August 05, 2025
July saw a number of marquee people moves punctuate a competitive recruiting landscape, with UBS on the departing end of two of the month’s largest advisor transitions, as $2B Entrepreneurs Group left for Rockefeller Global Family Office and $1.7B Hudson River Wealth Management affiliated with RBC Wealth Management.
Raymond James again stood out on the recruitment front, adding at least 11 advisor teams with a total AUM of $4.65B during the month, according to moves tracked by Dakota. During a recent earnings call, CEO Paul Shoukry called it the most active recruiting pipeline since the financial crisis – driven by transition support, platform flexibility, and “all hands on deck” execution.
Overall, UBS saw around $6.05B in AUM leave across seven teams in July, continuing a broader trend. Company executives said in February that they expected advisor departures to spike this year following compensation plan changes, and the firm saw a net loss of 111 advisors in the second quarter alone. However, CFO Todd Tuckner downplayed the attrition during the firm's earnings call, citing the company's improved margins in its wealth management business, as well as its "highly attractive" advisor platform. He added the company is "aggressively" recruiting and that it is seeing more advisors commit to stay and retire with the firm.
On the leadership front, Venu Krishnamurthy joined HarbourVest Partners as head of global private wealth, Kingsview Partners founder and current executive chairman Josh Lewis moved into the CEO role, and Foster City, CA-based investment manager Bailard Inc. promoted Dave Harrison Smith to CIO.
For a complete overview of July advisor moves and other people news, continue reading Dakota's roundup:
New York City-based advisor team Entrepreneurs Group joined Rockefeller Global Family Office. The team, which was managing $2B in assets, comes from UBS Wealth Management USA. The eight-member group includes Emily Rubin, Thomas Livacarri, Kenneth Shapiro, and Todd Ives. Sources 1, 2
Harrison, NY-based practice Hudson River Wealth Management reportedly joined RBC Wealth Management from UBS Wealth Management USA. The eight-member team, which manages $1.7B in assets, includes advisors Steven Solomon, Lauren Konstantin, Kevin Bertoncin, and Roger Matles. Source
Springfield, IL-based financial advisory firm Heartland Capital Wealth Management joined Raymond James’ employee advisor channel Raymond James & Associates. The team, which is led by Thomas Ray and Matt Broch as co-founders, arrives from Wells Fargo Advisors, where it previously managed approximately $300M in client assets. Source
Savvy Wealth affiliate Savvy Advisors added Minneapolis, MN-based Perspective 6 Wealth Advisors. The team, led by Matt Nelson, Matthew Finley, and Jacob LaRue, has $270M in AUM. The RIA also added 12 more advisors, including Alex Barnes in Fort Mill, SC; Josh Bergman in New York; Kristin Dunlevy in Prospect, KY; Scott Jensen in Minneapolis; Greg Kirwan in North Kingstown, RI; Lee Levy in Alamo, CA; Evan Melching in Indianapolis, IN; Luis Miletti in Louisville, KY; Aaron Peloquin in Minneapolis; Dustin Roberts in Turlock, CA; Dave Sharpe in Lake Geneva, WI; and Dustin Thomas in Indianapolis. Source
Financial advisor Michael Dukovich joined YTS Wealth Management as partner and senior wealth manager. Dukovich, who was previously affiliated with RBC Capital Markets, opened a new YTS branch office in Aspinwall, PA. YTS is an affiliate of Good Life Cos. Source
Truist Wealth added six new advisors to its Florida team to manage high- and ultra-high net worth individuals, families, and business owners. The firm added four wealth advisors, Joachim Bruneau in Miami, Bill Burnett in Jupiter, Amanda Butterworth in Palm Beach, and P J Nassar in Tampa, along with financial advisors Hernan Fonseca in Tampa and Robert Tweeddale in Stuart. Source
Laredo, TX-based Texas Community Bank’s TCB Investments joined Raymond James’ financial institutions platform. The team, which includes financial advisors Luis Gonzalez III and Carlos Chapa, manages $605M in client assets. Source
