CLEVELAND, OH--(Marketwired - May 9, 2016) - Equity Trust Company, a financial services company offering retirement accounts and alternative asset custody for individuals and financial institutions, today announced the appointment of Matt Wilson to the position of Chief Executive Officer. His predecessor, Jeff Desich, will remain actively involved with the company as Executive Vice Chair.
"Bringing on Matt as CEO is an investment in the long-term success of Equity Trust Company," said Desich. "Matt's track record in change management processes, improving operations and growing distribution channels will help position Equity Trust to reach new customers, including advisors and institutions, as we seek to become a larger player in the financial services industry."
Wilson, the former CEO of Scottrade, Inc., joined Equity Trust as COO in November 2015. He has nearly 20 years of experience in various leadership roles within brokerages and financial services companies. He has overseen significant growth in assets and new businesses in his career. During his tenure at Scottrade, he grew the firm's assets under management by more than 40 percent, successfully launched two new business lines and strengthened the firm's leadership team. The changes he implemented helped earn the company JD Power's highest rating for satisfaction in self-directed investing in back-to-back years.
Before Scottrade, he was at TD Ameritrade as Head of Retail Sales & Solutions. In that role, he helped develop the company's multi-channel distribution strategy. He also held various senior sales positions with Charles Schwab.
Mr. Wilson received his bachelor's degree from the University of Missouri and completed post-graduate, executive education at Harvard and the University of Kansas.
"I am excited and honored to be entrusted with serving the Desich family and the employees and clients of Equity Trust," said Mr. Wilson.
About Equity Trust Company
Equity Trust Company is a financial services company that provides a platform for individual investors, financial professionals and institutions to invest in alternative asset classes, including real estate, tax liens, private equity and precious metals. The Equity Trust family of companies offers custodial services for alternative investments, investment in alternative assets with individual retirement accounts, back-office solutions for RIAs, brokerage services, directed trustee services and more. Equity Trust Company evolved from a predecessor brokerage firm which started in 1974, to a financial services company today serving more than 300,000 accounts, representing over $30 billion in assets under custody and administration. For more information, visit https://www.trustetc.com/.