Peter resides and works primarily in Westfield, NJ and joined Palumbo Wealth Management in February 2021. He brings more than 20 years of experience in the financial services industry, specializing in structured finance and wealth management. He has held senior roles at some of the nation’s largest financial institutions. Peter serves high-net-worth and ultra-high-net-worth individuals and families, helping them to understand their risk exposures and build a comprehensive plan.
With a passion for finance combined with leadership ability, affable personality and a strong desire to achieve, Peter has attained the skill set required to help individuals and families implement a sound financial plan. His career experiences have led him to see how most households suffer from limited planning and financial literacy.
Peter brings years of experience and focus in structured finance and wealth management that include various roles at the rating agencies, trust shops and one of the largest issuers of prime/Alt-A securities. Having held primary responsibility for closing billions in securitizations, he understands the pressures of time sensitivity and the duties required to succeed.
During his career, Peter has learned complex financial structures, raised institutional and retail equity, provided advanced motivational leadership and conducted strategic planning. He successfully launched a New York City office and expanded a Dallas-based private equity/commercial real estate firm’s footprint to the Northeast. Peter marketed the company, its funds and single property assets, and he garnered new investments while exploring potential expansion into wealth management.
Having obtained his Series 7, 66, 24 and life/health insurance licenses, Peter served as a Financial Advisor at AXA Advisors where he quickly excelled and received the company’s Rising Star Award three out of four times in the first 12 months of production. As a result, Peter was nominated to enter the firm’s management program and he completed the prestigious financial certification program offered by the Wharton School at the University of Pennsylvania. Peter managed and led large global teams and developed bench strength by training and mentoring junior advisors. He guided them in growing their book of business while maintaining his current clients and increasing his personal sales for his broader team. Peter’s drive and dedication enabled him secure his place as Managing Director at TrueNorth Financial Solutions, to serve as a member of its Executive Leadership Committee, and to lead the growth and development of the firm’s New York City office.
In his spare time, Peter enjoys watching any of his three children, Nicholas, Dylan and Juliana, participate in their sports and activities. He is active in his community by serving on the local board for St. Jude Children’s Research Hospital and helping to raise awareness and find a cure to end childhood cancer. Peter supports the LUNGevity Foundation as well as other charities that are dear to the family. He is a strong advocate for promoting financial literacy in underserved communities as well as exposing young students to the benefits of investing and planning. Peter and his wife Elissa enjoy their date nights as well as reading, being outdoors and working around the house when time permits.