People moves
Dynasty Financial Partners
The wealth management firm has promoted Justin Weinkle to chief financial officer.
Based in St. Petersburg, Florida, Weinkle is now responsible for all aspects of corporate financial management and reporting and will report to Dynasty’s president and chief executive Shirl Penney.
Weinkle was previously director of M&A, senior vice president of finance and head of strategic analysis, and chief of staff.
In addition, Dynasty has hired 11 professionals into the firm’s St. Petersburg headquarters to support its business, including:
- Jennifer Dorgan as head of strategic analysis reporting to Justin Weinkle. Prior to Dynasty, Dorgan spent 20 years at JP Morgan, where she served most recently as a managing director on the global collateral risk team;
- Kelly Berenbaum as vice president of relationship management reporting to Jason Pinkham, director of the eastern division and transitions. She joins the firm from Raymond James;
- Jill Russo as vice president of compliance, reporting to Leigh Emery, chief compliance officer. She joins Dynasty from T Rowe Price;
- Holly Eck as vice president of human resources, reporting to Mason Salit, chief talent officer. She joins the firm from West Pharmaceutical Services; and
- Cheryl Quinn as vice president, outsourced chief financial officer, reporting to Brian Layton, chief product officer. She joins the firm from National Railroad Passenger Corp.
Bryn Mawr Trust (BMT)
The wholly owned subsidiary of Bryn Mawr Bank has announced Ernest Cecilia, senior vice president and chief investment officer for BMT Wealth Management, will retire on 31 December 2019.
Cecilia will consult with BMT through the end of 2020, ensuring continuity of the transition.
He joined BMT by acquisition in 2012, after serving in various capacities at Davidson Trust Company for 14 years. He was Davidson’s Chief Investment Officer at the time of its acquisition.
The firm will confirm plans about its next chief investment officer in the next few weeks.
Also, BMT has hired Edward Garris vice president and wealth adviser.
He will report to senior vice president and wealth director Mark Bradford and will be based out of the Berwyn, Pennsylvania wealth management office.
Garris will focus on developing and overseeing BMT’s ongoing relationships with clients and managing the delivery of wealth management services.
Prior to BMT, Garris was at Wells Fargo, where he spent five years advising high net worth clients on tax, business succession, asset protection, estate planning, and charitable giving.
National Western Life Group
The life insurance firm has named James Ryan as senior vice president and head of sales.
Ryan has over 25 years of experience in financial services, wealth management, insurance, and investments.
He has held senior sales leadership and relationship management roles with Lincoln Financial, Prudential Financial and Sun Life of Canada, and most recently, he served as head of sales for life insurance at Voya Financial.
First Republic Bank
The private bank and wealth management company has hired Kieran Lynch, Jack Inserra, Craig Kaufman and Joel Kaufman to join First Republic Investment Management based in Paramus, New Jersey.
Lynch, Inserra and Craig Kaufman were each named managing directors and wealth managers, and Joel Kaufman was named vice president and wealth manager.
They will provide investment management, retirement planning, investment consulting and other wealth management services to individuals, families, nonprofits and private family foundations.
Prior to First Republic, Lynch and Craig Kaufman were senior vice presidents at UBS Financial Services.
Inserra was first vice president at UBS Financial Services, while Joel Kaufman was a senior wealth strategy associate at UBS Financial Services.
First Tennessee Bank
The group has named Jarrod Grubb as relationship manager in its music industry banking team.
Grubb, who previously was senior vice president with First Tennessee’s private client services division, is based at the bank’s Music Row, Nashville office.
He will report to Andrew Kintz, executive vice president of First Tennessee’s music industry group.
The music industry group provides specialised financial services to music industry businesses and individuals both locally and nationally.
Eudaimonia Group
James Parrish Jr has joined the registered investment adviser (RIA) as chairman.
Parrish has over 30 years of senior executive experience and was recently vice chairman of B Riley Wealth Management.
Team Hewins
The wealth manager has hired financial planner Clari Nolet in its Redwood City, California office.
Nolet specialty is working with women in transition, be it from the loss of a spouse, divorce, or retirement from a long successful career.
Prior to joining Team Hewins, she held financial adviser roles with Wealth Architects and Opes Advisors.
Strategic Wealth Partners Group
The independent wealth management firm has hired Kirk Hackbarth, Andrew Cohn and Joseph Thompson to its team.
Hackbarth, who has 25 years’ experience, and Thompson, who has been in the industry since 2014, join the firm in the Milwaukee office as wealth adviser and wealth associate, respectively.
Cohn joins the firm’s Deerfield, Illnois office and serves as a retirement plan adviser.
M&A
Mercer Global Advisors
The RIA has acquired Connecticut-based Regent Wealth Management Group.
The financial terms of the deal were not disclosed.
Regent serves approximately 110 high net worth households with assets under management (AUM) of approximately $300m (£247m, €271m).
The acquisition brings Mercer’s total offices to 43, and increases Mercer Advisors’ total AUM to over $16.5bn.
Regent was founded by Alan Weiss in 1987.
Ducera
The investment banking firm has made an investment into wealth management firm Luxon Financial after both signed a strategic alliance.
The financial terms of the deal were not disclosed.
The goal of the investment and the strategic alliance is to support the growth of Luxon’s wealth management business and to enhance and complement the services offered to their respective clients.
A representative from Ducera will also join the board of Luxon Financial.
