Evercore Wealth Management has recruited Randy Allison Hustvedt as managing director and wealth advisor.

Hustvedt joins the company from Federal Street Advisors in Boston, Massachusetts, where she founded and led its family office practice. She also previously co-founded Longvue Advisors, which grew to have around $1 billion in assets.

In her new role, Hustvedt will report to Wendy Barasch, a partner and head of business development based in New York.

Evercore Wealth is a subsidiary of Evercore Partners and specializes in the financial services needs of high net worth individuals, families, and related institutions. As of 31 March 2011, the firm had around $2.8 billion in client assets under management.