Peapack-Gladstone Bank provides innovative private banking solutions and advice to individuals and businesses through its expertise in wealth management and its unparalleled commitment to clients — many of whom have been with PGB for decades. While historically a community bank, PGB has evolved into a full-service financial boutique that has expanded its offerings in wealth management to include solutions for every stage of the wealth lifecycle.
Our Private Wealth Management Division offers fully comprehensive financial, tax and investment advice. With a focus on cash flow, debt management, income and estate taxes, insurance and investments, we help families set and achieve their goals by developing a concise set of recommendations, designed specifically for them.
Wealth Management Consultants provides comprehensive financial, tax and investment advice to ultra high net worth individuals. This involves identifying a family’s financial goals and developing analyses to compare varying approaches to achieving these goals. From there we develop a detailed, but concise set of recommendations to help achieve those goals. Areas of particular focus are:
The firm has a particular expertise in advising senior corporate executives on a variety of complex retirement plan issues, stock option and deferred compensation plans and the tax and financial aspects of employment contracts.
With an advice-led business model, WMC focuses its attention on client net worths in excess of $25 million. In essence, WMC acts as a family’s CFO, working to develop strategies regarding their balance sheets and their income statements, and helping them implement and execute on those strategies to achieve their goals and objectives. WMC provides its investment-advisory solutions via a sophisticated, state of the art, open architecture platform.
In addition to working with individual clients and families to help them define and achieve their goals and objectives, Peapack-Gladstone Bank also provides institutional advice and service to Endowments, Foundations, Pension Plan Sponsors, Labor Unions, Churches, Synagogues, Hospitals, Cemeteries and other Not-For-Profit and Eleemosynary organizations.
Our value-add in this middle market is working with plan committees by defining goals, crafting Investment Policy Statements, offering advice on asset allocation, reviewing benchmarks and rebalancing accounts.
Within our institutional division, we focus on organizations that are largely underserved by the larger banks and asset managers – those entities with assets ranging between $3 Million to $250 Million. PGB services these organizations by providing:
Our proprietary, solution-based asset management advice offers core equity management with a value tilt along with quality government and corporate fixed income investments with intermediate maturities. These portfolios are customized in separate accounts for clients.
We provide open architecture investment solutions to our institutional clients and are able to provide additional diversification and mitigate risk in client portfolios through our access to comprehensive research, analytical tools and databases that help us construct investment solutions using best in class, third-party investment managers across the full spectrum of traditional and alternative asset classes.
From college savings and retirement planning, to estate planning and income tax reduction strategies, we offer the financial tools that can help you plan and save for tomorrow through LPL Financial. Member FINRA/SIPC.
++Securities and insurance products offered through LPL Financial and its affiliates.
|Not FDIC Insured||No Bank Guarantee||May Lose Value|
|Not a Deposit||Not Insured By Any Government Agency|
John P. Babcock
Senior Executive Vice President, President of Private Wealth Management
Thomas J. Ross, Jr.
Executive Vice President, President of Wealth Management Consultants
Daniel J. Leary, III
Senior Managing Director, Chief Fiduciary Officer
Senior Managing Director, Institutional Private Banking
Glenn R. Straffi
Senior Vice President, Head of Residential and Consumer Lending
PEAPACK-GLADSTONE BANK IS A HIGH-PERFORMING BOUTIQUE BANK, LEADERS IN WEALTH, LENDING AND DEPOSIT SOLUTIONS, KNOWN NATIONALLY FOR UNPARALLELED CLIENT SERVICE, INTEGRITY AND TRUST.