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The PricewaterhouseCoopers recruit will work with wealth management experts whose clients are looking for an investment bank to lead the sale of their business.

Honing in on ideal clients and increased AUM could be the payoff.

Not only are traders worried about tightening monetary policies from the Fed, but also the Trump administration’s struggle to enact pro-growth policies.

Bill Harris, head of the hybrid advice platform since its launch, will remain chairman.

The iShares unit has had other departures in recent years.

Drew Edwards is CEO of Ingo Money, a company he founded in 2001. Prior to Ingo, he founded and served as CEO and board chairman for Towne Services, an e-commerce company.

The average pay for managers has dropped nearly 14% in three years.