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Steve Kolano

Financial Planning > UHNW Client Services > Family Office News

Integrated Partners Picks Up Exec From BNY Mellon

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What You Need to Know

  • Stephen Kolano was most recently chief investment officer at BNY.
  • The Integrated Family Office business was relaunched by the firm on Wednesday.
  • Family Office will offer UHNW families a road map for multi-generational success, the firm said.

Hybrid RIA Integrated Partners has appointed Stephen Kolano, a chartered financial analyst, as managing director, investments for its relaunched Integrated Family Office business, which the firm said Wednesday will “provide ultra-high-net-worth families with a roadmap for multi-generational success.”

The Integrated Family Office solution, which relaunched Wednesday, combines a large network of “leading authorities in family and business law, business management, private lending, recordkeeping and investing to guide households through the challenging and complex process of generational wealth transfer,” the company said.

Kolano joins Integrated Partners after having spent more than 19 years at BNY Mellon in multiple roles, most recently as chief investment officer for BNY Mellon Investor Solutions.

Before that, he started his career at J.P. Morgan Chase in 1999, as operations associate-Latin American Equities, according to his LinkedIn profile. In 2002, he joined Boston Company Asset Management, which was part of the merger that formed BNY Mellon Asset Management in 2017.

“We implement efficient, impactful strategies based on the family’s values and goals to do what’s best to preserve and grow wealth,” Kolano said of the Integrated Family Office in the news release announcing his appointment.

He called it a “comprehensive solution that brings simplicity to generational wealth transfers and fortifies family legacies.”

Pointing to Harvard Business Review data showing that 90% of family-owned businesses fail by the third generation, Integrated Partners said Paul Saganey, its CEO and founder, “drew inspiration from his own life experience of starting to plan how to pass his hard-earned wealth to the next generation and wanted to assist others in this important endeavor.”

Noting that what could be the “largest generational transfer of wealth in history [is] on the horizon,” Saganey said, “we wanted to create a comprehensive solution for families to transform the succession process.”

His firm’s advisors “truly know their clients on a deep and personal level, which I wanted to see mirrored in the Integrated Family Office,” he said, adding that it “compiled a deep bench of experts from our CPA Alliance and Business Owner Solutions” divisions.

Integrated Partners has more than 150 advisors managing over $13 billion in assets, 127 CPAs and 45 regional offices across the U.S., it said.

Pictured: Steve Kolano