Soltis Investment Advisors Appoints Neal Simon and Clive Cholerton to Board of Directors

With over 30 years of combined industry leadership experience, Simon and Cholerton will help support Soltis execute on key growth initiatives

Soltis Investment Advisors (“Soltis”), a Registered Investment Adviser (“RIA”) with more than $10 billion of client assets, today announced Neal Simon and Clive Cholerton have been appointed to its Board of Directors. The appointments help to strengthen Soltis’ leadership position as it continues to scale operations and meet the needs of its growing client base.

“We are fortunate to have both Neal and Clive join our Board of Directors,” said Kim Anderson, CEO of Soltis. “Their extensive leadership in the RIA market and strategic acumen will be instrumental in shaping the next phase of our organization’s growth and success.”

Neal joins the Board with over two decades of strategic and leadership experience in wealth management. Previously, he served as Founder and CEO of Highline Wealth Management, a Maryland-based RIA which he grew to $1.4B in assets under management (“AUM”) as of 2015, before merging with Bronfman Rothschild. He then served as CEO of the combined business, growing it to $6.0B AUM as of 2019. Neal brings Board experience with other RIAs including Savant Capital Management (prior Board member) and Exencial Wealth Management (current Board member).

Neal will support Soltis in the planning and execution of organic growth initiatives as well as M&A and RIA partnerships. “As an enthusiastic advocate for the RIA industry, I am excited to join the Soltis Board,” said Simon. “Soltis has a deep and talented management team along with strong private equity backing, positioning it well for explosive growth in the coming years.”

Clive brings a combination of platform innovation, practice management and business development experience to the Soltis Board. He previously served as Executive Partner at Quintessence Wealth Partners (“Q Wealth Partners”), a Toronto-based portfolio management firm. Prior to Q Wealth Partners, Clive served as Senior Vice President and Head of Partnership Development at FinLife Partners, a division of United Capital Financial Advisers LLC (“United Capital”), which he helped grow to over $25B in assets among partner RIAs as of 2019. Clive stayed with United Capital to facilitate the integration of FinLife into Goldman Sachs upon their purchase in July 2019.

Cholerton will help Soltis professionalize operational processes, modernize technology integrations, enhance client experience and support with inorganic opportunities. “I am honored to join the Soltis Board,” stated Cholerton. “Soltis has a solid infrastructure to grow from and is well on its way in establishing a major presence in the U.S. RIA landscape.”

ABOUT SOLTIS

Soltis Investment Advisors, LLC is an SEC registered investment advisory firm based in St. George, Utah. With more than $10 billion in assets under management/assets under advisement, Soltis is one of the largest independently owned and operated wealth management firms in Utah. Soltis provides comprehensive financial planning and investment management services to individuals and families. In addition, the firm offers investment advice and consultation services to retirement plan sponsors (primarily small to medium sized businesses that have experienced a significant level of success). As a fee-only firm, Soltis does not receive any commissions or third-party compensation. The firm’s fiduciary status provides a legal framework within which clients enjoy professional financial advice and investment options driven by their best interests, goals and objectives. Soltis has been recognized by the Financial Times (top RIA and top Plan Sponsor lists) and Barron’s (the only Utah independent Registered Investment Advisory firm on the 2015 top independent advisors list). Soltis did not pay any compensation in connection with its inclusion in these recognitions, ranking or awards. Soltis, however, in most cases subsequently purchased marketing materials from the respective award sponsor. The firm, founded in 1993, is one of the few in Utah to have been recognized across multiple rankings in multiple years. At Soltis, the mission is to create, build, and manage wealth so clients are free to pursue life’s most important endeavors. For more information, including the selection criteria for the rankings and recognition by the publications mentioned, visit www.soltisadvisors.com.

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“We are fortunate to have both Neal and Clive join our Board of Directors. Their extensive leadership in the RIA market and strategic acumen will be instrumental in shaping the next phase of our organization’s growth and success.”