Thursday, July 28, 2022
We often discuss succession planning with clients that own their own businesses, so we know how important it is for Palisade to be prepared for all kinds of potential changes. We are continuously evolving our internal succession plan so that transitions among Palisade team members are as seamless as possible, with the goal of ensuring Palisade’s client relationships endure across generations. This is the only way we can deliver best-in-class service despite inevitable changes – both planned and unexpected.
Since Palisade’s inception in 1995, co-founder Jack Feiler has partnered with his son Michael to manage many of the firm’s private wealth relationships. Jack has now made the difficult decision to step back from his day-to-day responsibilities at Palisade after 27 years at the firm and over 50 years in the financial services industry. Jack has held various positions at Palisade during his tenure and, while he will no longer be working full-time, he will remain an important figure and mentor at Palisade. Jack will continue to serve on Palisade’s Board of Directors, providing important perspective and insight, and he will remain active in select Feiler team relationships.
With Jack stepping back, Michael Feiler will now officially be the lead Portfolio Manager for all Feiler clients, as always, leveraging our deep bench of talented investment, risk, client service, and compliance professionals. Michael has been with Palisade since its founding, joining the firm shortly after completing the executive training program at Smith Barney. Michael has had a leading role on many of the firm’s key client relationships, and, in 2017, he was promoted to Managing Director in our Private Wealth Management group. Michael has served on Palisade’s Board of Directors since 2018 and been a member of the firm’s Operating Committee since its inception, helping shape the overall direction of the firm’s Private Wealth Management business.
Alison Berman, Palisade President and Chief Executive Officer, shared, “We cannot even begin to describe Jack Feiler’s tremendous contributions to Palisade’s business over the past 25+ years, and we appreciate the wisdom, perspective, and expertise he has brought to our firm. We know Michael will continue to serve our clients with the same high standards and dedication that Jack taught all of us, and I am confident our clients remain in good hands for years to come.”
This transition was carefully planned over several years as part of Palisade’s overall succession planning efforts. We are pleased to see Michael reinforce the stability and enduring nature of our firm and are excited to see Palisade’s next generation of leadership meet the evolving needs of our clients.
We encourage you to reach out to us with any questions and ask you to join us in wishing Jack all the best in the years ahead!
Very truly yours,
Jack Feiler, Co-Founder & Vice Chairman
Michael Feiler, Managing Director
Alison Berman, President & Chief Executive Officer
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