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Summary Of Wealth Management Executive Moves - July 2016

, 10 August 2016


July proved to be a busy month for moves in regions such as Asia, with a number of big-brand banks seeing senior figures arrive and move on.

Houston Trust Company appointed F Allen Lyons as vice president of investments. Lyons previously was a vice president of wealth strategies and business development officer at Atlantic Trust, and, earlier, an associate at the accounting firm of Stevens and Matthews.

Schechter Wealth reinforced its East Coast presence with the addition of Stefan Thielen as a wealth advisor in Boston, MA. Thielen was previously a vice president and relationship manager at Eaton Vance Managed Investments in Boston, where he partnered with bank and independent advisor firms.  He has 20 years of industry experience. Meanwhile, Schechter also brought in Megan Sandler as a wealth advisor. Sandler was previously director of marketing and senior vice president at Swiss Select Advisors in New York.

Matthew Wesley became a director at Merrill Lynch's Center for Family Wealth Dynamics and Governance, based in Seattle, WA. This is a newly-created position, Family Wealth Report can confirm. Wesley will report to Stacy Allred, managing director of the group, which works with the firm’s 14,400 financial advisors to provide wealth structuring and guidance to high net worth clients. He was previously founder of The Wesley Group, with a 29-year career as an estate planning attorney, family advisor and consultant behind him.

BNY Mellon appointed Esteban Colon to the new role of wealth director within its New York and northern New Jersey team. Esteban was previously a senior relationship manager at PNC Private Bank in Ridgewood, NJ. Before that, he was a global international financial advisor in New York for Bank of America Merrill Lynch, having previously served as business financer officer and head of financial planning and analysis for Latin America. In his new role at BNY Mellon Wealth Management, Esteban will report to managing director Katia Friend.

Intellectus Partners expanded its investment team with two senior hires. Ben Emons joined as chief economist, head of credit and portfolio manager, while Brian Zeck was appointed as vice president of new products and services. They will be based in the firm’s Los Angeles, CA, office - opening soon - and in San Francisco, CA, respectively. Both will report to the company’s chief executive, David La Placa.

Emons has spent around 22 years as an analyst, trader, portfolio manager and economist. Of note, he spent time working with renowned fixed income expert Bill Gross at PIMCO. Other roles he has held were at ABN Amro (derivative trading), IndyMac (portfolio manager) and Nuveen (portfolio manager). Zeck was previously managing director of the fixed income mutual fund, Leader Capital, where he ran business development. At Intellectus, he will be focused on ultra high net worth and family office clients.  

The wealth manager Creative Planning appointed a director of financial education in the shape of former Wall Street Journal columnist Jonathan Clements. Clements, who spent nearly 20 years at the WSJ as a personal finance writer, will speak at the firm’s events and develop newsletter content for clients.

Arthur Bell, a CPA and advisory firm with wealthy individuals among its client base, made two senior management changes. Arthur Bell, the company’s namesake, has assumed the newly-created role of chairman while Corey McLaughlin has been elevated to the leadership position of managing member. In his new role, Bell will continue to work on client matters and to be involved in business development initiatives. He has spent most of his career in the commodities and hedge fund sectors as a regulatory, tax, audit and business advisor. McLaughlin, meanwhile, is now responsible for the management of the company, which he joined in 1998. He has a strong background in providing accounting, auditing and consulting services to entities including commodity pools, hedge funds, CTAs, investment advisors, broker-dealers and others.

Todd Resnick, Michael Mawby, Stuart Gertman and Bruce Greenwald – who together managed around $600 million of assets for 500 clients as financial advisors at Morgan Stanley – teamed up with MGO Investment Advisors to launch One Seven. The team had been at Morgan Stanley since November 2008, having previously worked at Merrill Lynch. They will head up One Seven alongside MGO principals Ronald Gross, Richard Gross and Paul Orchosky. The firm has its headquarters in Cleveland, Ohio, where MGO is based, with an additional office in Park City, Utah.

Fieldpoint Private appointed Clay Skurdal as managing director and senior advisor, expanding its footprint beyond Greenwich, Connecticut and New York City. Based in Eugene, Oregon, Skurdal previously worked at Great Northern Advisors, an independent affiliate of Lebenthal Wealth Advisors. Before that, he spent almost 30 years with Morgan Stanley Smith Barney and its predecessor firms, including Smith Barney, Shearson Lehman and E.F. Hutton. He brings a clientèle of ultra-high net worth families and entrepreneurs from California, Washington state and North Dakota.

Newly-launched YorkBridge Wealth Partners joined Dynasty Financial Partners' network of advisory firms. The firm, which is based in New York City and Bridgehampton, New York, was set up by managing partners Carrie Gallaway and Andrew Stern, who both previously worked at Lebenthal Wealth Advisors. As part of the network, YorkBridge will have access to Dynasty's open-architecture wealth management solutions and technology platform for investment advisors. The firm also partnered with providers including Schwab Advisor Services and Fidelity Institutional Services for analytics and operational support.
Kroll appointed J. Andrew Valentine as an associate managing director within its cybersecurity and investigations practice. Valentine has managed numerous high-profile criminal forensic and data breach investigations in the US and internationally, where his work proved instrumental in the arrests and successful prosecutions of notorious hackers and criminals. During his 14-year career, he has worked at the Florida Department of Law Enforcement’s computer crime center and at Verizon/Cybertrust. He has regularly collaborated with government and state/provincial law enforcement agencies worldwide, including the Federal Bureau of Investigation, US Secret Service, and Department of Homeland Security.

Ankura Consulting Group appointed Mark McGrath and Christopher Harvey as senior managing directors, Brian McDowell as managing director and Bradley Lohmeyer as senior director. The firm also opened an office in Chicago to support the growth of its team. McGrath, Harvey and Lohmeyer will be based in the new Chicago office, while McDowell will be based in Atlanta. All four joined from FTI Consulting.

Wagner Law Group appointed Stephen Wilkes as partner. Wilkes has been with Wagner Law Group since 2012. Based in San Francisco, California, he has advised clients including wealth management firms, banks, trust companies, investment professionals, plan sponsors and registered investment advisors. His areas of expertise include tax law and ERISA (Employee Retirement Income Security Act) Title I fiduciary law, as well as the related federal and state securities and banking laws governing the distribution of investment products and services, such as the Investment Advisers Act, FINRA rules, and OCC regulations.

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