William F. Schaeneman, Jr., CRPS™

Experience

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  Fleet National Bank

  Mar 1981 - Jun 1995

  Commercial, Treasury Management and Private Banking roles

  My tenure in the financial services industry began in Treasury Management where I started as a small business cash management analyst eventually rising to calling on Fortune 1000 companies nationally while Sales Manager of a Team of Treasury Consultants. I developed customized proposals and implemented solutions for large multinational businesses. In 1987 I was selected for the Bank of New England Commercial Lending Program where I analyzed credit renewals and new loan requests from a wide range of bank clients. Upon graduation from The Commercial Lending Program I became a Commercial Loan Officer and later a Commercial Loan Workout Officer where I focused on the recovery and successful re-structuring of defaulted or criticized loan obligations over $5MM. During my role in Commercial Loan Workout I worked extensively with attorneys and law firms which led to being named the head of The Professional Practices Group in Fleet Private Banking. I was responsible for the banking relationships of the major Hartford law firms and personal relationships and services for their key partners. This involved traditional commercial credit solutions as well as private banking loans. Show less

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  First Union National Bank

  Mar 1997 - Jun 1999

  Private Banking Relationship Manager

  I was responsible for private banking relationships in the Private Client Group. I customized and delivered financial solutions for professional practices such as law firms and medical practices and their senior partners. As a Relationship Manager, I oversaw specialists including trust and investment management professionals needed to provide high level customized services for wealthy individuals. During this time I developed a Center of Influence management tool for multiple business lines. This tool was used successfully across several business lines including non-profit & endowment management, retirement sales and a wide range of credit and treasury products. I also provided a suite of traditional private banking services for high net worth clients. Show less

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  Merrill Lynch

  Jun 1999 - Jul 2012

  Wealth Management Advisor

  I provided wealth management, discretionary investment portfolios, business and personal retirement planning, banking and lending services. At Merrill Lynch I developed and implemented The Schaeneman Group Tactical Portfolios. On a Complex Level I coordinated relationships between the Commercial Lending Team and Financial Advisors. On a client level I worked closely with professionals, privately owned businesses and their principals as well as affluent individuals and their families. In addition, I was a 401K Retirement Advisor eligible to receive referrals and RFP's from Bank of America's Commercial and Business Bank. In providing client solutions I worked closely with a team of specialists that included insurance and annuity products, retirement plans and wealth structuring solutions. Show less

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  Morgan Stanley

  Jul 2012 - Jun 2018

  Vice President, Financial Advisor

  I provided independent retirement plan consulting which includes benchmarking and analysis to help identify optimal retirement plan solutions using a strong array of tools and capabilities. Benchmarking is key to establish reasonableness of fees/costs. After extensive discussion with the Plan Sponsor(s), the optimal plan platform was identified from a wide range of well known, best in class non-proprietary service providers and a transition timeline and strategy is established. I co-facilitated each retirement plan participant education and enrollment meeting. Where appropriate improvements existing record keeping platforms were implemented. At times this included enhancing the investment menu, share class optimization, participant education, financial wellness and fiduciary fulfillment strategies for plan sponsors. For individual clients and their families I provide a full complement of fee-based wealth management, financial planning and investment advisory services. As a PM Portfolio Manager I manage and deliver several discretionary tactical investment portfolios. My focus is on directly connecting my recommendations to the client's financial objectives which are periodically reaffirmed. I combine my extensive experience with the vast resources of one of the world's most prestigious and well respected wealth management firms. Show less

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  Wells Fargo Advisors

  Jun 2018 - now

  First Vice President - Investment Officer, Financial Advisor

  For over 35 years in the financial services industry, I have assisted businesses and affluent families in accomplishing their financial goals and objectives. I dedicate a significant portion of my practice to delivering high level service and advice to retirement plan sponsors. My Service Model helps ensure that each Participant has access to a Wells Fargo Advisors Financial Advisor and their own individual retirement plan. I also work with Not-For-Profit organizations including Defined Benefit Plan de-risking strategies, 403(b), 401(k) and 457 plans. I hold the Chartered Retirement Plans Specialist℠ Designation by the College for Financial Planning. I am a Portfolio Manager with Wells Fargo Advisors Private Investment Management (PIM) Program. As a former banking professional, I understand the importance of liability management. As longevity risk increases so does the need for elevated retirement planning. Before I became an investment advisor I held professional positions in commercial banking, private banking and treasury management. I graduated from the Bank of New England Commercial Credit Training Program. Show less