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

Diversify
Former Commonwealth advisors Marcus Papajohn and Kevin O’Sullivan have joined wealth management platform Diversify. They bring about $170 million in assets.

Their arrival follows the addition in June of Inventa Wealth Advisors, a business with $450 million of assets that came over from Ameriprise.

Based in Boston, Papajohn and O'Sullivan have launched their new independent practice under the name Boston Wealth Advisory Group, joining Diversify's national network.

Overseeing about $10 billion in assets, Diversify offers a multi-affiliation model designed to give advisors the kind of structure that suits them best. Advisors may opt for a 1099 independent partnership or choose to monetize their business through Diversify's equity partner platform. 

LinePoint Partners & Co
LinePoint Partners & Co, a Los Angeles-based firm that operates an affiliation model and platform for ultra-HNW breakaway advisors and single-family office leaders, has appointed Dan Cole as chief financial officer, and head of advanced wealth planning. 

Before this role, Cole was CFO for the embedded family office at Audax Group and was part of the senior leadership team at the Lowy Family Group, a global single-family office, where he led US finance operations and tax strategy. 

Cole, who has worked in SFOs for the past decade, is experienced in advanced tax strategy and compliance.

“He immediately adds to the breadth and depth of a leadership team that is rapidly scaling across operations, investments, marketing, and advisory,” Robertino Coury, founder and CEO of LinePoint Partners & Co, said. “At LinePoint, Dan will oversee financial strategy and accounting operations as CFO, while also leading our in-house advanced wealth planning services.”

In July the firm appointed James Chirdo as chief operating officer and chief compliance officer. He was previously an executive at Rockefeller Capital Management. 

Raymond James
Financial advisor Gregory Phelps has joined the independent advisor channel of Raymond James. Phelps is the founder of Eightysecond Capital Partners, based in Rockledge, Florida. 

He provides personalized financial planning to a range of clients, including families, business owners, pre-retirees and retirees. Previously, Phelps managed more than $260 million in client assets at Edward Jones. He is joined by branch associate Deborah Carson and senior client service associates Patti Faulkner and Cindy Stepina.

Modera
Modera Wealth Management has hired Vince Curtin (pictured below) as director, head of mergers and acquisitions, where he will lead its acquisition strategy and partnership development.
 

Vince Curtin

Curtin has more than 15 years of experience in wealth and asset management, with senior M&A roles at Transcend Capital Advisors, The Mather Group, and UBS Investment Bank. 

“Vince’s appointment to his new role at Modera reflects the firm’s commitment to thoughtful, long-term growth,” it said in a statement yesterday.