New York-headquartered Tiedemann Wealth Management has hired Thaddeus Shelly as a managing director and senior advisor in Palm Beach, FL - a role in which he will develop and maintain client relationships.

Shelly joins Tiedemann from Lazard, where he served as a managing director and chief executive of Lazard Wealth Management, overseeing the firm’s private wealth management effort in the US.

Prior to joining Lazard in 2009, he was a senior managing director at Bessemer Trust, where he oversaw client acquisition and account management for their Mid-Atlantic, south and southeast regions, as well as the firm’s Delaware Trust Company.

Shelly was the founder and director of private client services at Legg Mason between 1992 and 1998. He started his career within Goldman Sachs’ private wealth management business in 1984.

Tiedemann Wealth Management serves families, trusts, foundations and endowments.

As well as its New York headquarters, the firm also has offices in Palm Beach and Los Angeles.