For Immediate Release – Managing Directors Fabrizio D’Uva and Charlie Abboud join Newcleus with Account Executive Amanda Hoffman
NEWTOWN, Pa., May 4, 2022 – Three professionals with decades of experience in Bank-Owned Life Insurance (BOLI) and non-qualified benefit planning have joined Newcleus, the Newtown, PA-based firm that designs, administers and services creative compensation, benefit, investment and finance strategies. Newcleus is rapidly growing, adding the best and brightest industry experts in response to the competitive banking market and the greater demand for creative investment, compensation and retention strategies.
Managing Directors Fabrizio D’Uva and Charlie Abboud and Account Executive Amanda Hoffman join Newcleus from Pentegra, where they had grown a loyal clientele through their specialized knowledge of bank-owned life insurance (BOLI) and non-qualified benefit planning. At Newcleus, D’Uva, Abboud and Hoffman will continue to serve the banking community and be able to enhance their servicing and product offerings to their clients while providing a smooth transition and undisrupted administration.
“We are extremely excited to add such quality talent to our team,” said Daniel Barbaree, President & CEO of Newcleus. “We are looking to constantly enhance our ability to support our clients and industries and it starts with finding experienced talented advisors. This group has a long-proven track record while working at Pentegra and we are excited that our systems, strategies and back-office team will only help them to enhance the level of support and opportunities for their clients.”
D’Uva, Regional Managing Director for Newcleus Bank Advisors, brings more than 20 years of industry expertise as a non-qualified benefit and BOLI consultant and a director of client services with firms specializing in the administration of non-qualified benefit plans and BOLI for community banks.
Abboud, Regional Managing Director for Newcleus Bank Advisors, has decades of experience and knowledge about non-qualified retirement plan solutions and BOLI, benefit plan design and financing strategies, as well as, supplemental executive retirement plans (SERPs), deferred compensation and incentive plans.
Hoffman, Newcleus Bank Advisors Account Executive, is a business professional with 19 years of experience in all aspects of executive benefit plans and related financing strategies, including designing, implementation, administration and client service. She holds a Pennsylvania Life and Health Insurance license, as well as Series 6 and 63 securities licenses.
Newcleus is enhancing its administration systems and support and expanding its team of highly experienced advisors with world-class knowledge of executive compensation and financing and investment strategies to provide the trusted relationships organizations value as they merge, consolidate and specialize to maintain a leading place in the market and grow their businesses.
About Newcleus
Newcleus powers financial institutions and their employees by designing and administering secure compensation, benefit, investment and finance strategies. We have created a team, culture and technology that ensures that all clients receive exceptional service and a greater return on their investment. We’ve designed our own software to successfully manage our client’s investments in a way that is customizable to their needs. We produce, research and share thought leadership articles with our client base and community. We analyze trending information and survey experts in our field to provide our 750+ clients with the most cutting-edge solutions in the marketplace.
Learn more about Fabrizio, Charlie and Amanda on our Team Page.