The latest moves in the North American wealth management market.

Wiggin and Dana
Northeastern law firm Wiggin and Dana has appointed Carolyn Reers as a private client services partner in its Greenwich and New York offices.

Reers has more than 25 years of experience representing and serving affluent individuals, their closely-held companies and family offices, with a focus on international estate and tax planning.  

Prior to joining Wiggin and Dana, Reers was a partner at a "leading international law firm", the organization said, where she focused on all aspects of trust and estate planning and administration. She was also responsible for the creation and management of public charities and private foundations.

Before this, Reers was managing director at JP Morgan Private Bank, where she was primarily a wealth advisor for affluent clients and family offices.

CIBC
CIBC US Private Wealth Management has added three senior figures to its team: Jeffrey Lee, Lawrence Li and Robert Gaudette.

Lee, CFA, is named vice president and senior investment analyst in Boston, focusing on hedge fund investments within the multi-manager investment program. Prior to joining the firm, Lee served as an expert-in-residence at SOSV, a $500 million venture capital firm.

Previously, he spent more than 12 years at Spring Mountain Capital, a New York-based investment management firm, where he was most recently a vice president in the growth equity group, where he sourced, executed and advised on investments in technology-enabled businesses and healthcare companies across North America.

Li is named senior vice president and senior investment analyst in Boston, providing broad support for the firm’s proprietary investment strategies team. Prior to joining the firm, he was a vice president at Sunley House Capital Management, where his primary focus was covering the technology, media and telecom sectors in the Americas. Previously, he was an associate at Charlesbank Capital Partners, where he participated in various board activities for portfolio companies and conducted market research and due diligence.

Gaudette, CTFA, is named vice president and client service manager in Atlanta and joins the firm with more than 20 years of industry experience. In this role, he works closely with relationship managers to provide comprehensive client service and account administration for high net worth individuals, families and foundations. Prior to joining the firm, Gaudette was a trust advisor at SunTrust Private Wealth Management, where he was responsible for the administration of fiduciary client relationships and provided guidance on various estate planning, fiduciary and taxation matters. Previously, he was a trust officer with US Trust, Bank of America Private Wealth Management.

Raymond James
Raymond James has created a Southern New England complex led by former Morgan Stanley senior manager Bill Drew.

Drew will be in charge of overseeing and supporting RJA’s branches throughout Massachusetts, Rhode Island and Northern Connecticut.

At Morgan Stanley, Drew was executive director and complex manager for branches in the Greater Boston area. He became a financial advisor in 1995 at Smith Barney and transitioned into management in 2000, serving in various roles of increasing importance. He remained with the firm after the acquisition by Morgan Stanley in 2009, and in 2014 began leading Morgan Stanley’s Boston Harbor complex.

LPL Financial
Financial advisor Breandan Kelly has joined LPL Financial, aligning with Gladstone Wealth Group, having previously worked at Wells Fargo Advisors.
Kelly will be supported by LPL Financial’s broker-dealer and corporate registered investment advisor platforms. Kelly reported that his firm managed approximately $110 million of client brokerage, advisory and retirement plan assets.

Kelly has created a new Gladstone branch in Fort Myers, Florida, launched through Gladstone’s Partnership Program. His firm is supported by two staff members, including Catherine Byrd, director of operations, and Kathy Kelly, client services assistant.

Shearman & Sterling
US law firm Shearman & Sterling has appointed private client specialist Anna Salek to join its New York office.

Salek will advise high net worth individuals, family offices and foundations, both in the US and abroad. Her practice is focused primarily on representing high net worth individuals and their family offices and foundations, trusts and estates, and tax planning matters.

Prior to this, she worked as a partner in the trusts and estates practice of Kirkland & Ellis in New York, and was previously at Skadden, Arps, Slate, Meagher & Flom LLP.