Todd Millay to manage Choate Investment Advisors and liaise with attorneys. Boston-based law firm Choate Hall & Stewart has put former CCC Alliance partner Todd Millay in charge of its Wealth Management Group.

"Todd's extensive experience in the financial services and wealth management industries, along with his legal background, make him uniquely qualified to lead our Wealth Management Group," Choate's Managing Partners William Gelnaw and John Nadas says in a press release. "Under Todd's leadership, we will continue to offer clients independent, comprehensive and institutional-quality solutions to their wealth management needs."

Background

In addition to his position with the CCC Alliance -- a Boston-based network of about 100 family offices, each of representing in excess of $100 million in net worth -- Millay was also founding executive director of the Wharton School's Global Family Alliance research center on family business, wealth and philanthropy. Earlier in his career, he was a consultant with McKinsey.

In his new job, Millay will oversee the investment strategy and day-to-day operations of Choate Investment Advisors, Choate's RIA subsidiary, and collaborate with Choate's wealth management team of lawyers, tax preparers, and trusts and estates administrators.

"We offer clients a unique model of holistic wealth management from a trustworthy, experienced partner," says Millay. "It is a very complex undertaking but we make it simple and convenient for the client."

Choate's Wealth Management Group is responsible for almost $3 billion in assets belonging to high-net-worth individuals and families. -FWR

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