The New York-based asset manager Northern Star Capital Holdings has acquired Capital Guardian Holdings, while appointing Richard Moran as president and chief operating officer.

The New York-based asset manager Northern Star Capital Holdings has acquired Capital Guardian Holdings, while appointing Richard Moran as president and chief operating officer.

Moran brings more than two decades of senior executive leadership expertise with prior experience at firms including Symetra Financial, UBS and Bear Stearns. Additional announcements of key management team members will follow, Northern Star said.

Capital Guardian is a broker-dealer, RIA and wealth management firm with corporate offices in New York, Palm Beach, FL, Miami, FL, and Charlotte, NC. The firm has a national network of wealth advisors operating from 22 offices in 11 states, serving over 10,000 retail clients.

Northern Star has been providing asset and wealth management services for international families and institutions for years, with strong experience in Europe, and North and South America.

“We have been seeking to acquire a full service RIA and broker-dealer with international capabilities in order to expand our product offerings and access to broker-dealer services for our clients,” said Patrick LeBedis, managing partner and co-founder of Northern Star. 

Northern Star is a family investment office focused on hedge funds, private equity, and liquid alternative investments. With the purchase of Capital Guardian, AuM in commingled funds and managed accounts will exceed $3 billion.