Southfield, MI-based wealth management and consulting firm CIG Corp has appointed Howard Margolis as its new managing director of wealth management.

CIG said it has “aggressive plans” for its wealth management division and that Margolis will enhance the firm’s brand presence and ability to serve a growing base of business owners, healthcare professionals and other clients.

Margolis was previously the managing director and director of wealth management for The Private Bank in Michigan. In that role, he was responsible for daily operations, business development and marketing at the bank’s wealth management, fiduciary and risk management services businesses. He also headed up its national financial advisory services team.

CIG Corp was founded by its managing principal, Osman Minkara, in 1997, as Capital Investment Group. It became CIG Corp in 2007.

The firm provides wealth management, business advisory services and alternative investments.