People Moves

Summary Of North American Moves In Wealth Management – August 2022

Editorial Staff October 4, 2022

Summary Of North American Moves In Wealth Management – August 2022

August was, despite being a vacation month, a relatively busy month for moves and appointments in wealth management.

Raymond James welcomed financial advisors Samuel Bates, Darin Frandsen and Adam Fluckiger to its independent advisor channel in Saint George, Utah.

Together the advisors form North Rim Financial Group were joined by client service managers Sara Bingham, Tabatha Ghramm, Michele Platt and Sheri Hamilton.
Raymond James brought in financial advisors Nicholas Troiano and Mathew Mattice to its employee advisor channel. Together, as Next Level Planning & Investments of Raymond James, with offices in Denver and Boulder, Colorado, the group provides financial and investment planning services.

Financial advisor, Robert Diaz joined Raymond James’s independent advisor channel in Alton, Illinois. Diaz is joined at Confluence Wealth Management – linked with Raymond James – by practice business manager Jack Hoelscher and client service manager Jennifer Mobley. Diaz was previously affiliated with Edward Jones where he managed more than $115 million in client assets.

Taiber Kosmala and Associates, an independent investment consulting firm, appointed Dan Pazar as executive vice president and senior member of the investment committee. Prior to this, Pazar was a senior-level investment professional at Lowery Asset Consulting, now a part of BDO USA. Pazar has worked in investment consulting for more than 15 years. 

Taiber Kosmala and Associates is an independent investment consulting firm advising more than $11 billion in client assets.

Millennium Trust Company, an Illinois-based provider of retirement, custodial, and consumer-directed benefit services, appointed Michelle Spellerberg as its chief marketing officer. Spellerberg spent more than eight years with Alliant, a nationwide digital credit union, where she was vice president and CMO.

IQ-EQ, an investor services provider, appointed Cory Thackeray as its head of Caribbean, a newly-created regional leadership position. Thackeray is responsible for overseeing strategy, operations and performance across the group’s Cayman, Curaçao and Bermuda offices. 

Prior to this, Thackeray was chief financial officer for CrossTower, a crypto investment and trading firm operating in New Jersey, Bermuda and India. Thackeray is based in the Cayman office reporting to Mark Fordyce, regional CEO of the Americas.

Sanctuary Wealth welcomed the Mackie & Waller Wealth Management Group in St Louis to its network of partner firms. Formerly affiliated with Wells Fargo Advisors, the named partners are Peter F Mackie and Paul P Waller IV. They joined Sanctuary Wealth as an affiliate of another partner firm, Cape Rock Private Wealth in Jackson, Missouri.

Peter F Mackie has decades of experience as an investment portfolio manager at Wells Fargo in St Louis as well as the former Bankers Trust in New York, London, and Palm Beach. Paul Waller, who had been with Wells Fargo since 2008, joined Mackie & Waller Wealth Management Group in 2014. His expertise includes investment planning, IRA distribution, and Federal benefits strategies.

Fiduciary Trust International appointed Sam Fraenkel as a wealth director based in Coral Gables, Florida. Most recently, Fraenkel was head of mergers and acquisitions at REDZONE, a software business delivering plant floor connectivity for companies in the food and beverage industry. He was also founder and president of Tomahawk, a leader in the aggregation and analysis of web-based data for hedge funds. 

Steward Partners Global Advisory welcomed Barr Wealth Management, led by advisor Thomas Barr. Most recently, Barr spent 14 years with Wells Fargo where he managed around $220 million for 35 client households.

Fund platform Allfunds appointed Juan Pablo Valdés as Chile country head. He took over from Sebastián Ochagavía, who left the business to pursue other opportunities.

ValdĂ©s, who oversees Allfunds’ local representative office in Santiago de Chile, reports to Laura Gonzalez, head of Americas. He has more than 20 years’ experience in the financial services industry, having served in a variety of roles in which he oversaw the direction of investment on behalf of private bank clients. Most recently, ValdĂ©s served as commercial manager at LarrainVial Asset Management, where he led the distribution of mutual and investment funds across different channels. 

Duff & Phelps Investment Management, an affiliated manager of Virtus Investment Partners, appointed Evan Lang as a portfolio manager for its water strategy. Lang's job title is managing director and senior research analyst. Lang reports to David Grumhaus, president and chief investment officer; the two share co-portfolio management duties of the Virtus Duff & Phelps Water Fund. Prior to joining Duff & Phelps, Lang was a portfolio manager at TortoiseEcofin, where he co-managed a sustainable global water strategy. 

Venerable, a US firm that owns and manages a legacy variable annuity business acquired from other entities, appointed Ron Tanner as vice president and deputy general counsel. Tanner reports to chief legal officer Tim Brown. Before this role, Tanner served as executive director and assistant general counsel for FS Investments where he led securities regulation, financial reporting, and corporate governance efforts in addition to orchestrating fund mergers, product development efforts, and preparing securities documentation and corporate governance. 

