People Moves
Who's Moving Where In Wealth Management? - Blackstone, Adara, Others
The latest senior moves in North American wealth management.
US-listed investments heavyweight Blackstone has appointed
the former co-chief executive of Germany’s enterprise software
group SAP to be its global head of portfolio transformation and
talent.
In this newly-established leadership role, Jennifer Morgan will
be responsible for a team within Blackstone’s portfolio
operations group helping the firm’s 200 plus portfolio companies
drive growth through digital transformation.
Morgan was the first female CEO of a Germany-listed business. She
also served in various, additional leadership roles at SAP over
16 years – including serving on its executive board between 2017
and 2020. Morgan holds a BA in business administration from James
Madison University and is currently a board member of Bank of New
York Mellon and of the National Academy Foundation. She is also
on the Board of Advisors at James Madison University’s College of
Business.
Blackstone oversees $584 billion in assets, covering private
equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds.
Adara Wealth Management
A new wealth management business based in Tucson, Arizona has
launched, affiliating with LPL Strategic Wealth Services.
The new organization is Adara Wealth
Management, formed by financial advisors George Chardukian,
Adam Goldstein and Maria Peralta.
The team will use LPL’s broker-dealer, corporate RIA and
custodial platforms and receive support from LPL professionals
for day-to-day operations as well as long-term business
management. The advisors, who served about $380 million in
advisory, brokerage and retirement plan assets, are joining from
RBC Capital Markets.
Professional Wealth Advisors
Professional
Wealth Advisors has named two new partners and members of its
wealth management team, according to the Chicago Daily
Herald.
Wealth advisor Stewart Burchfield brings with him more than 20
years of financial services experience. Wealth advisor Lou
Auriemma joins PWA with “many years of experience in the
financial services industry”, the report said.
