Who's Moving Where In Wealth Management? - Sanctuary, Raymond James, Others

Editorial Staff

26 February 2020

Sanctuary
Sanctuary Wealth has appointed Robert Gilliland to join its network.

Gilliland, whose team managed more than $250 million in client assets, brings 25 years of experience to Sanctuary. His new independent wealth management firm, Concenture Wealth Management, is based in Houston, Texas.

The Sanctuary Wealth network covers 12 states and includes more than 33 partner firms with more than $9.0 billion in assets under advisement.

Before setting up his new firm, Gilliland served more than a decade as senior resident director at Merrill Lynch, where he designed customized strategies and constructed and managed complex client portfolios. For the last three years, he also served on the advisory council to management, a group of senior resident directors who advise and counsel senior leadership at the firm.

Joining Gilliland at Concenture are senior wealth Advisor Karen Heider, who has been part of his team for more than five years, and wealth associate Codi Welch, a financial services professional with nine years' experience.

Raymond James
Raymond James has brought in advisor Michael Borza to Raymond James & Associates, its employee advisor broker/dealer – in Virginia Beach, Virginia.

Prior to this, Borza worked at Merrill Lynch, where he managed $190 million in client assets. He and senior client associate Angela Toney will be located in the Virginia Beach office managed by branch manager Rob Krebs. The team operates as Borza Wealth Management Group of Raymond James.

Borza, senior vice president, investments, has been in the financial services industry for over 30 years. He is a graduate of Penn State University and earned a master of science degree in financial management from the Naval Postgraduate School in Monterey, California.

Merrill Lynch Wealth Management
Merrill Lynch Wealth Management has named Michael Simonds as a new market executive for downtown New York City and Brooklyn.

Simonds most recently led the firm’s Rockefeller Center office for nine years. He began his wealth management career in 1992 as a financial advisor, and joined the firm in 2010. He graduated from Towson University in Maryland with a bachelor’s degree in business administration.

Courtney McCarthy, who has been the associate market manager for the Rockefeller Center, will assume the role of interim market executive.