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Financial Advisory  + Wealth Management  | 
Private Advisor Group Adds $120M Illinois Team

Private Advisor Group Adds $120M Illinois Team 

Private Advisor Group, a $28.5 billion Morristown, NJ-based independet wealth management firm, announced that Poterack Capital Advisory, a $120 million four-person wealth management firm in Morton, IL, has joined the firm. 

Poterack Capital Advisory, led by CEO and wealth manager, Ryan Poterack, provides asset management, life and long-term care insurance, tax-efficient strategies, and income, retirement and wealth protection services. 

Wealth manager Alec Quaid, client relationship manager Anna Hopkins and director of operations Kaitlin Hummel will also be joining Private Advisor Group. 

Poterack has enrolled in Private Advisor Group’s Alignment & Equity Program, which is a jointly owned growth partnership entity, providing a direct economic interest in the overall Private Advisor Group community. 

“We are thrilled to welcome Ryan and the entire Poterack Capital Advisory team to our growing community. We look forward to supporting their goals and furthering opportunities to drive collective success,” said Verne Marble, Private Advisor Group, director of business development. 

This deal follows Private Advisor Group’s addition of $100 million Troy, Mi-based Drake Financial Services last month. 

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Private Advisor Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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