People moves
Rockefeller Capital Management
Nathan Crair will join the firm’s global family office as managing director of its newly established Los Angeles office.
Crair will be responsible for recruiting and managing private wealth advisers.
He is set to join Rockefeller is Auhist having spent 14 years as a managing director at Bank of America Merrill Lynch.
The Los Angeles office will provide wealth management services to individuals and families in the region.
Fiduciary Trust Company International
The global wealth manager and wholly owned subsidiary of Franklin Templeton has hired Yolanda Perez as a wealth director in its Florida office.
Perez has over 14 years of experience working with high net worth clients in various wealth management roles in North America and Europe.
She joins Fiduciary Trust from Scotia Wealth Management in Miami, where she served as a senior manager and trust and estate practitioner in the international wealth structuring unit for more than four years.
Earlier in her career, she held a senior role in the private banking sector with Lombard Odier Transatlantic and was at JPMorgan Chase Bank in both New York and England.
Evercore Wealth Management
The New York-based firm has promoted Stephanie Hackett, Helena Jonassen and Kate Mulvany to partner.
Hackett joined Evercore in 2014 as a portfolio manager and was previously at JP Morgan.
Jonassen also joined Evercore in 2014 and previously worked at US Trust for 18 years as a senior relationship adviser.
As a wealth and fiduciary adviser, she advises executives, business owners and other clients on wealth planning and fiduciary and family office issues.
Lastly, Mulvany joined Evercore in 2009 as a wealth and fiduciary adviser, working with multi-generational families on wealth planning, fiduciary and philanthropic matters.
She previously worked at US Trust for 16 years.
RMB Capital
The independent investment advisory firm has named partner Dimitri Eliopoulos as president of wealth management.
Eliopoulos will oversee all client service and business development efforts across the firm’s wealth management business.
Previously, he served as managing director of wealth management for the Central Midwest region.
Julie Vander Weele will remain in her current role as managing director of wealth management.
Frederick Paulman continues to serve as president for RMB Capital.
Steward Partners Global Advisory
The employee-owned firm has hired advisers Ronnyjane Goldsmith and Bill Gold.
Goldsmith joins Steward Partners from Morgan Stanley, where she oversaw $75m (£59.3m, €66.8m) in client assets.
She joins the firm as a managing director and wealth manager, and will be based out of Steward Partners’ Washington, DC office.
Gold joins the firm from UBS, where he oversaw $120m in client assets.
He joins the firm as a managing director and wealth manager and will be the first adviser based out of Steward’s newly established Hendersonville, North Carolina office.
M&A
Arthur J Gallagher
The insurance firm has acquired Illnois-based MDV Wealth Planning.
The financial terms of the transaction were not disclosed.
Founded in 2014, MDV Wealth Planning sells and places life insurance products for clients of registered investment advisers (RIAs), independent financial advisers, institutional brokers, life insurance professionals, and property/casualty agents and brokers.
The firm’s focus is on C-suite executives and high net worth individuals.
Thomas Vilardo and his associates will continue to work from MDV’s current office.
LifeShield National Insurance
It has agreed to buy IAC Group, the parent company of Individual Assurance Company (IAC), a life, accident, and health insurer.
Following the transaction, IAC will continue to operate under the IAC brand as a subsidiary of LifeShield.
The business will be led by David Brooks, president of LifeShield.
Jim Harlin, IAC’s current chairman and chief executive, will serve as a consultant to the business.
All employees of IAC will continue with the company following the acquisition.
The financial terms of the deal were not disclosed.
Mariner Wealth Advisors
The wealth advisory firm is making its seventh acquisition of the year and its second in the Houston area.
It will buy SMS Capital Management (SMS), which was established in 2004 and has more than $110m assets under management.
SMS is led by its founder and principal Steven Sheldon.
The firm expects to make five more acquisitions over the next few months.
The financial terms of the deal were not disclosed.
Wealth Enhancement Group
The independent wealth management firm has signed an agreement to acquire Planning Solutions Group, a hybrid independent financial advisory business based in Fulton, Maryland.
The acquisition marks Wealth Enhancement Group’s first location in the Baltimore/Washington DC area.
It is the firm’s 12th M&A deal since the end of 2013.
Planning Solutions Group has 28 employees, including 15 financial advisers, and focuses on wealth planning for business owners, executives, retirees and high net worth individuals.
Financial terms of the transaction were not disclosed, and it is expected to close on 1 August 2019.
Callahan Financial Planning Company
The Nebraska-based financial planner has acquired the assets of investment management and tax firm Gary Dossick & Associates in a bid to bolster its offering in California.
The terms of the deal were not disclosed.
The acquisition will take Callahan Financial Planning assets under management over the $125m mark.
