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Fieldpoint Nabs UHNW Team From Wilmington In NYC
Harriet Davies
20 January 2012
Greenwich, CT-headquartered Fieldpoint Private Bank & Trust has nabbed a New York-based advisory team from Wilmington Trust, where it managed nearly $1 billion in assets. The team is joining Fieldpoint’s new offices at 400 Park Avenue, which were unveiled last week. It is comprised of Thomas Hakala, Al Jacobi and Joanne Schwind, who worked at Wilmington for over a decade and specialize in ultra high net worth clients. Hakala, an attorney, has been appointed as managing director at Fieldpoint, focused on the design and implementation of sophisticated financial strategies for the firm’s wealthy clientele. Jacobi also joins as a managing director and Schwind has been appointed vice president. The upgrade to bigger offices in New York earlier this month followed the acquisition of Manhattan-based Analytic Asset Management in May 2011, as well as a number of “new and very large” relationships with private clients and institutions, according to Robert Matthews, president and chief executive. Analytic, a registered investment advisor, brought $275 million in assets under management to the operation and has been rebranded as Fieldpoint Private Advisors, also based at the new offices. Fieldpoint was established in 2008 by 31 founders, including four retired chairmen of Merrill Lynch & Co, and UBS Americas.