U.S. Bank has added another wealth management advisor to its high-net-worth business in Naples, Fla.
Heather Borelli, a former senior associate at Abbot Downing, will provide clients of the Private Client Reserve unit with integrated investment services.
Borelli joinsfrom the Naples office of Abbot Downing, where she managed client relationships for the Southeast region. She has more than 20 years of experience in accounting, finance, trusts and wealth management, primarily focused on high-net-worth families, according to U.S. Bank.
The appointment comes on the heels of last month’s announcement that the Private Client Reserve’s Naples office would relocate to a larger office space in the upscale neighborhood of Mercato to accommodate growing business there. It is also the latest in a string of new hires the unit has made in Florida. Earlier this month, it appointed Robert Stevenson, a 14-year veteran of Northern Trust Co., managing director for Florida and senior portfolio manager for the business in Palm Beach.
The Private Client Reserve defines high-net-worth clients as individuals, families and foundations with more than $1 million in investable assets. It is part of U.S. Bank’s Wealth Management Group.
