-- Five Key Sales Professionals Covering the Northeast and Western Regions
Join to Strengthen Team --
NEW YORK, May 11 /PRNewswire/ -- TD Waterhouse Institutional Services, a
leading provider of custodial and brokerage services to independent investment
advisors, today announced a significant expansion of its sales team with the
appointment of Derek J. Bruton as Senior Vice President and National Sales
Manager, as well as the addition of a Regional Sales Vice President and four
Vice Presidents of Sales.
"I am delighted to welcome Derek to our institutional senior management
team," said J. Thomas Bradley, Jr., President of TD Waterhouse Institutional
Services. "His experience in the advisor services industry is extensive and I
am confident that with Derek at the helm as our national sales leader, he will
make a significant contribution. But of course, he can't do it alone. In
addition to the strong team already in place, we have also taken steps to
further strengthen the sales organization by adding five accomplished sales
individuals, bringing our sales team to 40 professionals. These new hires,
combined with our existing team, put us well on our way to building a group of
sales professionals that is second to none."
Derek J. Bruton, SVP
Bruton brings 13 years of extensive experience in investment management
sales and leadership. He most recently served as Director of Money Manager
Services (MMS) at Merrill Lynch & Co. In his new role, Bruton will report to
Bradley and be a member of his senior management team. His primary
responsibility will be overall sales and business development for the TD
Waterhouse Independent Advisor Services business. Bruton worked at Merrill
Lynch from 2001 through 2005, presiding over Merrill's institutional custody
and trading businesses for Registered Investment Advisors. He directly
managed the business development, service and operations, and product
development areas for MMS. During the four years he presided over the
business, Bruton executed several new technology and service enhancements,
which helped to elevate their business to record levels. From 1994 to 2001,
Bruton served in various sales and sales management positions with Charles
Schwab Institutional. During this period, he managed top-performing sales
teams in both Northern California and New York.
The other appointments, which represent over 50 years of combined
experience, are as follows:
Western Regional Sales Vice President
* Jay W. Penn joins as Regional Vice President and manager of the Pacific
Region Sales Team after 7 years of success as Fidelity Registered
Investment Advisor Group's Regional VP of Sales in Northern California
and Oregon. Prior to joining Fidelity, Penn was the chief operating
officer of a $1 billion investment advisor firm in Dallas, Texas. Penn
is a Certified Public Accountant and holds two bachelor degrees from
the University of Oklahoma.
Sales Vice Presidents
* Eric D. Warlick joins as Vice President of Sales based in Portland,
Oregon, after 6 years as a Sales VP for Fidelity in the Northwest.
* David A. Caffrey, Vice President of Sales in New York, joins after 2
years at Fidelity. Prior to Fidelity, he spent 4 years as National
Sales Manager for Trust Company of America.
* Frank J. Pizzichillo returns to TD Waterhouse Institutional following
6 years at Fidelity. He joins as Vice President of Sales, based in
Philadelphia, PA.
* Paul S. Polese joins as Vice President of Sales for the Northeast
Region following 2 years as a VP of Sales at Pershing's Investment
Management Services division. His experience includes 6 years as a
portfolio manager at Pinnacle Associates, a New York-based investment
management firm.
About TD Waterhouse Institutional Services
At TD Waterhouse Institutional Services, we are fully committed to the
individual success of each advisor relationship. At every touchpoint - from
our cutting-edge technology platform to our world-class customer service, from
our seamless account integration process to our value-driven pricing, TD
Waterhouse Institutional Services adds exceptional value to both advisors and
their clients.
TD Waterhouse Institutional Services provides comprehensive financial
services to 2,600 fee-only and fee-based independent financial advisors and is
a division of TD Waterhouse Investor Services, Inc. (member NYSE/SIPC), a
subsidiary of TD Waterhouse Group, Inc. For more information, please visit
http://www.tdwaterhouseinst.com.
About TD Waterhouse
TD Waterhouse Group, Inc., provides investors and financial advisors with
a broad range of brokerage, mutual fund, banking, and other consumer financial
products. Worldwide, TD Waterhouse currently has 3.2 million active customer
accounts. TD Waterhouse is a wholly-owned subsidiary of The Toronto-Dominion
Bank (NYSE/TSE: TD) and part of TD Bank Financial Group. Headquartered in
Toronto, Canada, with offices around the world, TD Bank Financial Group offers
a full range of financial products and services to approximately 13 million
customers worldwide. In the U.S., brokerage services are provided through TD
Waterhouse Investor Services, Inc., Member NYSE/SIPC.
SOURCE TD Waterhouse
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Related links:
http://www.tdwaterhouse.com
http://www.tdwaterhouseinst.com
Company News On-Call:
http://www.prnewswire.com/comp/959635.html
CONTACT:
Jennifer Hallahan, TD Waterhouse,
+1-212-908-7123, JenniferHallahan@TDWaterhouse.com
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