The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Porcelli Splits BlackRock's B-D Distro, With the Help of a JPMAM Bigwig Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, November 12, 2014

Porcelli Splits BlackRock's B-D Distro, With the Help of a JPMAM Bigwig

News summary by MFWire's editors

Frank Porcelli is reorganizing BlackRock's [profile] advisor distribution, and he's hiring a J.P. Morgan [profile] alum to lead part of the effort.

Jessica Toonkel of Reuters reports that today Porcelli, head of the U.S. wealth advisory business at BlackRock, sent an internal memo explaining that the giant asset manager is splitting its wirehouse distribution efforts from its independent broker-dealer distribution efforts. To that end, Reuters adds, early in 2015 former J.P. Morgan Funds global strategic relationships managing director Lee Beck will join BlackRock to lead the wirehouse channel.

"We are preparing to capture more fully opportunities in the independents and wirehouses," Porcelli reportedly writes in the memo.

Porcelli also revealed plans to rotate sales leaders between different channels and roles. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use