The Wells Fargo subsidiary has named Jack Ginter as head of the company.
Ginter was most recently was senior managing director for Abbot Downing.
He succeeds Jim Steiner, who has assumed a role in Wells Fargo Asset Management focused on expanding outsourced chief investment officer offerings for clients across wealth and investment management.
The independent asset manager has named Jean-Philippe Lemay as global president and chief operating officer.
He has been at the firm since 2012.
Lemay succeeds Vincent Duhamel who has been appointed as vice chairman of the board.
Bill Rudnick will lead the firm’s family office services group as senior partner and general counsel.
He has more than 30 years of experience leading client-facing teams.
Fiduciary Trust International
The wholly-owned subsidiary of Franklin Templeton has hired Kevin Carter as senior portfolio manager.
Carter, who has more than 25 years of wealth and asset management experience, is based in Fiduciary Trust International’s New York office.
He was most recently vice president and senior portfolio manager at PNC Wealth Management.
Lyle Weintraub has been named managing director and wealth management adviser.
He will be based in Manhattan, New York.
Crow Point Partners
The Boston-based firm will acquire a minority stake in Oak Park Wealth Management.
Crow Point will begin offering private wealth management and family office services to the marketplace under the Oak Park brand name.
The financial terms were not disclosed.
The financial services firm has agreed to buy broker-dealer Western Equity Group.
The transaction, which is subject to regulatory approval, will allow Modern to expand its footprint into the retail and institutional sectors.
It is expected that Western Equity Group will be renamed Modern Capital Securities and all of its staff will join the Modern team.
The financial terms of the deal were not disclosed.