The latest senior moves, appointments and personnel changes in the North American wealth management sector.

Coller Capital
Coller Capital, the US investment firm that focuses on “secondaries” in the private markets sector, has appointed Matthew McCann as a director in New York to focus on RIA and family office sales.

“Secondaries” refers to buying and selling pre-existing stakes in private equity, credit, real estate, and infrastructure.

Previously, McCann spent seven years as a principal at Investcorp, where he was responsible for family office, RIA and institutional fundraising for the firm’s private equity and general partner stakes businesses. Before this, he worked for 12 years SkyBridge Capital as a director leading the firm’s family office and institutional sales in the US.

A total of 30 people work in the private wealth secondaries solution team. In April, the firm launched Coller Secondaries Private Equity Opportunities Fund, a tender offer fund open to accredited high net worth investors in the US.

McCann will work with Jonathan McEvoy, managing director and co-head of US Private Wealth Distribution.

Coller Capital has offices in London, New York, Zurich, Hong Kong, Beijing, Seoul, Luxembourg and Melbourne. The firm has $33 billion in assets under management, as of end-March.

Verdence Capital Advisors
Verdence Capital Advisors, a private wealth advisor, has appointed Dwight Davenport as executive director, private wealth advisor, at its newest office location in Boston, Massachusetts.

Davenport brings more than 30 years of wealth management and leadership experience to the team. Prior to his new role, he co-founded GreenPort Capital Advisors, which provided investment management strategies and specialized client services to families and trustees. 

Before this, Davenport was a principal at Vodia Capital, a boutique asset management firm in Concord, Massachusetts.

Besides its Boston office, Verdance is also present in Maryland, Virginia and Florida.

Commonwealth
Commonwealth Financial Network, a US firm, yesterday said that Terramar Wealth of Carlsbad, California, has joined its network of independent financial advisors. 

Formerly with Osaic, the team reported serving more than $300 million in client assets, on March 28, 2024. Advisors include Mike Gallop, Danny McMahon, Steve Statzer, Steve Rubinstein, Greg Fox, Jeffrey Gardner, and Todd Oberlin; they are joined by Pat Posada, director of compliance.

The Terramar Wealth team was an Office of Supervisory Jurisdiction (OSJ) affiliate of SagePoint Financial for more than two decades and has been appointed to serve as an OSJ as a Commonwealth affiliate.