Janney Montgomery Scott has recruited 14 financial advisors year to date, adding $3.3 billion in assets under advisement to its private client group. The advisors joined from Merrill Lynch, Morgan Stanley, Raymond James, Stifel, UBS, and Truist. Advisor teams included Short Hills, NJ-based Clark Brothers Wealth Management, led by Daniel Clark and James Clark; Atlanta, GA-based Duggan Faires Investment Partners, led by Glen Duggan and Randy Faires; Griffin Wealth Management from Hunt Valley, MD, led by Kevin Doyle; Integrity Wealth Advisory from Miami, FL, led by Raymond Sardina and Susan Rutrough; and Thousand Hills Wealth Advisory Group from Franklin, TN, led by Tracey Binkley. Individual advisors included Al Lynn in Bedminster, NJ, Gordon Mattocks in Charlotte, NC, Kristin Healy in Montvale, NJ, Kurt Uzbay in Hauppauge, NY, Matt Clark in Chicago, IL, and Robby McKetta in Richmond, VA. The firm also opened a new branch in Short Hills, NJ. Source
Myrtle Beach, SC-based Legacy Capital Group joined Raymond James’ independent advisor channel Raymond James Financial Services, operating as Legacy Capital Group. Led by Jonathan Stanley, the team was previously affiliated with Edward Jones, where it managed approximately $140M in client assets. Source
Prior Lake, MN-based ProsperLane Financial joined LPL Financial’s broker-dealer, RIA platform. The team, led by mother Sheri Johnston and son Jason Hotzler, reported serving $250M in advisory, brokerage and retirement plan assets. Johnston joins LPL from Edward Jones and Hotzler from Thrivent Investment Management. SourceThe Holcombe & Associates Group joined UBS in Bryan College Station, TX. The team, which includes Monty Holcombe and Hudson Holcombe, was previously affiliated with Morgan Stanley. Source
Cetera expanded its network in the second quarter, onboarding financial professionals and firms representing a combined $450M in assets under administration. Dennis Hellwig joined Cetera Networks' Northridge Wealth Planning from Osaic; Andrew Focht joined Cetera Wealth Management Group through Rose Point Capital Advisors from Wells Fargo; and Frank DePaola and team joined Cetera Wealth Partners from Osaic Wealth. Source
Tuckaway Capital joined &Partners in Richmond, VA. The firm is led by Virginia Bowie and Scott Larson. Bowie is a Wells Fargo Advisors veteran. Source
Woodland Hills, CA-based financial advisor Jonathan Israel joined Raymond James’ employee advisor channel, Raymond James & Associates. Israel, who will provide personalized financial planning as Legacy Point Wealth Management of Raymond James, joins the firm from UBS Financial Services, where he managed $400M in client assets. Source
Brea, CA-based $280M Summit Financial & Insurance Services joined The AmeriFlex Group’s hybrid RIA platform, which consists of The AmeriFlex Group RIA and Cambridge Investment Research as its broker-dealer partner. The team is led by Jerry Kleber, Raz Bracha, and Leah Pattison. Departing Osaic, AmeriFlex had transitioned to Cambridge as its broker-dealer partner in June. Source
Cheyenne, WY-based financial advisors Jared Black and Richard Brokaw joined LPL Financial’s employee advisor channel, Linsco by LPL Financial, to launch Wyoming Asset Advisors Powered by LPL. The team, which comes from Wells Fargo Advisors, reported serving $400M in advisory, brokerage, and retirement plan assets. Source
Veteran financial advisor Doug Shepler joined Cetera’s Summit Financial Networks community. With $110M in assets under administration, Shepler joins the firm from LPL Financial. Source
Financial advisor Jason Oestreicher, who was formerly affiliated with Valic Financial Advisors, launched his firm PATH Financial Partners with Osaic. The Fort Lauderdale, FL-based firm, which has $125M assets under administration, focuses on serving employees of the Florida Retirement System, including educators, healthcare workers, and municipal employees. The team also includes Nicholas Brown and Travis Rich. Source
Financial advisor Dean Shahan joined Franklin, TN-based $1.9B RIA CapWealth. Shahan joins CapWealth from SageSpring Wealth Planners, where he advised high-net-worth and ultra-high-net-worth families. Source
Seebol Wealth Advisors joined Raymond James’ employee advisor channel Raymond James & Associates in Jacksonville, FL. The team, which includes Jerald Seebol, Andrea Smithers, and Stephanie Lesso, comes from Morgan Stanley, where it managed $314M in client assets. Source
Two UBS Wealth Management USA teams with $1.2B in combined assets reportedly left the wirehouse to join Merrill Lynch and Ameriprise Financial’s independent unit. The Washington Wealth Group, which is led by David Andreadis, joined Merrill. The team, which managed $800M in assets, also includes Cole Andreadis, Richard Haskin, and Danielle Suzanne Tersaga. Another UBS team, managing $480M in assets, joined Q5 Wealth Management, an independent Ameriprise practice in Beaumont, TX. The team includes Charles Heare, Ross Heare, Thomas Goth, and Jennifer Goth-Castillo. Source
