Both appointees will report to Boston Private Wealth's president.

Boston Private Wealth has promoted Tom Anderson to chief operating officer and Shannon Saccocia to chief investment officer, it announced yesterday. 

Anderson previously served in a dual role as CIO and COO, while Saccocia was chief investment strategist. 

Anderson, who took on COO duties at the start of the year, will now shift his focus entirely to COO responsibilities, which include trust and client advisory services in addition to business development initiatives.

Saccocia will oversee the Boston Private Wealth’s investment policy and direct investment strategy, research, portfolio management, trading, asset allocation and investment risk management functions. 

Both will report to Scott Dell’Orfano, president.