Family Office Exchange, aka, FOX, appointed Gaby Griffin and David Toth as interim co-presidents. Their appointments followed the recent death of Glen Johnson.

Griffin has been involved with FOX for more than 20 years. Prior to this, she was a member of FOX’s senior leadership team, serving as market leader for business owners and family office executives and other FOX member councils. She has worked in strategic wealth advisory, investment management and corporate banking for 25 years. Among her previous roles, Griffin has worked at Capital Group Private Client Services, Abbot Downing and LaSalle Bank NA.

Toth has been FOX’s market leader for wealth advisor members for seven years and is co-chair of several FOX councils, including the multi-family office, integrated wealth advisor, and strategic chief investment officer councils. Prior to FOX, Toth was a senior executive at PNC Financial Services, Spectrem Consulting and Boatman’s Trust Company (now Bank of America).

Sanctuary Wealth brought The Alteri Group into its embrace. The organization was formerly with Merrill Lynch. Headed by Max Alvis and based in Lufkin, Texas, the team joined through partner firm 6 Degrees Wealth, a joint venture of G Squared Private Wealth led by George Georgiades and Victoria Greene, and Concenture Wealth Advisors led by Robert Gilliland. 

Max Alvis, who served as the senior resident director of the Lufkin, Texas office, began his career as a financial advisor at Merrill Lynch Wealth Management in 1991. Joining Alvis at 6 Degrees Wealth is the team members of The Alteri Group, including wealth advisors Will Alvis, Alexis Hudson Pigg as well as registered client associate Jennifer Hansard, and client associates Elisabeth Alvis Kennedy and Viridiana Cruz. 

Eisner Advisory Group, a business advisory arm of US-based consultancy EisnerAmper, admitted 10 new partners. 

The partners:

Jennifer Cuello is a partner in the financial services group, based in the Dallas, Texas, office. She has more than 10 years of experience serving clients in the financial services sector with a focus on private equity, venture capital, fund of funds and hedge funds.

Rebecca De Leon is a partner in the financial services and technology groups, based in the San Francisco, California, office. She has more than 10 years of experience in serving broker-dealers, venture capital and private equity funds, registered investment advisors, technology and life science companies, and commercial entities.

Nina Kelleher, who is a partner, leads the risk advisory services practice within EisnerAmper Digital, based in the New York office. She is the national leader of the special purpose acquisition company services practice. 

Daniel Krauss is a partner in the tax group, based in the San Francisco office. He has more than 15 years of experience providing tax controversy, equity compensation planning, QSBS and other taxation services to privately held companies, family offices and high net worth individuals.

Lindsey Layman is a tax partner in the financial services group, based in the San Francisco office. She has more than 10 years of experience providing tax compliance and planning services to a broad range of asset management clients, including private equity funds, venture capital funds, hedge funds and funds of funds.

Allyson J Milbrod is a tax partner and co-leader of the firm’s National S Corporation tax services team, based in the Iselin, New Jersey, office. She has more than 20 years of experience providing tax compliance and advisory services to closely held businesses, high net worth individuals and multi-generational families.

Ling You is a tax partner in the real estate service group, based in the San Francisco office. She has nearly 20 years of experience in providing consulting services to real estate PE funds, and management and operating companies. 

R Charles Waring is a partner in the assurance and technology control services practice, based in the Philadelphia, office. He has more than 15 years of experience in internal controls, IT risk management, regulatory compliance and third-party assurance/SOC reports. 

Steven Bisciello is a partner in the healthcare services group, based in the Iselin, New Jersey, office. He has nearly 25 years of experience in operations, compliance and revenue cycle management within disparate healthcare sectors including but not limited to hospitals, hospital systems, physician groups and homecare organizations.

Sarah Brand is a partner in the real estate services group, based in the Philadelphia office. She has more 20 years of experience providing accounting services for a variety of real estate clients.

Chicago-based financial services firm Mesirow appointed four new internal directors: Erik Barefield, Robert DeBolt, Jesse Keig, and Ketan Shah.

SEI, a financial services company, appointed Sandy Ewing as executive vice president to lead the company’s family office and regulatory services. She reports to CEO Ryan Hicke. Ewing is 27-year SEI veteran who brings more than 40 years of financial services experience, spanning the wealth management, trust, custody, and securities servicing industries.

CIBC hired four senior professionals to expand its private wealth team across key US markets. The hires included Daniel Grady, managing director and regional private banking director in Newport Beach, California; Christopher Sporer, CFP®, senior vice president and business development officer in Chicago, Illinois; Patricia Tiralongo, CFA, managing director and institutional business developer in New York; John Welsh, managing director and family office executive in Chicago, Illinois and St Louis, Missouri.

