the company has offices in Boca Raton, Miami and Longboat Key, FL, Houston, Dallas, Austin, Memphis, Nashville, Denver, Atlanta, Little Rock, Baton Rouge and Lafayette, LA and Jackson and Tupelo, MS.
According to Eddie Rollins, Executive Director of the Carolinas for Stanford, the company selected Greensboro as its newest location because of the concentration of high-net-worth individuals and small- and mid-size companies in the region and the fact that so many of the local and regional firms that typically offer the high-touch service these clients expect have gone away.
"North Carolina is an important market for Stanford, and we're glad to have the opportunity to expand our presence here. We've been well received in Charlotte, and I have no doubt that with the professional team we have in place, the same will be true for Greensboro. I believe that as people come to experience the Stanford standard, they will see that we truly do offer an alternative to the mega-sized banks and brokerage firms," he said.
John Rich will be a Managing Director for Stanford and comes to the company with more than 30 years industry experience, most recently as Chief Investment Officer - Mid-Atlantic Region for U.S. Trust. Prior to joining U.S. Trust (and its predecessors), he was the Senior Fixed Income Strategist and Portfolio Manager for Palm Beach Capital Management. He was also Chief Financial Officer of First National Bank in Palm Beach Florida. Rich is a member of the North Carolina Society of Financial Analysts and the CFA Institute.
Glenda Burkett also joins Stanford as Managing Director and brings more than 30 years experience in working with individual and institutional clients. She most recently served as Senior Vice President, Business Development for U.S. Trust, prior to which she was Senior Vice President and Trust Officer, and Manager of Trust Sales for Southern National Bank (now BB&T). She has also worked with Jefferson-Pilot. Burkett is a member and former president of the Estate Planning Council of Winston-Salem. She has served on numerous boards in the Greensboro area, including the North Carolina Planned Giving Council, Advisors of Friends Homes, Inc., and currently serves as chairperson of the Mount Pisgah United Methodist Church endowment. She is a member of the Greensboro Estate Planning Council.
M. Jo Brooks joins Stanford as a Senior Vice President and brings 30 years experience in wealth management, tax, and financial planning. She most recently worked with U.S. Trust as Senior Vice President, prior to which she worked with Merrill Lynch as a financial consultant and with the Internal Revenue Service. Brooks is a past president of the Piedmont Chapter of the North Carolina Association of CPAs and is a member of the Greensboro Estate Planning Council and the Society of Financial Service Professionals.
Ken Dimock worked with U.S. Trust Company (and its predecessors) for 22 years, most recently as Senior Vice President. Before joining U.S. Trust, he was a Supervising Senior Tax Specialist at Peat Marwick Mitchell & Company. Dimock is a member of the Professional Advisory Committee of the Community Foundation of Greater Greensboro and the Greensboro Estate Planning Council. Ken is the past president of the Eastern Music Festival.
Tony Monforton brings more than 25 years experience to Stanford. He was most recently a Senior Vice President and Portfolio Manager for U.S. Trust, prior to which he worked as a Portfolio Manager for a number of companies, including PNC Bank in Louisville, KY, Michigan National Investment Corporation and Kidder Peabody. He has also worked as a Marketing Analyst at Chrysler Corporation. Monforton is a member of the North Carolina Society of Financial Analysts and the CFA Institute. He serves on the Board of Directors for Goodwill Industries of Central North Carolina and is currently Chairman.
Virginia Saslow joins Stanford as a Senior Vice President after working for nearly 20 years with U.S. Trust providing wealth management services. Prior to U.S. Trust, she was a Senior Tax Accountant with Arthur Andersen in Houston, Texas. Saslow has been involved in the Greensboro community over the years through the Junior League of Greensboro, the arts, Holy Trinity Church and Canterbury School.
William "Wes" Watson also brings more than 20 years financial services experience to Stanford. Prior to joining U.S. Trust, where he served as Senior Vice President, he was a Financial Analyst with PHP, Inc. He has also worked for First Union National Bank and Peat Marwick Mitchell & Company. Watson is a member of the North Carolina Association of CPAs, the Greensboro Estate Planning Council, the CFA Institute, the North Carolina Society of Financial Analysts, and the American Society of Financial Service Professionals. He also serves on the Board of Directors of the Early Childhood Center of West Market Street United Methodist Church and is a volunteer with the Boy Scouts.
Suzanne Wilcox joins the company with more than 15 years experience in financial services. She was most recently Vice President, Client Services, for U.S. Trust, prior to which she worked with KPMG Peat Marwick and NationsBank (now Bank of America). Wilcox is a member of the American Institute of Certified Public Accountants and the Society of Financial Service Professionals.
According to Jason Green, President of Stanford's Private Client Group, the addition of these senior executives provides the kind of seasoned and local experience that Stanford seeks to attract.
"In our commitment to build a full-service wealth management company, we look to bring on board high-level executives that understand the level of service and experience that Stanford expects," said Green. "Establishing a Greensboro presence with local, senior-level expertise also allows the company to carry out its mission of community investment. Stanford has made it a priority to give back to the communities in which it operates, and as such, the company will be looking to carry on the philanthropic work to which these executives have been committed, as well as to establish new sponsorships and community investment relationships. Strengthening communities is a hallmark of our company. These executives have demonstrated a personal and sincere commitment to give back, and we're excited to offer additional corporate resources so that their commitments can be leveraged to maximize the benefit to the local community," said Green.
Stanford Financial Group is a privately held, wholly owned global group of financial services companies led by Chairman and CEO R. Allen Stanford and founded by his grandfather, Lodis B. Stanford in 1932. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies. Stanford provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford serves clients from 136 countries on six continents. Securities products and services in the United States are offered through Stanford Group Company, member NASD/SIPC. More information on the company can be found at www.stanfordfinancialgroup.com