Lincoln, NE-based Cleartrek Wealth Partners joined NewEdge Advisors. The team, which includes Loy Olson, Matt Olson, Mike Todd, and Mitch Bergen, comes from Stifel, where they managed approximately $650M in client assets. The newly independent, seven-member team chose Goldman Sachs Custody Solutions as their primary custodian. Source
Financial advisor Mike Wood joined employee-owned, independent financial services firm Steward Partners. Wood, who was previously associated with Truist, brings $502M in client assets and will be based in the firm's Norfolk, VA, branch. Source
Brookeville, MD-based Gallagher Wealth Management joined LPL Financial’s broker-dealer, RIA, and custodial platforms. The team, led by Kevin Gallagher, was previously affiliated with Lincoln Investment and managed $180M in advisory, brokerage, and retirement plan assets. Other team members include James Horris, Brandon Hsia, and Leslie Weigand. Source
Financial advisor J. Mills-Pierre III joined UBS Global Wealth Management US’s Manhattan, NY, market team as a senior portfolio manager and founding member of Groupe M. He previously worked with Merrill Lynch as a senior financial advisor. Source
Scottsdale, AZ-based $158M RIA Ironwood Family Wealth Advisors joined Cetera. The team, which was previously affiliated with Osaic, is led by founder Torsten Saile and includes his sons Tyler Saile and Tanner Saile. Source
Macon, GA-based veteran financial advisor Robert Chanin joined Raymond James’ employee advisor channel, Raymond James & Associates. Chanin, who comes from Stifel, previously managed $750M in client assets. Source
Financial advisor Christopher Brolly joined UBS Global Wealth Management US’ UBS Greater New England Market team. He previously worked with Morgan Stanley as a financial advisor since 2012. Source
Financial advisors Sanae Garcia, Brian Garcia, and Dylan Garcia joined Raymond James’ employee advisor channel Raymond James & Associates, operating as Garcia Wealth Management Group of Raymond James in Pasadena, CA. The family advisor team previously worked with UBS Financial Services, managing $270M in client assets. Source
Latham, NY-based Consiglio Mahan Wealth Management joined Raymond James’ platform Raymond James & Associates, operating as Consiglio Mahan Wealth Management of Raymond James. The team, led by Katrina Consiglio and Kristen Mahan, comes from Wells Fargo, where they managed $300M in client assets. Source
Seneca, SC-based $200M RIA Crescent Financial joined the Carson Group network. The team is led by president Jan Fredman and managing partner Lori Kelley. Source
LPL Financial added a team of 11 financial advisors to its broker-dealer, RIA, and custodial platforms from Waznik Heike Group. The advisors reported serving $750M in advisory, brokerage, and retirement plan assets and joined LPL from Osaic. Led by partners Brad Waznik and John Heike, Waznik Heike Group includes Gene Larock, Steve Helling, Kyle Thorpe, Jon Storing, Tyler Schroyer, Coltin Brehm, Jerry Hagman, Bryan LaVoy, and Sam Ferch. Source
Raymond James Financial Services recently added Emir Culov and Amela Culov as financial advisors, operating as Culov Wealth Management. The duo, based in Buffalo, NY, joined the firm from Wells Fargo Advisors and previously managed $223M in client assets. Source
Eric Holbrook’s Holbrook Wealth Strategies joined Raymond James’ independent advisor channel Raymond James Financial Services. Holbrook was previously associated with D.A. Davidson, where he managed $150M in client assets. The Logan, UT-based team also includes registered client service associate Abigail Davis. Source
$165B RIA Hightower Advisors appointed Scott Hadley to the newly created role of chief advisory officer. Hadley comes from Osaic, where he was senior vice president of RIA solutions. The firm also named Scott Holsopple chief strategy officer. Source
Boulder, CO-based financial advisory firm Young Global Wealth Strategies joined Golden State, a multi-custodial RIA headquartered in South Coast Metro, CA, with $4B in assets under care. Young Global Wealth was founded by John Young, who had been affiliated with Raymond James Financial Services since 2002. Source
Omaha, NE-based advisory firm The Narmi Group Investment Management joined LPL Financial’s employee advisor channel, Linsco by LPL Financial. The firm, led by advisors Charlie Narmi and Theresa Rynaski, reports serving $870M in advisory, brokerage, and retirement plan assets, and joins from Robert W. Baird. Source
