People Moves

Summary Of North American Wealth Management Executive Moves - September 2021

Editorial Staff November 22, 2021

Summary Of North American Wealth Management Executive Moves - September 2021

The latest senior moves and appointments across the region's wealth management sector.

RFC Financial Planners, a full-service financial planning and wealth management firm based in Ann Arbor, Michigan, joined Carson Partners, a network of advisory firms in the US. The 11-person RFC Financial Planners team is led by Michigan natives Michael Rautiola and Adam Finch. It has $300 million in assets under management.

Raymond James welcomed financial advisors Charles Mintz, Timothy Gray and Wren Mintz to Raymond James & Associates – its employee advisor channel in Wilmington, North Carolina. The team, which operates as The Cape Fear Group of Raymond James, joined from Truist Investment Services, where they managed about $500 million in client assets. Emily Harvey, senior registered client service associate, and Ellen Heckert, senior service associate, also joined the group.  

Charles Mintz, managing director, began his career in 1981 with Wheat, First Securities and later became the president and co-founder of Fox, Graham & Mintz Securities, which in 1990 was acquired by Scott & Stringfellow. After serving as the firm’s chief administrative officer and chief financial officer in 1997, he was appointed executive vice president and director of the Private Client Group and elected to the board of directors of Scott & Stringfellow Financial. 

Gray began his financial career in 2005 as a regional private banker with Wachovia Bank and Wachovia Securities. He joined Truist’s predecessor firm, BB&T Wealth, in 2010 as a private advisor, later partnering with Charles to create The Cape Fear Group in 2013. He earned his bachelor’s degree in business administration from 

A Certified Financial Planner™ professional and vice president, Wren Mintz began his career in 2012 with Truist’s predecessor firm, BB&T Scott & Stringfellow, in the Raleigh, North Carolina, office and joined The Cape Fear Group in Wilmington in 2015. He graduated with a bachelor’s degree in business administration, with a concentration in finance, from North Carolina State University.

Raymond James also brought in advisors James Wendling, Steven VanDerSchaaf and Clint Allaman in Davenport, Iowa, to its RJA channel. The advisors were previously at Morgan Stanley, where they managed about $315 million in client assets. Together, they operate as Wendling VanDerSchaaf Allaman Group of Raymond James.

Raymond James also welcomed Peppi Talley and Jessica Hall in Birmingham, Alabama, to its employee advisor channel. The branch is led by Michael Turnbough. Operating as Talley and Hall Wealth Management of Raymond James, the group joined from BBVA, where they managed more than $250 million in client assets. The firm also welcomed Nick Peregoy to RJA. 

The group also brought in financial advisor Alberto Sisso to Raymond James & Associates in Fort Lauderdale, Florida. Sisso joined from Wells Fargo, where he previously managed about $200 million in client assets. 

Raymond James welcomed financial advisors Joel Moline, Scott Mercer, Bassem Abou-Zeid, and John Sullivan to Raymond James & Associates – the firm’s employee advisor channel. The advisors joined RJA’s Minneapolis, Minnesota, office managed by Peter King. Prior to this, the team, which operates as Moline Mercer Wealth Management Group of Raymond James, joined from Merrill Lynch, where they managed more than $675 million in client assets. Other joiners were senior client service associate Gina Sedlacek and senior registered client service associate Michele Weiss.

Alex Brown, a division of Raymond James, welcomed client advisors who collectively manage more than $1 billion in assets in Miami and New York. Joiners to Alex Brown’s Miami office were former Wells Fargo client advisors Juan Felipe Souza, Fernando Riojas, Jaime Badia, James Levy, Jorge Benitez, Doraida Fernandez, Pablo Annovelli and Carlos Paez. 

Master Plan Investment Group, the wealth management and corporate retirement plan advisory firm, named three new team members: Tajaun Bush, Tameka Jefferson and Samuel Tagget.

UBS hired more wealth advisors to join its business in California’s Newport Beach. The team is led by private wealth advisors Steven Weber and Christopher Weber, and serves family office clients and private foundations in California and across the Southwest. Steven Weber has over 35 years of investment experience – including 24 years at Morgan Stanley Private Wealth Management – with a focus on formulating customized asset allocation strategies, risk management, equity portfolio management and alternative investments. 

Christopher Weber joined UBS after almost nine years at Morgan Stanley Private Wealth Management. He is responsible for asset allocation, portfolio implementation, financial analysis and reporting, and client relations. Previously, he served as a portfolio manager with Bank of America Merrill Lynch. The team also includes senior wealth strategy associate Brian Weber and team administrator Krista Maloney.

