Scott Smith and Michelle Barbiere will join the company's development team in furthering the firm’s unified managed account platforms for independent advisors. They will be based in Chicago, IL, and Evergreen, CO, respectively.

The platforms connect advisors to investment managers through custodians and technology providers. With these two new hires, Placemark said it hopes to expand its US footprint.

"The independent RIA channel represents a key part of our growth strategy," said Lee Chertavian, chairman and chief executive of Placemark Investments.

Smith has 15 years of experience in financial services, having previously served as vice president of sales at Fidelity Institutional Wealth Services, and as relationship manager at Schwab Advisor Services in New York City.

Barbiere has 21 years of experience working with RIAs and fund managers, including positions as vice president of business strategy at Merrill Lynch and relationship manager at Schwab Advisor Services.