PlainsCapital Taps Industry Veterans as Part of Statewide Rollout of New Private Banking Initiative – The Private Bank at P...
October 12 2017 - 8:00AM
Business Wire
PlainsCapital Bank has hired two Houston-area industry veterans
to help lead the Bank’s private banking initiative in the greater
Houston and Coastal Bend areas. Steve Schaller, CFA, and Jeff
Horner, CFP, join as private bankers serving high net worth
individual (HNWI) clients and family offices. Schaller has been
named executive vice president and market manager, and Horner has
been named senior vice president and wealth strategist. They report
to Thomas Neville, executive vice president and head of private
banking and wealth management for PlainsCapital.
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Jeff Horner, Senior Vice President,
Wealth Strategist (left) and Steve Schaller, Executive Vice
President, Market Manager (right) will focus on building
PlainsCapital Bank's private banking presence in Houston and along
the Gulf Coast. (Photo: Business Wire)
As tenured private bankers experienced in serving HNWI clients
and family offices and overseeing billion-dollar portfolios,
Schaller and Horner will focus on building PlainsCapital’s private
banking presence in Houston and along the Gulf Coast. They will
specialize in private wealth planning, trust, and investment
management services for business owners, executives, entrepreneurs,
and other HNWI clients and families.
“We are excited to welcome Steve and Jeff, who bring experience,
expertise, and recognized reputations as accomplished
professionals, particularly in the Houston market,” said Neville.
“Their background working with HNWI clients to help them meet their
financial goals is a strong fit with PlainsCapital—both in core
competencies and core values—as we expand the scope of our private
banking services.”
Schaller and Horner will help lead the Bank’s initiative to
brand its private banking services as The Private Bank at
PlainsCapital in its markets throughout Texas. The Private
Bank at PlainsCapital allows the Bank to more effectively serve the
evolving HNWI market, including the increasingly multigenerational
nature of the sector.
“The Private Bank at PlainsCapital enables us to broaden and
deepen our best-in-class services specifically as they pertain to
family offices and succession planning—an important step in our
wealth management growth strategy as we expand our capabilities to
provide a dedicated offering to high net worth individuals
throughout the state,” Neville said.
According to the U.S. Wealth Report for 2015, wealth among high
net worth individuals in the U.S. grew to $15.2 trillion, with the
largest increase in new HNWIs coming from Texas and the West Coast.
Houston was ranked 7th for total number of HNWIs. According to
Schaller, studies show that up to 70 percent of high net worth
families lose their wealth by the second generation. To preserve
their wealth, families need a well-considered wealth management and
succession plan, even though it can be a difficult issue to
address.
“This is where we believe PlainsCapital can play a key role,”
said Schaller. “Wealth preservation is no longer just about
investing assets, it should also include developing a succession
plan and getting the next generation involved.”
The Private Bank at PlainsCapital creates solutions for clients
utilizing a full team of specialists, including trust, investment,
and banking professionals, as well as financial planners, attorneys
and more. They offer specialized wealth management strategies to
help multigenerational high net worth families preserve and grow
their wealth by focusing on the following key areas:
- Planning and family dynamics
- Asset management
- Private banking
- Trust, fiduciary and administrative
services
- Foundations and endowments
PlainsCapital is an established, well-known, highly regulated
financial entity that offers clients simplicity and security.
Backed by Hilltop Holdings Inc., a $13-billion Dallas-based holding
company, the Bank has assisted Texas clients with their private
banking and wealth management needs for three decades.
Well known in the Houston private banking community, Schaller
brings 30 years of banking experience to his new role, including 16
years of portfolio management and investment experience in client
management, asset allocation, investment program implementation and
new business acquisition. He earned his Bachelor of Science and MBA
degrees from Vanderbilt University.
Horner has more than 15 years of experience providing customized
wealth planning services to HNWIs. Jeff earned his Bachelor of
Business Administration degree from Baylor University.
Schaller and Horner will office at PlainsCapital’s Kirby Grove
location in Houston.
About PlainsCapital Bank
As of June 30, 2017, Dallas-based PlainsCapital Bank, the sixth
largest Texas-headquartered bank by deposit market share*, operated
62 branches with more than 1,200 employees providing highly
personalized relationship banking through a single point of
contact. Offering commercial lending, treasury management, private
banking, and trust and wealth management services, PlainsCapital
Bank empowers responsive, local decision making in each of its
major markets: Austin, Corpus Christi, Dallas, Fort Worth, Houston,
Lubbock, the Rio Grande Valley, and San Antonio. PlainsCapital Bank
is a wholly owned subsidiary of Hilltop Holdings (NYSE: HTH). Find
more information at PlainsCapital.com. *Source: SNL Financial
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version on businesswire.com: http://www.businesswire.com/news/home/20171012005114/en/
PlainsCapital BankMichelle Parish,
214-252-4025michelle.parish@hilltop-holdings.com
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