Ed Barone

Ed Barone
Wealth Manager & CBEC

Ed is a seasoned wealth manager and a Certified Business Exiting Consultant. Ed brings more than 18 years of experience assisting affluent families and business owners with liquidity strategies, investment management, business succession, and legacy and philanthropic planning to the Evergreen Wealth Solutions ensemble.

  • Ed's Reasons Why
    Evergreen’s client centric culture, allows our team to develop customized holistic planning and investment strategies for our business owners and their families.

He previously held the position of Vice President, Senior Client Advisor for Wilmington Trust, where he led a team of wealth and fiduciary professionals who provided investment management, legacy planning, and business succession strategies. Prior to that role, he worked with ING Financial Partners as an investment advisor for 10 years.

A native of Williamsport, Ed has a long history of working with families and business owners, providing a comfort level that draws upon his personal and professional experience. Being from a family of nine children helps Ed understand family dynamics in privately held, family-operated businesses. He has notable experience with generational planning and helping families transfer wealth. 

“Understanding the personalities within a family seems to be natural for me,” Ed says. In addition, Ed draws from his time with Marriott International, Inc. as its food and beverage director in the Washington, D.C. - Baltimore metro region, overseeing budgets of over $10M. 

“I understand the challenges of running day-to-day operations and can connect with owners at that level,” he says.

Ed Barone and his family“The foundation has raised funds to rebuild the Williamsport High School stadium, granted teachers the funds to initiate new programs, and, last year, two students were provided funds to revamp the planetarium,” Ed says. “You can really see how the foundation is making a difference to enhance the educational experience for WASD students.”

Ed is charitable in his own ways through time and money; however, Ed believes giving is a private gesture.

“People who are charitable have a passion first,” he says. “And then the tax benefits of being charitable is where we can help them maximize their legacy planning.”

Ed is married and the father of two children, both of whom attend Pennsylvania State University. 

His professional and personal philosophy is shaped by the following quote by Bill Bullard, former Dean of Faculty at San Francisco University High School: “Opinion is really the lowest form of human knowledge. It requires no accountability, no understanding. The highest form of knowledge is Empathy, for it requires us to suspend our egos and live in another’s world.” 

 

The Certified Business Exit Consultant (CBEC) designation is offered by Pinnacle Equity Solutions, Inc. and is designed to both educate and put advisors in the business of exit planning for privately held business owners. In order to achieve this designation, applicants must complete approximately 30 hours of course work, complete a five day certification course, and pass a proctored certification exam.