The latest senior appointments, moves and personnel changes in North American wealth management.

Cliffwater

Cliffwater, a private markets interval fund manager, has appointed Sean Brenan as head of real estate and portfolio manager of Cascade Real Assets Fund. 

Brenan will be responsible for managing Cliffwater's opportunities across real estate, infrastructure, and other real assets sectors, the firm said.

With more than 16 years of real estate investment, portfolio management, and leadership experience, Brennan was previously global head of Goldman Sachs' real estate secondaries, primaries, and co-investment platform. 

In February, Cliffwater filed for its Cascade Real Assets Fund, an evergreen private real assets fund that combines the firm's interval fund expertise with its real estate, infrastructure, and other real assets capabilities. Cliffwater has been investing in private real estate on behalf of its institutional clients for over 20 years. The firm, which was founded in 2004, says it is one of the largest providers of alternative investment solutions for the wealth management channel. Cliffwater's private markets interval fund platform is the largest in the market with $44.5 billion in net assets as of March 31, 2026.
 

Raymond James 

Financial advisors Jason Hull and Jessica Penza have joined the employee advisor channel of Raymond James. They have arrived from UBS Financial Services, where they ran about $450 million of client assets. Operating as Hull Penza Wealth Advisors of Raymond James in Dublin, Ohio, they are joined by client service associate Jennifer Hill.

Hull, senior vice president of wealth management, began his financial services career in 1995 and joined RJ after 12 years at UBS. Penza, vice president of investments, began her financial services career in 2007. She is joining after building experience across client service, operations and wealth management.

Financial advisors in Salt Lake City, Utah, have also joined the firm's independent advisor channel, having previously worked at Stifel, where they had looked after about $620 million in client assets. The advisors are Richard Romano Jr, Amanda Arcilesi Simmons and Brian Collard. The team operates as ARC Wealth Management (ARCWM) in Salt Lake City, Utah. The advisors are joined by director of branch operations Kelsey Haycock and director of client services Meredith Duncan.