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

iCapital 
iCapital, the tech platform for alternative investments, has appointed Drew Carrington as managing director, alternatives in retirement portfolios. 

Reporting to Dan Vene, co-founder, MD, and co-head of iCapital Solutions for iCapital, Carrington will lead iCapital’s efforts to accelerate appropriate adoption of the full range of alternative asset classes and products in the defined contribution market.

The announcement comes after the Trump administration allowed 401(k) retirement accounts to hold private market investments such as private equity, mirroring steps being taken in Europe to widen access. The US has also increased access for Accredited Investors. 

In his new role, Carrington will position iCapital as a thought leader in the defined contribution and retirement markets, the firm said in a statement. 

Raymond James 
Raymond James has brought in five financial advisors to its independent advisor channel. 

The team comprises advisors Mark Kerr, David DeVantier, Brandon Proctor, Isaiah Bross and Ross Terrasi. They are joined by office manager Colleen Geftos, director of client services Michelle Ramirez and paraplanner Drew Ditto.

The team has arrived from Commonwealth Financial Network, where it managed about $125 million in client assets. Based in Dundee, Michigan, the group operates under the name of Village Wealth Management.