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Summary Of North America Moves In Wealth Management - January 2021

Editorial Staff February 23, 2021

Summary Of North America Moves In Wealth Management - January 2021

The roundup of wealth management executive and other senior moves in the market during January.

Advisor360°, a provider of an integrated suite of productivity tools for advisors, clients, and broker-dealers, appointed Chris Ollendike as senior vice president of sales. Ollendike has more than 20 years of experience providing bank trusts, broker-dealers, and registered investment advisors with wealthtech solutions, ideas and strategies. His most recent position as executive vice president, director of sales was at InvestEdge, which was sold to Featheringill Capital in 2020. Prior to that role, Ollendike co-founded FolioDynamix, a sales-focused software-as-a-service provider of investment management programs and wealth management platform solutions. (FolioDynamix was sold to Actua Corporation in 2014.)

CFA Institute appointed two new managing directors to join the leadership team. Paul Andrews was named managing director of research, advocacy and standards and Barbara Petitt was been named managing director of professional learning. Both report to CFA president and CEO Margaret Franklin.

Chilton Trust appointed Thomas Walsh as senior vice president of the Naples and Southwest Florida region. 

Walsh has worked for nearly 20 years with wealth management clients. Most recently, he served as a principal and senior client advisor at Bessemer Trust. He began his career with an investment focus as a portfolio analyst with a Sarasota-based RIA. Walsh holds a master of science in finance from the Kelley School of Business at Indiana University and a bachelor of science in finance from the Lutgert College of Business at Florida Gulf Coast University.

Touchstone Investments, a mutual fund company, promoted Mary T Mock to senior vice president and head of distribution. Mock started her career at Western & Southern Financial Group (Touchstone's parent company) in 2004 as director of corporate recruiting. In 2006, she began her tenure at Touchstone Investments, a member of Western & Southern. She led sales teams as sales desk manager and regional vice president before serving as divisional vice president. In this latest role, Mock led mutual funds distribution within wirehouse, regional, bank and independent channels in the South division.

UBS hired Lynn Hunter, a market administrative officer to lead business administration, financial management, talent development and operations across eight UBS branches in San Diego, California. Hunter has experience as vice president and business service manager with Morgan Stanley and as vice president and business initiatives manager for California with Wells Fargo Private Bank.

Icon Wealth Partners, a privately-held wealth advisor business based in Houston, Texas, appointed two senior figures. Brooks McGee and James Pavlik joined Icon as managing partners from Houston-based RIA Avalon Advisors, where they were both managing directors. Joining McGee and Pavlik are Allison McKibbon, senior client relationship manager and Jack Wiesen, senior investment analyst.

Julius Baer recruited six new relationship managers for the Hispanic American market. These hires formed a new team, based in Zurich, under the lead of Philipp Frischknecht; they report to Andrea Cuomo, sub-region head for Hispanic America (HISPA).

Frischknecht joined from Credit Suisse, where he headed the private banking international segment for Latin America. He was responsible for a team of about 15 RMs covering 10 countries in the region. He brings 15 years of experience in the private banking industry.

Rodolfo Lizárraga Delgado, senior RM, brings 12 years of private banking experience. He joined from BBVA in Zurich, where he was a team head. Ricardo Amorin, who has two decades of banking experience, was formerly at Credit Suisse. Jürgen Ritz, who also joined from Credit Suisse, has 10 years of banking experience. Horacio Ruiz Moreno is an experienced banker and wealth manager who previously worked at Credit Suisse and Banco de Galicia y Buenos Aires SA. Alejandro Moreno Basols, who joined from Credit Suisse, also worked at BBVA and Edmond de Rothschild.

EisnerAmper appointed Susan N Dupuis as a principal in its personal wealth advisors group. Dupuis has more than 20 years of experience providing tax consulting and compliance services to high net worth individuals, trusts and estates, private foundations and closely held businesses. Dupuis previously built and managed her own boutique practice. Prior to joining EisnerAmper, she served as a tax partner for a national accounting firm in Boston. 

Concurrent, a partnership of advisors affiliated with Raymond James Financial Services, appointed two teams in Kentucky. Tracy Thacker, head of Thacker Wealth and Retirement, and his team comprising Tammy Duncan, Penney Brooks, and Debra Thacker joined the Concurrent network. They were formerly with Edward Jones and hold $259 million in assets under management. Thacker is a native of Owensboro with more than three decades of experience in retirement, estate and financial planning, as well as portfolio and risk management. 

Brian Shapiro, former chief strategy officer at Private Client Resources, created a new business, Altstmark. The business is a software-as-a-service solution aimed at removing inefficiencies within private capital markets management and reporting. The firm is targeting private banks, investors, trust companies and wealth advisors. Shapiro was CSO at Private Client Resources from September 2017 to September 2020, according to his LinkedIn profile. He was also an operating partner and advisor, private equity and real estate fund services, for NES Financial. 

Aaron Wealth Advisors appointed Jennifer Barry as an investment advisor, managing director in Chicago responsible for providing comprehensive wealth management services to individuals, families, and related institutions. Barry previously had a 26-year career at Citigroup where she was a regional sales manager/MD for institutional equity sales in Chicago. Prior to her management role in Chicago, Barry was a senior sales producer in the Citi Boston office from 1997 to 2009.  She was a financial analyst at Salomon Brothers in High Yield Capital Markets from 1994 to 1996.

Sanctuary Wealth welcomed a new wealth management firm, Alluvial Private Wealth, to its embrace. The business, based in Marion, Ohio, and led by Lars Olson, oversees $435 million in client assets under management. In addition to Olson, the team includes his wealth advisor partners Manoj Sharma and Lisa Bush, both of whom worked with the Olson Vincent Sharma Group in Merrill Lynch’s Marion, Ohio office. Alluvial Wealth also has three wealth associates: Brooke Olson, Julie Webster, and David Olson, the last being Lars’ father and a Merrill Lynch veteran who came out of retirement to work with the team.

Prior to launching Alluvial Private Wealth, Olson spent 26 years with Merrill Lynch, rising to the position of wealth management advisor, senior vice president. He became a Certified Financial Planner™ in 2004 and has continued his professional education and earning certifications throughout his career. 

Wealthspire Advisors, the investment advisor, named Jim DeCarlo as its chief strategic growth officer. This was a newly-created role. DeCarlo, based in Fulton, Maryland, reports to Wealthspire chief executive, Mike LaMena.

Argent Financial Group, the US group operating across much of the southern states of the US, appointed Jason Farrington as creative director. Farrington is responsible for maintaining brand standards and design work that in the past required businesses to use outside vendors. 

Bank of New York Mellon Wealth Management, overseeing $265 billion of assets under management, named Charmaine Tang as senior client strategist, in Dallas, Texas. She reports to regional president, Todd Carlton.

Tang has 25 years of industry experience. Most recently, she was an executive director with JP Morgan Private Bank and the philanthropic market executive for the Central and West regions at Bank of America Private Bank. Prior to that, she was an equity analyst at Citi Investment Research and an investment banker at Morgan Stanley.

Schechter Investment Advisors, an independent registered investment advisor and private capital firm, added Alan Slaughter as director of investment services. Slaughter, a senior investment services professional with more than 14 years of experience in family office service and asset management, served in several roles with investment advisor firms in the Boston area, including Via Global Advisors, Merrill Lynch, Lake Street Advisors, and Athena Capital Advisors.

Thrivent, the US financial services group, named two senior figures within its advisory and wealth management businesses. It appointed Nikki Sorum as senior vice president of Thrivent Advisors and Luke Winskowski as senior vice president of Advice and Wealth Management. Previously, Sorum was senior vice president of membership and served in several key field and marketing leadership roles at Thrivent. Winskowski leads the newly-created advice and wealth management organization. Winskowski was previously vice president and head of the Thrivent Advisor Network, Thrivent’s platform for independent investment advisors, which he will continue to oversee.

Fiduciary Trust International appointed Miles Powell as regional managing director and senior relationship manager, based in Washington, DC. Powell, who reports to Lawrence Sternkopf, also oversees Fiduciary Trust International’s office in Arlington, Virginia. He came from Wells Fargo Private Bank in McLean, Virginia, where he served as managing director and senior director of investment and fiduciary services for more than a decade. In that role, Powell was responsible for the performance of the firm’s investment and fiduciary business in the mid-Atlantic region. 

Christian Mitchell joined The Holdsworth Group as a managing partner to lead a new consulting and advisory practice at the Pasadena California-based investment firm. Mitchell spent 40 years in global professional services on the corporate, government and non-profit side, advising on governance and finance, capital markets and mergers and acquisitions. 

Raymond James brought on board advisors Randy Campbell, Eric A Johnson, Mason McGiboney and Stacy Womack to its independent advisor channel. The group is based in Franklin, Tennessee.

The team, which includes registered client service associate Elizabeth “Beth” Wood, operates as Campbell Johnson McGiboney Wealth Advisors. Campbell, the original founder of the team’s practice, has more than three decades of industry experience, beginning his career with The Robinson Humphrey Company, which through mergers and name changes evolved as Morgan Stanley. Johnson, director and senior portfolio manager at CJMWA and RJFS financial advisor, has been in the industry for more than 23 years, with experience at Smith Barney/Morgan Stanley. He and Campbell formed their business partnership and began working together as a team in 1996. 

McGiboney, director at CJMWA and RJFS financial advisor, began his financial services career in 2014 after graduating with a degree in finance from Tennessee Technological University. Prior to joining Raymond James, he worked with the team at Morgan Stanley. Womack, director of retirement plans at CJMWA and RJFS financial advisor, joined the team in 2016 and brings over 25 years of hands-on experience in the corporate retirement plan industry. He is a member of the American Society of Pension Professionals and Actuaries and the National Association of Plan Advisors. Wood started her career in financial services over 18 years ago. Throughout her career, she has served in various roles, from back office to branch support.

Sheila Patel, chairman of Goldman Sachs Group’s asset-management unit, left the division after almost two decades at the firm. She is stepping down from the partnership and will become an advisory director this year.

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