Curated News
By: NewsRamp Editorial Staff
June 04, 2025
Merchant Names Rich Policastro Managing Director to Boost Advisor Support
TLDR
- Merchant's appointment of Rich Policastro as Managing Director offers firms a strategic edge by enhancing access to top-tier wealth management solutions and growth strategies.
- Rich Policastro will leverage his 30 years in financial services to strengthen Merchant's ecosystem, focusing on advisor support and operational improvements across the wealth management value chain.
- By deepening its service offerings, Merchant is empowering independent financial advisors with the tools and support needed to secure and grow their clients' futures.
- Discover how Merchant's latest move with Rich Policastro at the helm is reshaping the future of independent wealth management with innovative solutions and strategic partnerships.
Impact - Why it Matters
This news is significant for independent financial advisors and wealth management firms seeking growth and operational support. Merchant's expansion of its service ecosystem and the addition of a seasoned executive like Rich Policastro signal a stronger support network for advisors. This development is crucial as it enhances the ability of financial services firms to navigate the complexities of the industry, offering them access to a broader range of expertise and resources. For advisors, this means better tools and support to grow their practices, manage risks, and serve their clients more effectively in a competitive landscape.
Summary
Merchant, a global operating company specializing in providing growth capital and strategic resources to independent financial services firms, has announced the appointment of Rich Policastro as Managing Director. With over 30 years of experience in the financial services industry, including senior roles at Schwab Advisor Services and Fidelity Institutional, Policastro is set to enhance Merchant's ecosystem of service partners. This move underscores Merchant's commitment to offering wealth management advisors access to top-tier resources and expertise. Merchant's ecosystem includes notable partners like AdvisorAssist, Republic Capital Group, Fin.Link, TAG Intel, Mosaic Advanced Planning, and Venning Advisors, covering a wide range of services from compliance to geopolitical analysis.
Tim Bello, Co-Founder and Managing Partner at Merchant, highlighted the importance of Policastro's appointment, emphasizing the value of his insight and execution mindset. Merchant's strategy focuses on supporting advisors not just with capital but with a comprehensive infrastructure to grow and protect their firms. The company's recent initiatives include launching outsourced CFO services and a cybersecurity solution, with plans to expand into trust services and enhanced valuation capabilities. Merchant's ecosystem now spans over 100 partner firms across six countries, managing more than $230 billion in assets.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Merchant Names Rich Policastro Managing Director to Boost Advisor Support
