Steve Perillo Leaves Santander to Join Waddell & Reed in Staten Island, New York
Financial advisor Steve Perillo has departed Santander Securities after nearly seven years to join Waddell & Reed, bringing his Staten Island practice to an advisor-owned model.
Filed by Winthrop & Co.
STATEN ISLAND, NY — Winthrop & Co. is proud to formally announce that Steve Perillo has joined Waddell & Reed, continuing his practice in Staten Island.
Steve spent nearly seven years at Santander Securities in Staten Island, building a planning-centered practice serving families across the borough. His move to Waddell & Reed shifts that practice onto a platform built around the advisor: ownership of the client relationships, open-architecture investments, and the flexibility to serve clients on his own terms rather than through a bank program.
Waddell & Reed brings one of the industry's longest histories in financial planning, and its wealth management business is set to gain additional scale through LPL Financial's recently announced acquisition of the firm, pairing Steve's practice with the resources of the nation's largest independent broker-dealer platform.
His transition reflects a choice Winthrop & Co. sees many bank-channel advisors make: keeping the relationships they built while gaining a structure in which those relationships are genuinely theirs.
Winthrop & Co. worked with Steve through his evaluation and transition, from the initial confidential conversation through his first day. As with every placement, the process was run quietly, on his timeline, and at no cost to him.
Winthrop & Co. is an independent consulting and advisor placement firm serving financial advisors nationwide. We represent the advisor, never the firm, across wirehouse, regional, independent broker-dealer, and RIA channels. Advisors exploring their options can request an introduction in complete confidence.
Filed
February 3, 2021