Robert Conzo and Eric Diton, a former executive director and managing director at Morgan Stanley, respectively, have launched The Wealth Alliance, a registered investment advisor based in New York.
Conzo and Diton led two different teams at Morgan Stanley that collectively managed a combined portfolio of more than $1 billion in assets. The pair will be joined by a full team of advisors and service professionals at the new firm.
Conzo, who will serve as chief executive officer and managing director, is a certified financial planner and former CPA with more than 20 years of experience in financial planning, accounting and investing.
Diton, the firm’s president and managing director, is a certified investment management analyst with more than 30 years of financial planning and investing experience and was most recently recognized on the list of Forbes Best-in-State Wealth Advisors 2019.
“The RIA space has matured, and we believe it is the perfect time for advisors and clients to transform their relationships from a traditional brokerage to a more holistic planning approach,” said Conzo. “That’s why we decided to integrate two incredible teams to create The Wealth Alliance.”
The Wealth Alliance delivers comprehensive financial planning and advice to individuals and businesses. The firm has selected Fidelity Clearing & Custody Solutions as its custodian.