New kid on the block Cantor Fitzgerald Wealth Partners has made an “aggressive” expansion of its advisory team a priority with the hire of two senior recruitment specialists.

New kid on the block Cantor Fitzgerald Wealth Partners has made an “aggressive” expansion of its advisory team a priority with the hire of two senior recruitment specialists.

Joining the 18-month-old firm are Jack Mounts as managing director and head of recruiting and Michael Lonk as vice president and senior recruiter.

The pair will continue the firm’s expansion plans put in place from its inception, helping to bring “high-caliber team members” to CFWP. The pair will report to Scott Hotham, executive vice president and head of US private wealth management sales.

"Cantor Fitzgerald Wealth Partners is committed to aggressively growing its national presence and cementing itself as the premier destination for advisors looking to grow their business with a national brand supporting them the entire way," said Hotham.

In an interview with this publication in May, Cantor Fitzgerald Wealth Partner’s president and chief executive Stan Gregor said the firm is looking to “aggressively” expand in the future through recruiting registered investment and financial advisors, as well as acquisitions.

“We are so focused on growth. The partners that we look to attract have to have a mindset that they want to grow. The fact that we are partners as opposed to employees means there is a shared interest globally with the other partners to have new partners be successful,” Gregor said. (To read more of this interview, click here.)

Both Mounts and Lonk move from Merrill Lynch; Mounts was latterly director of recruiting in the Southeast, South Atlantic and Pacific West markets while Lonk served as a recruiter.

Mounts spent the past 21 years at Merrill Lynch, and prior to this held various posts at Prudential Securities. During his career he has also been a financial advisor, manager and recruiting director.

Forming part of his 33 years in the industry, Lonk previously had spells in advisory roles at Merrill Lynch, Morgan Stanley Dean Witter and Raymond James Advisors.

Cantor Fitzgerald Wealth Partners is a subsidiary of Cantor Fitzgerald, a player in the financial sphere for over 65 years.