People Moves

Summary Of Global Executive Moves In Wealth Management - December 2012

9 January 2013

Summary Of Global Executive Moves In Wealth Management - December 2012

Raymond James & Associates added a trio of financial advisors in Fort Lauderdale, FL, from Morgan Stanley Wealth Management.

Scott Cutliff, Donald Horras and Patricia Polster - who make up the Sunset Financial Group - previously managed over $204 million in client assets and had annual fees and commissions of about $1.5 million.

LPL Financial, the independent broker-dealer that is part of LPL Financial Holdings, named Victor Fetter chief information officer and managing director of its business technology services unit.

Based in Charlotte, NC, Fetter will report to Mark Casady, LPL Financial chairman and chief executive. He will also serve as a member of the firm's executive management committee. He will develop the firm's existing technology capabilities built by chief information officer Chris Feeney, who is retiring after five years at LPL and over 30 years in the financial services technology industry.

Genworth Financial appointed Thomas McInerney as president and chief executive. McInerney will also join the board of directors and James Riepe will continue to serve as the company's non-executive chairman of the board.

McInerney previously held senior roles at ING Group and Aetna Financial Services.

Meanwhile, Genworth Financial Wealth Management appointed Daniel Courtney as president of Genworth Financial Asset Management, the wealth unit's affiliate investment arm. It is a newly-created role in which Courtney will oversee growth strategy, including product development and target markets. 

Courtney will report to Mike Abelson, senior vice president of Genworth Financial Wealth Management's investments and product development. He will also work closely with Tim Knepp, chief investment officer of the asset management division.

Morgan Stanley Wealth Management added two former Merrill Lynch advisor teams in New York.

Nancy Buttweiler, Kristopher Schultz and David Peterson previously managed $141 million in assets and had a combined production of over $1.2 million. They report to branch manager Michael Junker in St Paul.

Richard Prybyl, Richard Farr and Steve Headrick previously managed $248 million and had a combined production of about $1.8 million. They join Morgan Stanley in Ithaca and report to Dean Wallace, Central Eastern, NY, complex manager.

WSFS Bank appointed Mark Gordon as director of private banking within its wealth management division.

Gordon joined the bank in 2007 as vice president within the commercial banking division. Before that he led a private banking team in Greenville, DE, at Mellon Financial Corporation, and earlier still he worked with wealthy clients as an advisor with Merrill Lynch.

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