The latest senior moves in asset and wealth management from across North America.

Citi Private Bank
Sandy Martin has joined Citi Private Bank’s high net worth team as a private banker in its Washington DC office. 

Martin has been at Citi Private Bank since 2011, working in the sector for more than 15 years. Shee joined Citigroup in 2004 as a management associate, before moving into Citibank’s retail business in New Jersey and Manhattan. Martin holds an MBA from NYU’s Stern School of Business and a BS in chemical engineering from Villanova University. 

She reports to Tim Sullivan, according to a memo seen by this news organization. 

Concurrent
Concurrent, a partnership of independent advisors affiliated with Raymond James Financial Services, has switched its onboarding practices to help eight advisor teams in the US to join its network. In total, the teams manage more than $900 million.

The eight teams are in Florida (four), Virginia (two) and one each in Maryland and Colorado. 

“How everyone is doing business may have changed, but that doesn’t mean that entrepreneurial-minded advisors have given up their dream of owning their businesses,” Kevin McFarland, founding partner, Concurrent, said. 

The Concurrent network, founded less than five years ago, has a total of 105 advisors in 45 offices across the US, collectively in charge of more than $8.3 billion in assets under management.

Joiners
Among the new teams is GreenBridge Wealth Management of Clearwater, Florida, led by Jeffrey McDonald. The group was most recently with Morgan Stanley where they managed and advised on approximately $200 million in assets.

John C Buck, Jr also formerly with Morgan Stanley, manages and advises on some $183 million in assets for clients in the Chevy Chase, Maryland area. This mark’s Concurrent’s first office in that state.

The father-and-son team of John and Richard Picone, of Picone Financial Partners in Bonita Springs, Florida, who were already with Raymond James Financial Services, joins Concurrent with $122.8 million in AuM.

Also joining is The Cavanaugh, Foster & Sebastian Wealth Management Group, comprised of Mimi Cavanaugh, Bobby Foster and Olivia Sebastian. Formerly with Wells Fargo Advisors they have $115 million in assets under management and are based in Colorado Springs.

Kerry Haines formerly with Wells Fargo in Fort Meyers, Florida ($86 million AuM), Matt Lindamood from Edward Jones in Lebanon, Virginia ($69.7 million), Dianna Burkholder from Edward Jones in Gretna, Virginia ($68 million), and Michael Jensen from Morgan Stanley in St Petersburg, Florida ($73 million AuM and $60 million AuA) round out the new additions.

Raymond James Financial Services, which supports independent financial advisors nationwide, is part of Florida-based Raymond James.