Managed Account Pioneer Frank Campanale Manages His Career
Frank Campanale, who developed a reputation as a pioneer of the managed account business in a 40-year career that took him from E.F.Hutton, Lehman Brothers and Smith Barney to First Allied Securities and Lebenthal, appears to be going back to his brokerage roots.
According to his Finra BrokerCheck record, the Ferrari-loving executive is now a broker in Birmingham, Michigan, with Wells Fargo Advisors private client group.
“I have not made any decision yet as to what role I am going to play at WF,” Campanale told us in an e-mail. “I will let you know as soon as I decide. However, it is a terrific company.”
A Wells Fargo spokesperson did not respond to a request for comment.
Campanale in recent years has tried to relaunch his career by reviving well-known but faded brand names. In 2012 he discussed creating a small advisory firm using the E.F. Hutton name, but the venture never got off the ground. Most recently, he was chief executive of Lebenthal Wealth Advisors, a registered investment advisor affiliated with New York municipal bond broker Lebenthal Holdings, but was 2015.
Campanale began his career at Merrill Lynch in 1976 and joined Hutton, which originated the managed account business, in 1977. He stayed with the company and its Consulting Group arm as they cycled through ownership changes involving Lehman and Citigroup (Smith Barney) until 2006. In 2007, he joined independent broker-dealer First Allied Securities, where he served until 2012 as chairman and CEO, according to .
Campanale’s registration with Wells Fargo was first reported by “Fundfire.”