People Moves

US's Oppenheimer Makes Three Senior Private Client Moves

Eliane Chavagnon Group Editor 22 June 2016

US's Oppenheimer Makes Three Senior Private Client Moves

This publication brings latest news of moves and appointments in the global wealth management sector.

There has been change at the top of Oppenheimer & Co's private client services unit, involving a departure and two senior appointments.

Senior vice president Tom Fritzlen, a 30-year veteran of the firm, is retiring and being replaced by Jim Lowe. Meanwhile, Mark Trafford and Todd Wiggins have been appointed as branch managers of the Seattle, Washington State, and Atlanta, Georgia, branches, respectively.

Lowe, who will take on Fritzlen's responsibilities as part of the senior private client management team, has held executive roles at numerous wealth management firms. Most recently, he was a branch manager at Oppenheimer's lower Manhattan branch, while also managing an investment advisory practice, the firm said. He was also previously an executive director at Josephthal & Co, where he oversaw operations at 14 offices.

As branch managers, Trafford and Wiggins will be responsible for recruitment-related efforts, as well as helping manage day-to-day operations and guiding financial advisors in their respective locations.

In Atlanta, Wiggins is replacing Gordon Morse, who the firm confirmed has decided to leave after 31 years of service; Trafford was hired from Wells Fargo to take Walker’s place managing the Seattle branch, so that Lowe can manage Oppenheimer’s Bellevue, Washington State, complex, it told Family Wealth Report, sister publication to this news service.

Trafford began his career at Dain Bosworth and then moved to Morgan Stanley in 1999. He joined Wells Fargo in 2012, where he managed the Kirkland/Issaquah complex before jumping ship to Wells Fargo Advisors. Wiggins, meanwhile, previously held leadership positions at firms including Morgan Stanley, Smith Barney, Marquis Investments and, most recently, UBS Financial Services.

Oppenheimer and its affiliates provide wealth management, securities brokerage and investment banking services to high net worth individuals, families, corporate executives, local governments, businesses and institutions.

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