NEW YORK--(BUSINESS WIRE)--Wentworth Management Services, LLC (“Wentworth”), a holding company that specializes in acquiring independent broker-dealers and insurance agencies, announced today the addition of finance industry veteran Michael Breath. Breath comes to Wentworth from SunTrust Bank to serve as Chief Financial Officer (CFO) of the holding company effective September 17, 2018.
“We are thrilled Michael is joining Wentworth’s growing family. His executive leadership and expertise in finance will help the firm reach its goals in the years ahead,” said Ryan Morfin, Wentworth Management Services CEO. “Michael’s career has led him to assist in growing a robust set of businesses for large financial institutions and his track record of solid growth will allow us to maximize and integrate our expanding firm’s holdings.”
Breath will join Wentworth as part of the executive leadership team and will report directly to Morfin. In his primary role, he will oversee all finance, accounting, control, treasury, tax, and analysis functions. Additionally, Breath will play an integral part in Wentworth’s strategic initiatives, which include mergers and acquisitions, and integration through economies of scale.
Prior to joining Wentworth, Breath served as CFO for the Consumer Segment of SunTrust Bank in Atlanta, Georgia, where he oversaw financial strategy and implemented client and product profitability systems. He managed and supervised all control functions for a $6.2 billion revenue business and other risk functions associated with financial records and management.
While at SunTrust, Mr. Breath was also CFO for Retail Banking and Private Wealth Management. He worked with the technology team to redesign asset management reporting to add transparency to asset flows in both Trust and Brokerage businesses.
“The Wentworth team is committed to principled investing activities and building long-term relationships with clients,” Breath said. “I am inspired by Wentworth’s enthusiasm for growth within the wealth management industry and am excited to be part of this talented team.”
About Wentworth
Wentworth Management Services, LLC ("Wentworth") is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers and insurance agencies to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base. The firm also includes a dealer manager business, investment banking division and a wholesale distribution division. For more information, see www.wentworthms.com.
