Accounting and tax-service outsourcer Geller & Company has made former Convergent Wealth Advisors managing director and Mellon Private Wealth Management executive Jamie McLaughlin chief executive of its wealth-management group Geller Family Office Services, which has a professional staff of more than 40.
"We are enthusiastic about how the addition of a leader of Jamie’s caliber and presence in the industry can enable us to enhance the services we provide, add new clients, and attract and retain superb Geller talent,” says Geller's chief operating officer eve Fadem.
McLaughlin joined Rockville, Md.-based CWA - then Lydian Wealth Management - from Mellon early in 2005 to establish and manage its New York office with a view to expanding the firm's in the Greater New York area.
As a regional president with Mellon PWM, McLaughlin was in charge of its New York-, New Jersey-, and Connecticut-based wealth business. Before that, he was the regional sales manager of Mellon's PWM office in New York office where “he was instrumental in building the firm’s New York presence,” according to an April 2005 press release out of Lydian. Prior to joining Mellon nearly 13 years ago, McLaughlin was a financial advisor at Sanford Bernstein.
Before getting into the financial-service business, McLaughlin was a politician. He served in Connecticut’s House of Representatives as well as its Senate, where, among other things, he was chairman of the Finance, Revenue and Bonding committee.
"Jamie has the vision and insight for what it takes to run a highly client-centric and conflict-free advisory firm and will help position Geller among the premier multifamily offices in the country," says Geller's founder and CEO Martin Geller.
Geller's wealth-management unit advises ultra-high-net-worth individuals - many of them business owners - on about $4 billion in assets.
CWA manages about $10 billion for individuals, institutions and family offices.
