A highly respected commentator and consultant on wealth management, Robert Ellis, has joined Novarica, a research and advisory services division of US-based Novantas, joining from consultants Celent.

Mr Ellis is joining the company as principal in charge of the new wealth management research and advisory practice at Novarica. He was most recently the senior vice president in charge of the wealth management practice at Celent, part of Oliver Wyman.

He will report to Novarica director Matthew Josefowicz and will be based in the company’s New York office.

"Bob Ellis’ expertise in wealth management spans client segmentation, marketing, and technology strategy, including platform and planning systems,” said Mr Josefowicz.

Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting.