By Chris Glynn
Eric Sterner has left Prudential
Financial to become chief investment officer of $2.5 billion Apollon
Wealth Management.
The registered investment advisor,
headquartered in Charleston, S.C., is “fast growing,” Sterner remarked, adding
Apollon Wealth Management –numbering 55 staff in-house –should add investment
office and investment professional personnel in the near-term.
“But for now,” Sterner, based in
Bridgewater, N.J., noted he is “working to get the lay of the land” as far as
understanding the overall operation of the RIA.
A chartered financial analyst and
chartered alternative investment analyst, Sterner noted Apollon Wealth
Management is outsourcing its investment office to Fiducient Advisors (formed in March 2021 with the merger of Fiduciary
Investment Advisors and DiMeo Schneider & Associates).
He went on to explain he will work
with Fiducient Advisors on asset allocation as well as fund monitoring and
research selection. Sterner will report to Michael Dolberg, the chief
executive officer and founder of Apollon Wealth Management.
In June 2019, Apollon Wealth
Management partnered with private partnership firm Merchant Investment
Management, a private capital provider, Sterner said.
Prior to joining Apollon Wealth
Management, Sterner led the strategic investment management group of Prudential
Group Investment Management as vice president of portfolio construction in
charge of a $65 billion multi-asset class.
Prior to joining Prudential
Financial in September 2017, he had worked for SSGA and MetLife.