Veteran wealth advisor Daniel Leugers’ BlueHaven Wealth Management joined Osaic. The Hudson, OH-based firm manages $400 million in assets under advisement. Leugers previously worked with Corebridge Financial. Source
Fairbanks, AL-based financial advisors Robert Bell II and Keegan Bell launched an independent practice, Bell Wealth Partners, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. The team, which joins LPL from Raymond James, reported serving $450M in advisory, brokerage, and retirement plan assets. Source
Wealth advisor Robert DiBenedetto joined Atlanta, GA-based independent wealth management firm Homrich Berg Wealth Management, which manages $25B for clients. DiBenedetto comes from Bernstein Private Wealth Management, where he advised individuals and families and their trusts, estates, foundations, endowments, and pension plans. Source
$6.5B RIA Carnegie Investment Counsel hired Skye Barry as senior vice president and wealth advisor. Barry, who will work out of the firm’s Cincinnati, OH-office, previously led investment strategy at $4.5B Constellation Wealth Advisors. Source
Bernard Reed launched Indianapolis, IN-based practice Velorum Wealth Management, which oversees $580M in client assets, on the Sanctuary Wealth network. Before joining Sanctuary, Reed was a private wealth advisor and director at Bank of Montreal’s wealth management division, where he served as a lead advisor and relationship manager to high-net-worth individuals, families, and organizations. Source
Boca Raton. FL-based financial advisor Paul Hess joined Raymond James’ employee advisor channel, Raymond James & Associates. Hess was previously affiliated with Merrill Lynch, where he managed approximately $100M in client assets. Raymond James & Associates had $1.58T in total client assets as of May 31. Source
Hunt Valley, MD-based Griffin Wealth Management joined Janney Montgomery Scott from Raymond James. The team is led by financial advisor Kevin Doyle. Source
Cle Elum, WA-based Bridenback Wealth Management joined Osaic from Commonwealth Financial Network. Led by president and founder Brent Bridenback, the firm brings $90M in advisory assets managed across 26 high-net-worth households to Osaic. Source
Senior advisors Philip Durst and Michael Batal III joined the Anthony Pritzker family-backed capital investment firm Pritzker Alternative Strategies. Most recently, Batal managed the private equity and venture capital portfolio of Kemnay Advisory Services, whereas Durst was the president, CIO, and chair of the investment committee at Brush Street Investments, the investment arm of Ford Estates. Source
Chicago, IL-based independent advisory firm Keebeck Wealth Management launched an initiative for private real estate opportunities – dubbed Keebeck Real Estate. The RIA appointed Chris Robertson and Jackson Currier to lead the initiative. Robertson joins the firm from Koch Asset Management, and Currier comes from Koch Real Estate Investments. Source
Washington Trust Company's Washington Trust Wealth Management division appointed Brian Davies as senior wealth advisor. Davies joins the firm, which has $6.8B, from Shephard Financial Partners where he worked as CIO. Source
Miami, FL-based BBVA Global Wealth Advisors appointed Juan Carlos De Sousa as its new head of wealth planning. He previously worked with CISA Trust as a senior wealth planning advisor. Source
Two Janney Montgomery Scott teams, which managed $570M in combined assets, reportedly joined RBC Wealth Management’s new branch in Franklin, TN. The teams are MD Wealth Management Group, led by Brad Dickens and Jason Minor, and the JS Wealth Management Group, led by Jim Stephens and Jamie Smith. Source
Raymond James added three New York practices to its independent advisor channel from Ameriprise Financial, where they collectively managed more than $1.1 billion in client assets. RayJay welcomed QuantumView Wealth Management, represented by Jak Cukaj, Neal Siena, Adam Sloane, and William Longing; Camilleri Wealth Management, led by Charles Camilleri; and Brigitte Davison’s practice, which includes advisor Lilibeth Miranda. Source
A Chicago, IL-based advisor team, led by Trevor Ricks and James Vender, reportedly joined Wells Fargo Advisors. The team comes from Morgan Stanley, where it managed $454M in client assets while generating $2.4M in annual revenue. The advisors joined Morgan Stanley in 2013 and 2012, respectively. Source
