Frank Porcelli

Senior Advisor (New York, NY)

Frank Porcelli has had a distinguished 30+ year career in asset management and wealth management. While he was at BlackRock (NYSE: BLK), one of the world’s largest asset management firms at nearly $10 trillion of assets under management, he headed its U.S. Wealth Business and was a member of their Operating Committee and helped that division grow assets under management from $250 billion to $1 trillion.

Mr. Porcelli is widely known in the industry as an exceptional leader with an open and collaborative leadership style. He has an extensive network of contacts throughout the industry and has access to virtually all organizational levels within nearly every major firm.

Mr. Porcelli retired from BlackRock after 14 years, where he served as a member of the firm’s Operating Committee and head of the firm’s US wealth advisory business.  As the head of US Wealth Advisory, he had been responsible for integrating iShares with active coverage, creating the independent channel and shifting BlackRock’s strategic focus from product sales to portfolio construction. More recently, he primarily focused on the firm’s digital wealth business, bringing Aladdin wealthtech products to the US markets, developing and distributing BlackRock’s retirement platform iRetire, as well as serving as an advisor to and board member of iCapital.

Prior to joining BlackRock, Mr. Porcelli served as the managing director of institutional sales and consultant relations at Putnam Investments for six years and director of corporate asset management services at Goldman Sachs for three years. Previously, he held various roles at Smith Barney, including director of retirement services, head of unit investment trusts, chief operating officer of Smith Barney Mutual Funds and manager of strategic planning.

Mr. Porcelli is currently Managing Partner at Convergency Partners, a unique advisory and consulting business focused on the formulation and execution of growth strategies for asset management, wealth management and financial technology clients.

He earned his bachelor’s degree in accounting from Pace University and is on the Board of Trustees of Partnership Schools, a non-profit supporting elementary school education in underserved communities.

As an aligned Senior Advisor, Mr. Porcelli assists Star Mountain with deal origination and investor relationships, industry and other strategic insights to help Star Mountain and its portfolio investments maximize value.