PITTSBURGH–(BUSINESS WIRE)–EdgeCo Holdings, L.P., a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients, has appointed David Hand as Senior Vice President. Hand will drive growth across EdgeCo and its subsidiaries and lead EdgeCo’s fast-paced expansion in pooled investments, wealth advisors, retirement advisors and potential future acquisitions.
Hand brings over 30 years of experience driving organic growth for financial services firms, as well as delivering expansion through mergers and acquisitions. In addition, he has extensive experience in the pooled investment space, which will add significant value to EdgeCo’s related offerings, including its growing collective investment trust business and common trust funds and pooled employer plans (PEPs). Earlier in his career, he was responsible for driving significant growth at Hand Benefit and Trust, expanding the actuarial recordkeeping and trust company from $1 billion in assets to over $25 billion. In 2007, the firm was acquired by BPAS, where he stayed on to continue managing the business line.
“David is a recognized leader in many facets of the industry and he brings a tremendous level of expertise, particularly in the pooled investment space, which will directly benefit our high-net-worth and retirement advisor clients,” said John Moody, CEO of EdgeCo Holdings. “His direction will position EdgeCo as an industry leader in the space and further expand our commitment to our partners.”
The addition of Hand to its executive team is part of EdgeCo’s commitment to helping industry-leading companies grow their businesses and stay competitive in the marketplace through a strategically designed and mutually beneficial business model. In his role as Senior Vice President, Hand will support all of EdgeCo’s subsidiaries, including Goss Advisors, NewEdge Wealth and American Trust, where he will lead growth and development strategies that align with the commitment to excellence echoed throughout all divisions of the company.
“The retirement industry is evolving rapidly and to succeed, advisors need a partner with a proven business model; one that can deliver a multifaceted, efficient and effective platform that serves their needs today and into the future,” said Hand. “EdgeCo has the vision, bench strength and track record of delivering that support and scalability to advisors, while at the same time spurring ongoing company expansion.”
Hand is an enrolled actuary who holds Series 7 and 63 securities licenses and a Principal 24 broker-dealer license. He will be based in Houston, Texas, where he currently resides.
About EdgeCo Holdings
Through its subsidiaries, EdgeCo Holdings is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients. For over four decades, EdgeCo companies have provided a suite of technology and support services including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors, and other financial intermediaries including retirement plan recordkeepers, TPAs, bank trust departments, broker dealers, and insurance companies. The firm services approximately $150 billion in client assets under custody or administration and more than 15,000 financial advisors and 500 financial institutions.