Brandon Dixon-James’ Resilient Wealth Management joined LPL Financial’s broker-dealer, RIA, and custodial platforms. The Fresno, CA-based firm, which served $250M in advisory, brokerage, and retirement plan assets, joins LPL from Osaic. Source
Minnesota-based financial advisor Matt Kourouma joined Osaic affiliate True North Advisory Group. Kourouma previously worked with Edward Jones, where he managed $40M client assets under advisement. True North, which operates under Osaic’s Financial Dimension Group, has $3.3B in AUA. Source
Senior portfolio manager Brett Richards joined Cumming, GA-based RIA Financial Consultants Group, dba Fountain Financial Advisors. Richards joins the firm from Atlanta, GA-based SignatureFD, where he worked as senior financial planner. Source
Houston, TX-based independent wealth advisory firm Americana Partners added Mark Monroe as senior vice president, private wealth advisor. Monroe previously worked with Morgan Stanley as a senior vice president and director of alternative investments, managing over $1B in AUM. Source
Collin Schmidt joined Denver, CO-based RIA Crusonia Wealth Advisors as a partner, senior wealth advisor. Schmidt was previously with Private Capital Management as a managing director and senior advisor. Source
Advisor Chuck Roberts resigned from Stifel Financial in June, according to his registration records. The records show he has not yet joined another firm. Source
Braintree, MA-based Generations Retirement Group, a financial advisory focusing on retirement planning, appointed Matt DiRuggiero as an investment advisor and licensed insurance professional. The hiring is part of the firm’s overall business expansion plans. Most recently, DiRuggiero worked as a vice president and financial advisor with the private client division at Citizens. Source
UBS Global Wealth Management US named Jack Heiss as market director for its Tampa, Clearwater, St. Petersburg, Sarasota, and Winter Haven offices in Florida. Heiss, who comes from Bank of America Private Bank where he recently worked in a hybrid leadership and financial advisor role, will join UBS after his notice period ends with Bank of America. Source
Chicago, IL-based RIA Choreo appointed Keith Kotfica as chief growth officer. Kotfica, who was previously the head of employee planning at Edelman Financial Engines, will lead the firm’s affiliated referral program – the Choreo Partner Alliance. Source
City National Bank unit City National Rochdale appointed Gregg Giaquinto as its new CEO. Giaquinto previously served as the firm’s president. City National Rochdale, which has headquarters in New York and Beverly Hills, CA, manages $65B in client assets, focusing on portfolio management for high-net worth individuals, families, and institutions. Source
Kingsview Partners founder and current executive chairman Josh Lewis has moved into the CEO role of the $10.5B firm. Lewis replaces Sean McGillivray, who returns to his previous role of COO. The firm also reportedly appointed John Belniak as president and CFO. Belniak was most recently the CEO of One Drivers Club. Source
Investment management firm ABS Global Investments appointed Steve DiMaio as the head of private wealth management. Most recently, DiMaio worked at Brookfield Oaktree Wealth Solutions as the head of the RIA channel. Source
Wealth management platform AssetMark appointed Phill Rogerson as senior vice president and head of the RIA channel. Rogerson joins the firm from Envestnet, where he led the RIA channel. Based in Charlotte, NC – where AssetMark said it plans to invest $10M and create 252 new jobs – Rogerson will lead the company's expansion in the RIA space. Source
VestGen Wealth Partners appointed Rob Bondiman to the newly created role of national head of advisors. Bondiman will oversee the wealth advisors at the firm and be responsible for driving the organic growth of the existing advisor teams. He joins the firm from J.P. Morgan Securities, where he was market director for wealth management. Source
Iryna Northrip left her position at Osaic as CCO of investment advisory to launch her own compliance consultancy, Arcturus Advisory. In addition, former CCO John Cooney also left the firm. Sources 1, 2
Steve Hutton has reportedly resigned as the CEO of True Potential Wealth Management. Hutton has been with the Newcastle, UK-based firm for seven years. Source
