Big Changes Happening at Spinnaker Asset Management

As the old decade turns into the new decade, Warwick-based Spinnaker Asset Management has taken positive steps to serve their clients and address their growing needs.

Spinnaker President, Ronald Kent, recently hired Lisa Picillo as a new Financial Advisor. Her responsibilities include developing relationships with both new and existing clients, providing advice and financial planning services, analyzing industry trends and educating clients.

Picillo said the seeds for working at Spinnaker were sown roughly one year ago during a chance meeting at a networking event. She recalled how they aligned in both their values and investment philosophy.

“I had just started working at Merrill Lynch at the time I met Ron,” said Picillo. “For the next several months, we would meet for coffee and talk about the industry and markets. I realized our skill sets are complimentary and we share the same values and investment philosophy. Ron offered me a position at Spinnaker early on and as we continued to meet, it was clear to me that it was time for me to make a change.”

Kent said that Picillo, “checked all of the boxes” when it came to what he wanted in a Financial Advisor.

“I wanted to find someone with industry experience who was stable, devoted, had a good personality and good at building relationships. Lisa has all of these qualities and is a great addition to shaping the future of this firm.” said Kent.

Picillo has been in the investment industry for more than two decades. She began her career in Financial Services at Fleet Bank as a retail customer service representative in 1998. In 2004, after the Fleet and Bank of America merger, she continued her career with Bank of America and took on other roles including consumer loans, technical support, branch support and business analyst.

In 2007, while expecting her twin girls, Picillo had the opportunity to obtain her Series 7. Upon obtaining her license, she began a position as an Investment Advisor Representative with Banc of America Investments. Shortly after the birth of her daughters, Picillo accepted a position as a Trader at Fidelity Investments. She held the role for two years before transitioning to a Client Manager within the Institutional Wealth Management Group, which she held until 2018.

In addition to holding a Series 7, she holds Series 66 and RI life & Health.

She graduated from Rhode Island College in 1998 with a Bachelor’s Degree in Communications. Picillo is married with 3 children and lives in North Smithfield, RI.

Picillo believes strongly in giving back and helping others. She enjoys spending time volunteering in local schools and various non-profit organizations.

Trading Places…

In addition to hiring Picillo, Kent announced that Spinnaker Asset Management has moved their office from Post Road to 400 Commonwealth Ave., Unit #7 in Warwick.

Kent said the move was made to be more centrally located in town and to better serve their clients.

Spinnaker works with individuals, families and small business owners to help them take the complexities out of their finances. They understand that clients have different lifestyles, priorities, values and goals. Working with clients, their focus is on developing suitable financial strategies to achieve both short and long- term goals that matter most clients.

To inquire about a free, no-obligation consultation, please contact either Ronald Kent or Lisa Picillo at 401-884-3210. They may be reached via email at and , respectively.

Additional details about the company may be found by visiting their website at .

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