BNY Mellon Wealth Management is planning to increase its sales force by 50 percent over the next two years, the firm announced.
The firm also intends to add private bankers and mortgage bankers, portfolio managers, wealth strategists and additional sales support staff.
The firm says it plans to strengthen the sales teams in its current locations and establish offices in other wealth markets. Over the past four years, BNY Mellon Wealth Management has made acquisitions in Toronto and Chicago, opened new offices in Dallas and the Cayman Islands, and added two new offices in Florida, where it now has a total of seven locations.
By the end of last year, the firm's total client assets reached a record high of more than $188 billion, making BNY Mellon Wealth Management one of the 10 largest U.S. wealth managers in 2012, according to Barron’s.
BNY Mellon has engaged Futurestep, a Korn/Ferry International Company, to partner in the hiring effort.