Capstone Partners Financial and Insurance Services appointed Darren Chappell as CIO. Prior to the appointment, Chappell served as senior vice president of investments at the $1.7B RIA, Provenio Capital. Source
Boston, MA-based $147B HarbourVest Partners appointed Venu Krishnamurthy as head of global private wealth. Krishnamurthy has previously led the wealth management business for BlackRock’s Aladdin system. Source
First National Wealth Management, a unit of First National Bank, appointed Holly Coston as portfolio manager based in Bangor, ME. Coston previously worked as a financial advisor at Ameriprise Financial Services. Source
Sean Marrin, division director for RIA and custody services at Raymond James, has retired. Marrin joined the leadership team of Raymond James' RIA group to relaunch the investment advisor division in 2013. Source
Summit Trail Advisors President and COO Jeff Ringdahl has decided to step down to pursue new opportunities. Ringdahl, who had joined the firm in May, said in a LinkedIn post that “this opportunity wasn’t the right long-term fit for me.” Source
$12.5B employee-owned financial services firm Coldstream reorganized its leadership team, including appointing Kevin Fitzwilson, formerly the managing shareholder, as CEO. The firm also named Natalie Straub as president of wealth management, Josh Harris as president of M&A, David Christian as chief growth officer, and Matt Sonnen as chief operating officer. Source
Hybrid RIA and TAMP platform Axxcess Wealth Management appointed Deron McCoy as chief wealth officer to lead the firm's newly launched Enhanced Wealth Management initiative, which gives advisors access to tax-efficient direct indexing, personalized harvesting strategies, and long/short overlays. McCoy previously worked as CIO at Signature Estate and Investment Advisors. Source
Veteran financial Advisor Kurt Uzbay joined Janney Montgomery Scott as executive vice president of investments at the firm’s Hauppauge, NY, office. He was previously associated with Stifel. Source
Stamford, CT-based RIA NewEdge Wealth named wealth manager Patrick McGlothin as a managing director in Knoxville, TN. McGlothin previously worked at Morgan Stanley as an alternative investments director. Source
Osaic reportedly moved Greg Cornick to the role of executive vice president of wealth management solutions to enhance existing advisor and on-platform asset growth. Cornick, who joined Osaic from LPL Financial in 2020, was previously executive vice president of advice and wealth management. Source
The Motley Fool affiliate Motley Fool Wealth Management appointed Sabrina Rosh as director of financial planning. Rosh, who was previously at Ellevest in the same role, will oversee Motley’s financial planning and client support teams. Source
La Jolla, CA-based RIA AlphaCore Wealth Advisory appointed David Stubbs as chief investment strategist to support the firm’s national growth and bolster investment and research capabilities. Most recently, Stubbs worked at Blackstone as investment strategy lead for the firm’s private wealth division. Source
Investment executive Justin Ellsesser joined Winter Park, FL-based multi-family office Matthias Private Wealth as director of investments. Ellsesser previously worked with Mariner as team lead for private markets, institutional research. Source
Osaic reportedly named Jeff Rosenthal head of RIA solutions, replacing Scott Hadley, who joined Hightower Advisors as chief advisory officer. Rosenthal previously worked as the CEO of Osaic’s Triad Advisors subsidiary, which was incorporated into the parent firm in 2023. Source
Signature Estate & Investment Advisors appointed Brad Repinsky as a director in its private client group. Repinsky will oversee the estate, tax, and financial planning segments. Most recently, Repinsky was vice president advanced planning at Fidelity Investments. The firm said Repinsky’s appointment is part of its broader growth strategy, following the recent appointment of Matt Matrisian as president in April and building on its 30% year-over-year growth in assets under advisement in 2024 to $30B. Source
Brookfield, WI-based RIA Annex Wealth Management, which has $6.9B in AUM, promoted Steven Dryer to COO, replacing Jeffrey Pierce. The company disclosed in a recent SEC filing that Pierce resigned as president and COO. Source
Southern Michigan Bank & Trust promoted Chad Perrine to senior vice president, head of wealth management, where he will lead the bank’s wealth management and trust department. Perrine joined the bank in June 2024 as vice president, wealth management officer. Source
