Foster Dykema Cabot, the Boston-based private wealth manager, has hired Douglas Phillips from Choate Investment Advisors as its chief investment officer.

Phillips will work with FDC’s team on investment strategy, asset allocation and security and manager selection.

He has been in the investment management industry for 25 years, working with high and ultra high net worth clients and their endowments and foundations. At Choate Investment Advisors he was a senior portfolio manager and member of the investment policy committee.