Franklin Resources, the US-listed organization operating as Franklin Templeton, acquired the investment-grade credit team of Aviva Investors in the US. The team members include senior portfolio managers Josh Lohmeier and Michael Cho who joined Franklin Templeton Fixed Income. In addition, Tom Meyers, previously Aviva’s head of Americas client solutions, joined FTFI in a newly-created role as senior vice president, senior director of investments and strategy development, fixed income. Lohmeier and Meyers report to Sonal Desai, chief investment officer at FTFI, and the investment team will continue to report to Lohmeier.

A group of former Merrill Lynch Colorado-based wealth advisors, running $1.75 billion of client money, formed their own RIA. R Scott Bills, Brett R Bills, Teresa L Friess, Aaron P Seeman and Joshua P DeLoach partnered with Dynasty Financial Partners to launch Nilsine Partners. Based in Greenwood Village, Colorado, the firm is led by brothers R Scott Bills and Brett R Bills who have decades of experience as wealth advisors. The Nilsine team has a total of nine members, including five advisors.

Tanglewood Total Wealth Management, a Texan firm overseeing $1.5 billion of assets, appointed former Tiedemann Advisors chief investment strategist, Paul Buongiorno, as co-chief investment officer. He shares the role with the firm’s founder John Merrill. Buongiorno takes on the role of chief investment officer of Tanglewood and Merrill will transition to a pure advisory role while remaining a key part of the firm’s investment committee. (Buongiorno will initially serve as co-CIO alongside John Merrill; in 2023 he will assume the mantle fully when John Merrill steps back from the role.)

Gresham Partners, which serves ultra-high net worth clients, appointed Nicole Perkins as a principal, director of client experience and development and a member of its operating committee. Perkins spent the past 10 years at the PNC Financial Services Group as an executive vice president and the managing executive of Hawthorn, PNC Family Wealth. Previously, she served as director of fiduciary services at Hawthorn and provided wealth management advice to UHNW clients.

Private client and public law barrister Claire van Overdijk joined Carey Olsen in Bermuda as counsel in the firm's dispute resolution and litigation team. Van Overdijk is an expert in cross-border disputes and private international law. Her private client practice includes contentious trust and estates work and extends to cross-border disputes concerning trusts, estates, foreign succession and domicile. Prior to joining Carey Olsen, she practised as a barrister at Outer Temple Chambers in London, where she also ran a public law practice.

UBS Private Wealth Management hired financial advisor Daniel Gray in the firm’s Los Angeles office. Over 18 years, Gray has built a practice serving ultra-high net worth individuals and families, latterly as a managing director and private banker at Deutsche Bank, where he spent more than 15 years.

Appway, which provides financial services firms with workflow tools such as onboarding, appointed Ates Civitci as head of sales in North America. Ates Civitci brings more than 15 years of experience in financial services to the job, having concentrated during his career on client relationship building, risk management, and compliance. He has served in roles in strategic account management and sales at firms such as Charles River.

First Sentier Investors, the global asset manager, appointed Jamie Damon, CFA, as a senior director. Reporting to Bachar Beaini, First Sentier's managing director and head of the Americas region in New York, Damon leads North American sales and client servicing for affiliate FSSA Investment Managers, an active emerging markets and Asia-Pacific equity specialist. 

Key Private Bank appointed Michael Rieger as senior vice president and market leader to lead its Hudson Valley/Metro New York market. He is based in the firm’s New York City office and reports to Thomas Scaturro, Key Private Bank regional executive for Eastern Markets and Florida Market president. He has more than 20 years’ wealth and investment sector experience. Rieger was previously a senior director and wealth manager at Bank of New York Mellon where he directly managed complex client relationships with more than $1.3 billion of assets under management.

Cresset hired Archan Basu as deputy chief investment officer, and Paul Algreen as chief technology officer. Basu is responsible for overseeing the consistent and tailored implementation of investment views across client portfolios. He supports Jack Ablin, Cresset’s chief investment officer, across the full range of investment activities from research to design, execution, and communication.

Cresset Asset Management hired five advisors from JP Morgan Private Bank. The advisors, who were all appointed as managing director, wealth advisor, were Kevin McGuire, Vanessa Ramich, Sarah Burney, and Jake Schwinn, CFA. Dan Biondi joined Cresset as an associate director, wealth advisor. 

Most recently, as head of portfolio construction guidance for Fidelity Institutional Asset Management, Basu led a portfolio strategy team that assisted professional investors to develop better model portfolios. Prior to that, he served as global head of portfolio construction for JP Morgan Private Bank, where he oversaw the application of strategic, tactical, and manager views across all discretionary investment accounts. Earlier roles included director of quantitative research for Bernstein Global Wealth Management.