Financial advisor Jim Petrizzo, founder of Petrizzo Financial in Boulder City, Nevada, partnered with Independent Financial Group, a broker-dealer based in San Diego, California. Jim Petrizzo operates his family firm with his wife, Michelle Petrizzo, and daughter, Chelsea Petrizzo. Jim and Chelsea are registered financial advisors, and Michelle covers administrative support. 

Nuveen appointed Kelly Hagg in Denver to the newly-created role of senior managing director, head of Responsible Investing Strategy & Solutions. He is based in Denver and reports to Amy O’Brien, global head of responsible investing at Nuveen. He joined from Janus Henderson Investors, where he served as global head of product strategy and ESG for distribution. 

BNY Mellon Wealth Management named William Eady as market president in Palm Beach, Florida. He reports to Kent Moegerle, regional president, Southeast. Eady, who has more than 14 years of experience in the financial services industry, served as senior banker and executive director for JP Morgan’s Private Bank in Palm Beach. 

Seventy2 Capital Wealth Management, based in Bethesda, Maryland, joined forces with Eric Bost, partner, and Jodelle Jones, senior wealth associate, of LII Wealth Management. Eric Bost, who founded LII, has more than 30 years of experience in the financial industry working at firms including Goldman Sachs, Merrill Lynch, Deutsche Bank, and Morgan Stanley. Jones also has over 30 years of experience in client service. 

New York-listed First Republic Bank appointed David Loeb to join its investment management arm as managing director and wealth manager. Loeb has more than 28 years of wealth management experience providing customized wealth management solutions for entrepreneurs, CEOs, partners in private equity and hedge fund firms, and ultra-high net worth families. 

Deutsche Bank hired former Goldman Sachs executive Rod Colburn to join its wealth management Americas business. Colburn joined the European bank as managing director and senior relationship manager after 14 years at Goldman Sachs. He focuses on lending solutions for ultra-high net worth clients and report to Anthony Valvo, market head for New York and South East. 

Colburn, who worked in similar roles at US Trust and Citi Private Bank, has more than three decades of experience working with ultra-high net worth clients.

UBS Private Wealth Management recruited Carolin Botzenhardt as a private wealth advisor, working in La Jolla. Prior to UBS, she worked for more than five years at Wells Fargo in a private wealth advisor role, according to her LinkedIn profile. 

Falcon Capital Advisors hired industry veteran Walter Allen as its managing director, Natisha Dawson as its new director of finance and promoted Ken Yoo to chief operating officer.

Allen has more than 20 years of experience in using technology solutions to drive transformational business initiatives in both the government and private sector. Prior to Falcon, Allen was the president of HouseAmp, a fintech company where he managed and oversaw all aspects of the operation. Dawson has more than 20 years of finance and leadership expertise. Prior to joining Falcon, she founded and was chief financial officer of The Griffin Way, a firm designed to provide outsourced finance and accounting services to small- and mid-sized businesses. 

US-registered investment advisor Coastal Bridge Advisors appointed veteran marketing leader Deirdre Childs as its marketing director. Childs has spent 17 years working in the marketing and business development space, involved with brands such as Dove, Broadridge, Patagonia and Pepsi.

AmeriTrust Holding Company, a subsidiary of Argent Financial Group, appointed Leisa Gebetsberger as trust administrator.  She reports to Kenny Brown, senior vice president and chief operating officer of AmeriTrust.  

Gebetsberger has more than three decades of experience in business development, regulatory compliance and service delivery, gained while spending her career as an attorney and a health care administrator. She also brings 25 years of experience gained at the Oklahoma Tax Commission. 

Capitol Securities Management appointed financial advisor John Scarpino. He recently left Key Bank and founded his own firm, Pivotal Wealth Management. Capitol Securities Management appointed Paul J Grod to join Pivotal Wealth Management – the business that CSM recently acquired. Grod, who began his career in the financial services industry in 2007, was with KeyBank as an investment licensed banker from 2009 until 2022. 

PIMCO, the fixed income house, appointed former Federal Reserve vice chairman, Richard Clarida, as global economic advisor and managing director. He is based in New York. Joachim Fels MD, the predecessor, is retiring at the end of 2022.

Buckingham Advisors, an Ohio-based independent financial advisory firm that provides investment management, financial planning, tax, and business services, promoted Nicole Strbich, Ryan Johnson, and Jessica Distel to managing director status.

Argent Trust Company, a subsidiary of Argent Financial Group, hired Jonathan D Berry as senior vice president. Based in Fort Worth, Berry reports directly to Kathy Christoffel, Fort Worth market president. Before joining Argent, Berry served as an attorney and counselor at law, at Jonathan D Berry, PLLC.

UBS Private Wealth Management brought back Stephen McCashin as a private wealth advisor and managing director. Prior to re-joining UBS, McCashin served as a regional director at JP Morgan Wealth Management, where he oversaw the San Francisco and Seattle offices. Previously, he spent 17 years at UBS in various roles, most recently as complex director, private wealth management in San Francisco.

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