Curated News
By: NewsRamp Editorial Staff
September 25, 2025
Peapack Private Hires Top Schwab Advisor Robert Melle for NYC Expansion
TLDR
- Peapack Private Bank gains competitive advantage by hiring Robert Melle, a top-ranked financial advisor with over $1.2 billion in managed assets to expand wealth management services in Manhattan.
- Robert Melle brings 25 years of systematic wealth management expertise including strategic financial planning, asset allocation, and investment strategy to Peapack Private's growing Manhattan team.
- Peapack Private's enhanced wealth management team helps clients establish and expand their legacies through comprehensive financial planning that builds better futures for families and organizations.
- Robert Melle joins Peapack Private with impressive credentials including top 5% national ranking for net asset growth and management of over $1.2 billion in assets.
Impact - Why it Matters
This appointment matters because it signals intensified competition in the New York wealth management sector, particularly for ultra-high-net-worth clients. When major financial institutions like Peapack Private make strategic hires of top-performing advisors from competitors like Charles Schwab, it often indicates shifting market dynamics and can lead to improved services and more competitive offerings for clients. For investors and high-net-worth individuals, such moves typically mean greater choice, potentially better fee structures, and access to more sophisticated wealth management strategies as firms compete for top talent and market share. Additionally, this type of hiring activity often reflects broader trends in the financial services industry, where boutique firms are increasingly challenging traditional powerhouses by attracting experienced professionals with proven track records.
Summary
Peapack-Gladstone Financial Corporation and its subsidiary Peapack Private Bank & Trust have made a significant strategic hire by appointing Robert Melle as Senior Managing Director and Senior Financial Advisor within their wealth management division. Based at the firm's Park Avenue office in New York City, Melle brings over 25 years of extensive financial industry experience to strengthen the bank's Manhattan presence. This appointment signals Peapack Private's aggressive expansion in the competitive New York wealth management market, leveraging Melle's proven track record with ultra-high-net-worth clients and his impressive background managing substantial asset portfolios.
Robert Melle joins Peapack Private from Charles Schwab, where he served as Vice President and Financial Consultant, following previous distinguished roles at Chase Investment Services Corporation and Citicorp Investment Services. His career achievements are substantial, having overseen asset management exceeding $1.2 billion with advisory fee assets totaling more than $220 million. Melle has consistently ranked in the top 25% of regional financial consultants and earned multiple prestigious awards, including the Chairman's Club Award and Northeast Achievement Awards. His expertise spans comprehensive wealth planning, investment strategy, asset allocation, and sophisticated client relationship management, making him an ideal candidate to drive Peapack Private's growth objectives in the Manhattan market.
The appointment comes as Peapack-Gladstone Financial Corporation, with total assets of $7.2 billion and assets under management of $12.3 billion as of June 2025, continues to expand its wealth management services. Founded in 1921, Peapack Private Bank & Trust emphasizes a client-centric approach to banking, offering customized wealth management, investment banking, and personal banking solutions. Readers can find more information about the company's services at www.peapackprivate.com, while the original announcement was distributed through NEWMEDIAWIRE, a prominent financial news distribution platform that ensures wide coverage of such corporate developments within the investment community.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Peapack Private Hires Top Schwab Advisor Robert Melle for NYC Expansion
