AdvisorTrust Board of Managers
- Nazareno J. Regalbuto (Reno)
- Mark B. Klein, Esq.
- Patrick J. O’Connor, Esq.
- John W. Schmehl, Esq.
- David Peterson
Nazareno J. Regalbuto (Reno)
Reno has been a leader in the financial services industry for more than 30 years. Prior to forming AdvisorTrust, Reno was the national sales manager
for retirement plan services at TDATC. In that role, he was instrumental in establishing and developing the institutional trust and custody business
and growing it to in excess of $17 billion in assets.
From 1999 through 2006, Reno was the Vice President in charge of New Business Development in the Corporate Retirement Services Group of Wilmington Trust Company. Reno managed a team that grew revenues through new business development by more than $2 million annually. In addition, he was a member of the senior management advisory council within the Corporate Client Services Department. From 1992 to 1999, Reno was the Vice President responsible for Trust Operations and Accounting. In that role, he was responsible for the development of Wilmington Trust's automated mutual fund processing platform. During his time at Wilmington Trust Company, he spent more than 10 years as a member of the Investment Company Institute's Bank and Trust Advisory Committee (BTAC). BTAC is responsible for the development and implementation of the current technology and methodology employed for the automated transacting of mutual fund processing (trading, trade confirmation and income collection).
Previous to this, Reno held various positions as Vault Manager, Float and Due from Banks Manager, Capital Markets Operations and Foreign Exchange Operations Manager.
Reno is a graduate of LaSalle University and the Central Atlantic Trust School. He also holds Series 7 and 63 Securities Licenses.
Mark B. Klein, Esq.
Mark is the CEO of PCS, a third party administrator and recordkeeping firm, where he leads a team of professionals responsible for marketing and administering retirement/401(k) and executive compensation programs. PCS provides administrative and recordkeeping services for over 1,100 DC plans with approximately $2.5 billion in plan assets. In 2012, for the 5th year in a row PCS was ranked as one of the fastest-growing, privately-held businesses by the Inc. 5000. In 2011, as result of making the list as one of the 100 fastest-growing, privately-held businesses in the Philadelphia region for 5 consecutive years, PCS was inducted into the Philadelphia 100 Hall of Fame.
Mark is also a partner in the tax department of Dilworth Paxson, LLP where he concentrates his practice on overseeing the design, drafting, and implementing qualified and non-qualified retirement plans and welfare arrangements. He also counsels clients on ERISA issues in mergers and acquisitions; fiduciary issues; prohibited transactions; COBRA and HIPAA issues; and plan terminations. Mark's executive compensation work includes drafting and advising on qualified and non-qualified 457 plans, employee stock purchase plans, incentive stock options, non-qualified stock options, stock appreciation rights, split-dollar plans, and non-qualified deferred compensation plans (SERPS, "pure" deferred compensation and mirror plans). Mark is the author of numerous articles on employee benefits and gives regular presentations on employee benefits law to professionals and their clients.
Mark received his J.D from the Georgetown University Law Center in 1987 and his B.B.A from The George Washington University in 1984.
Patrick J. O’Connor, Esq.
Mr. O’Connor is vice chairman of Cozen O´Connor. Cozen O’Connor is one of the nation’s leading law firms with 575 attorneys in 22 cities on two continents. Mr. O’Connor has had a long and storied association with the financial services industry. He currently serves as chairman of the board of BNY Mellon Funds Trusts and of Franklin Security Bank.
Mr. O’Connor’s educational affiliations include serving as chairman of the board of trustees of Temple University and as a current member (and former chairman) of the board of Consultors for the Villanova University School of Law. Mr. O’Connor previously served as a member and chairman of the board of trustees of College Misericordia, and as a member of the board of directors at Kings College. In 2002, he was honored with the Gerald Abraham Alumni Association Award for Service by the Villanova Law Alumni Association. In 2013, Patrick received honorary degrees from two of Philadelphia's major universities, Temple University and the Villanova University School of Law.
John W. Schmehl, Esq.
John advises clients on tax aspects of mergers and acquisitions; spin-off, split-off and split-up transactions involving the tax-free division of assets; structuring executive compensation plans, including advice on golden parachutes and §409A deferred compensation issues; preservation of net operating losses and §382 studies; insolvency and bankruptcy planning, including forgiveness of debt issues; §1031 like-kind exchanges; S corporations; formation of limited partnership and limited liability companies; and state and local tax issues. With four years of experience as an IRS trial attorney, John continues to advise clients in tax controversies from audit to appeal to litigation, both in the United States Tax Court and in tax refund litigation in District Court or the Court of Federal Claims. He also advises on private letter rulings and technical advice, on IRS collection matters, and works with the firm's Corporate Investigations/White Collar Group to defend fraud and criminal tax investigations.
As an IRS District Counsel attorney, John advised revenue agents, revenue officers and special agents in civil, collection and criminal tax matters.
John received his L.L.M. in Taxation from Temple University School of Law in 1982, his J.D., cum laude from the Pennsylvania State University Dickinson School of Law where he was Editor of the Dickinson Law Review and received the Edwin Polisher and Prentice-Hall Awards in Taxation, 1978. John received his B.A., cum laude in Psychology from Muhlenberg College in 1975.
David is a Trust Officer and Assistant Compliance Officer with South Dakota Trust Company, LLC. Prior to joining South Dakota Trust Company, David was a financial institution examiner for the South Dakota Division of Banking for almost five years. David served as examiner-in-charge on examinations of public and private trust companies chartered in South Dakota. While at the Division, David completed the Certified Examiner-in-Charge program as established by the Education Foundation of State Bank Supervisors. David is also a recent honor graduate of Cannon Financial Institute and attained the designation of Certified Fiduciary and Investment Risk Specialist.
David attended the University of Sioux Falls, in Sioux Falls, South Dakota, and received his Bachelor of Arts degree in Business Administration in 2000. He also attended Creighton University in Omaha, Nebraska, and received his Juris Doctor and Masters of Science in Electronic Commerce in 2003.