The head of Osaic’s RIA platform, Ed Swenson, is reportedly leaving the company. Swenson managed advisors affiliated with the firm’s corporate RIA entity and W-2 employee advisors. Cindy Hamel and Jeff Rosenthal will reportedly fill the roles on an interim basis, with Rosenthal leading Osaic’s RIA solutions unit and Hamel managing W-2 advisors. Source
Digital Wealth Partners, an RIA specializing in digital assets, appointed Max Kahn as its new CEO. Kahn, who was previously the company’s chief compliance officer, will focus on scaling the firm’s infrastructure, launching innovative products, and expanding its client base at the intersection of traditional and digital wealth management. Source
Los Angeles, CA-based family office LinePoint Partners named James Chirdo as COO and chief compliance officer. Most recently, Chirdo served as managing director and head of wealth management operations at Rockefeller Capital Management. Source
Cetera Financial Group appointed wealth management industry veteran Richard Vogel as the new community leader of Cetera Advisors. Most recently, Vogel led an advisor team at Ameriprise Financial Services. Source
AllianceBernstein unit Bernstein Private Wealth Management made leadership appointments to support its strategy for inorganic growth and ultrahigh-net-worth expansion, naming Craig Storch, a 25-year Bernstein veteran, as senior managing director for growth strategies. Storch will team up with Neel Ray, who was recently appointed as a senior national director on the growth strategies team. Ray has previously served as the head of corporate development at World Investment Advisors and Envestnet. Source
$17B RIA RWA Wealth Partners promoted Nicole LaChapelle to president of RWA Family Office and Steve Reder to president of RWA Private Wealth – two newly created positions. LaChapelle worked at Ropes & Gray for almost 20 years before joining RWA following Ropes & Gray's formation of Ropes Wealth Advisors. Reder has more than 20 years of experience in senior roles at firms including Goldman Sachs Personal Financial Management, United Capital, Lenox Wealth Management, and PNC. Source
Charlotte, NC-based investment advisor consultant Trident Strategic Partners appointed Shailesh Kshatriya as its CIO. Kshatriya spent around 20 years at Russell Investments, most recently, as its director of investment strategies for North America. Source
JPMorgan Chase reportedly elevated David Frame to the position of global CEO of its private bank business from his current role as CEO of its US private bank, effective immediately. The company’s private banking division manages more than $2.9T in client assets globally. Frame will continue to report to Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management. Source
Miami-FL-based multi-family office Tiempo Capital named Joanna Espasas as head of operations to lead operational strategy and execution across the firm, overseeing process optimization and scalability. Espasas previously worked at J.P. Morgan Private Bank as a senior investment professional. Source
Infrastructure and real assets-focused alternative investment firm Stonepeak appointed Cindy Marrs as a senior advisor, tasked with growing the firm's Stonepeak+ wealth solutions platform. Marrs previously served as a partner and global head of wealth management at asset manager Wellington Management. Source
Foster City, CA-based investment manager Bailard Inc. promoted Dave Harrison Smith to CIO from the executive vice president position. The RIA, which has $6.5B in AUM, said in a Linkedin post that Smith replaces Eric Leve, who will stay on in a role focused on international markets. Source
Former Bank of America Private Bank investment executive Paul Trippe joined advisor-owned wealth management firm Fidelis Capital Partners as a partner. Most recently, Trippe was a managing director and market investment executive at the private bank, directly managing client assets of more than $2B. Source
Emigrant Partners head of investments Jason Ehrlich left the firm, according to a LinkedIn post. Emigrant Partners is Emigrant Bank’s RIA capital and advisory services arm. Ehrlich, who joined the firm in 2023, did not disclose his future plans. Source
San Francisco, CA-based RIA M&A advisory business DeVoe & Co. reportedly appointed Gordon Ross as president. Most recently, Ross was the chief client officer St. Petersburg, FL-based Dynasty Financial Partners, which provides middle and back-office services to RIAs. Source