Algreen brings nearly 20 years’ financial industry experience to his role at Cresset. He has held director and c-suite-level positions at various financial and investment firms, including technology leadership, investment, and digital transformation roles. Before joining Cresset, Algreen served as chief information officer at Janus Henderson Investors, where he led the integration between Janus Capital Group and Henderson Global Investors and modernized the digital capabilities of the combined firm. 

CIBC added Jessica McKane Andrisen to its US private wealth team. She is a senior vice president and business development officer in Denver. It also brought in Nicole Argyriadis, senior vice president and senior trust advisor in Boston. McKane Andrisen, who has 15 years of industry experience, previously served as vice president and wealth advisor at Wells Fargo. Andrisen attended Colorado State University.

Argyriadis is a senior trust advisor, with more than 10 years of industry experience. Prior to joining the firm, she served as a trust and estate paralegal at Fiduciary Trust Company where she worked with high net worth clients on all aspects of estate and trust administration, as well as completing annual trust reviews for regulators. Previously, she served as a trust and estate paralegal at Rackemann, Sawyer and Brewster. 

Advisor Group, the network of independent wealth management firms, appointed Clayton Chandler as chief security, privacy and data officer. Most recently, Chandler was chief information security officer, global head of cyber security and Americas head of technology security with Credit Suisse.

Bank of Southern California, based in San Diego, appointed Nicole Swain as president of private banking. She serves as a member of the executive team, providing leadership and oversight of the newly-formed private banking group. With more than 30 years in the industry, Swain was previously the chief banking officer of First Choice Bank for nearly eight years. Before this, she was senior vice president, private banking manager at Beach Business Bank and an executive officer at Bay Cities National Bank. For over a decade prior to that, Swain was one of the leading managers at Wells Fargo, managing a team of bankers in the West Los Angeles region.

Carson Group, the financial services firm, appointed Ana Trujillo Limón as director, coaching and advisor content. A communications professional with more than 15 years of media experience as a reporter and editor, she was most recently editor-in-chief, FPA Publications with the Financial Planning Association (FPA) in Denver.

Truist Wealth added a group of former Wells Fargo Private Bank advisors to its New England team. Kenneth Connors was named wealth advisor, Douglas Rogers was appointed investment manager, and Beth Robillard was made advice and planning strategist. The trio oversaw $400 million in assets under management. 

DeVoe & Company, a consulting firm and investment bank serving the RIA industry, added 30-year industry veteran Ed Moore to its team of consulting and investment banking professionals. Moore became part of the firm’s group of Masters Coaches and will work with leaders of large RIAs. 

Baird, the US wealth and investment banking house, appointed Margaret Wilkin to its Roseville, California, wealth management team as a director and financial advisor. She was joined by client specialist Rebecca Talley. Wilkin joined from Wells Fargo, bringing more than 20 years of industry experience and approximately $190 million in assets under management. 

JTC, the global provider of fund, corporate and private client services, launched fiduciary services for the domestic market and hired two senior trust professionals based on the East coast. The firm appointed Tim Carroll and Gregg Homan. Carroll was named head of trust and fiduciary – private client services (PCS), Americas. A US trust specialist with over 30 years’ experience in the sector, Carroll advises on advanced estate planning techniques to ultra-high net worth individuals. He was previously chief trust officer at UBS Trust Company based in Delaware and most recently president/CEO at New York Private Trust Company.

Homan was made head of domestic business development – PCS, Americas. He has more than 20 years’ trust sector experience where his focus has been on strategy, complex trust structures, tax and estate planning. His previous experience included director of sales and business development at Royal Bank of Canada Trust Company (Delaware) Limited and most recently, head of sales at Arden Trust Company.

Next Level Private, a wealth management house formerly affiliated with UBS as Mitchell WealthCare, became a fully-independent registered investment advisor. Its eight-person team oversees $850 million in client money.

Barry Mitchell, founder and managing director, Next Level Private, began his financial services career in 1987 with Merrill Lynch and became a financial advisor with Oppenheimer & Co in 1988. He later worked with a number of respected companies including Dean Witter Reynolds, Wachovia Securities and Merrill Lynch before joining UBS in 2011. 

Other joiners were MD of client engagement Jenny Piche; senior financial advocate Gary Raniolo II, a Certified Exit Plan Advisor (CEPA); director of client experience Maggie Smith; client advocate Jennifer Galli; investment strategist Phil Johanson; and financial advocate Nick Mariano. Also joining Next Level Private is Kate Bluvol, CPA, who will serve as chief operating officer and chief compliance officer. 

Rothschild & Co appointed Bob Berry as managing director in the financial sponsors group in its global advisory business in North America. Berry will be based in Boston. Previously, he was a managing director in the financial sponsors group with Truist Securities. Prior to this, Berry headed the consumer and retail groups at Truist and Raymond James. 

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes