People Moves

Summary Of North American Moves In Wealth Management – August 2022

Editorial Staff, October 4, 2022


August was, despite being a vacation month, a relatively busy month for moves and appointments in wealth management.

Raymond James welcomed financial advisors Samuel Bates, Darin Frandsen and Adam Fluckiger to its independent advisor channel in Saint George, Utah.

Together the advisors form North Rim Financial Group were joined by client service managers Sara Bingham, Tabatha Ghramm, Michele Platt and Sheri Hamilton.
Raymond James brought in financial advisors Nicholas Troiano and Mathew Mattice to its employee advisor channel. Together, as Next Level Planning & Investments of Raymond James, with offices in Denver and Boulder, Colorado, the group provides financial and investment planning services.

Financial advisor, Robert Diaz joined Raymond James’s independent advisor channel in Alton, Illinois. Diaz is joined at Confluence Wealth Management – linked with Raymond James – by practice business manager Jack Hoelscher and client service manager Jennifer Mobley. Diaz was previously affiliated with Edward Jones where he managed more than $115 million in client assets.

Taiber Kosmala and Associates, an independent investment consulting firm, appointed Dan Pazar as executive vice president and senior member of the investment committee. Prior to this, Pazar was a senior-level investment professional at Lowery Asset Consulting, now a part of BDO USA. Pazar has worked in investment consulting for more than 15 years. 

Taiber Kosmala and Associates is an independent investment consulting firm advising more than $11 billion in client assets.

Millennium Trust Company, an Illinois-based provider of retirement, custodial, and consumer-directed benefit services, appointed Michelle Spellerberg as its chief marketing officer. Spellerberg spent more than eight years with Alliant, a nationwide digital credit union, where she was vice president and CMO.

IQ-EQ, an investor services provider, appointed Cory Thackeray as its head of Caribbean, a newly-created regional leadership position. Thackeray is responsible for overseeing strategy, operations and performance across the group’s Cayman, Curaçao and Bermuda offices. 

Prior to this, Thackeray was chief financial officer for CrossTower, a crypto investment and trading firm operating in New Jersey, Bermuda and India. Thackeray is based in the Cayman office reporting to Mark Fordyce, regional CEO of the Americas.

Sanctuary Wealth welcomed the Mackie & Waller Wealth Management Group in St Louis to its network of partner firms. Formerly affiliated with Wells Fargo Advisors, the named partners are Peter F Mackie and Paul P Waller IV. They joined Sanctuary Wealth as an affiliate of another partner firm, Cape Rock Private Wealth in Jackson, Missouri.

Peter F Mackie has decades of experience as an investment portfolio manager at Wells Fargo in St Louis as well as the former Bankers Trust in New York, London, and Palm Beach. Paul Waller, who had been with Wells Fargo since 2008, joined Mackie & Waller Wealth Management Group in 2014. His expertise includes investment planning, IRA distribution, and Federal benefits strategies.

Fiduciary Trust International appointed Sam Fraenkel as a wealth director based in Coral Gables, Florida. Most recently, Fraenkel was head of mergers and acquisitions at REDZONE, a software business delivering plant floor connectivity for companies in the food and beverage industry. He was also founder and president of Tomahawk, a leader in the aggregation and analysis of web-based data for hedge funds. 

Steward Partners Global Advisory welcomed Barr Wealth Management, led by advisor Thomas Barr. Most recently, Barr spent 14 years with Wells Fargo where he managed around $220 million for 35 client households.

Fund platform Allfunds appointed Juan Pablo Valdés as Chile country head. He took over from Sebastián Ochagavía, who left the business to pursue other opportunities.

Valdés, who oversees Allfunds’ local representative office in Santiago de Chile, reports to Laura Gonzalez, head of Americas. He has more than 20 years’ experience in the financial services industry, having served in a variety of roles in which he oversaw the direction of investment on behalf of private bank clients. Most recently, Valdés served as commercial manager at LarrainVial Asset Management, where he led the distribution of mutual and investment funds across different channels. 

Duff & Phelps Investment Management, an affiliated manager of Virtus Investment Partners, appointed Evan Lang as a portfolio manager for its water strategy. Lang's job title is managing director and senior research analyst. Lang reports to David Grumhaus, president and chief investment officer; the two share co-portfolio management duties of the Virtus Duff & Phelps Water Fund. Prior to joining Duff & Phelps, Lang was a portfolio manager at TortoiseEcofin, where he co-managed a sustainable global water strategy. 

Venerable, a US firm that owns and manages a legacy variable annuity business acquired from other entities, appointed Ron Tanner as vice president and deputy general counsel. Tanner reports to chief legal officer Tim Brown. Before this role, Tanner served as executive director and assistant general counsel for FS Investments where he led securities regulation, financial reporting, and corporate governance efforts in addition to orchestrating fund mergers, product development efforts, and preparing securities documentation and corporate governance. 

Family Office Exchange, aka, FOX, appointed Gaby Griffin and David Toth as interim co-presidents. Their appointments followed the recent death of Glen Johnson.

Griffin has been involved with FOX for more than 20 years. Prior to this, she was a member of FOX’s senior leadership team, serving as market leader for business owners and family office executives and other FOX member councils. She has worked in strategic wealth advisory, investment management and corporate banking for 25 years. Among her previous roles, Griffin has worked at Capital Group Private Client Services, Abbot Downing and LaSalle Bank NA.

Toth has been FOX’s market leader for wealth advisor members for seven years and is co-chair of several FOX councils, including the multi-family office, integrated wealth advisor, and strategic chief investment officer councils. Prior to FOX, Toth was a senior executive at PNC Financial Services, Spectrem Consulting and Boatman’s Trust Company (now Bank of America).

Sanctuary Wealth brought The Alteri Group into its embrace. The organization was formerly with Merrill Lynch. Headed by Max Alvis and based in Lufkin, Texas, the team joined through partner firm 6 Degrees Wealth, a joint venture of G Squared Private Wealth led by George Georgiades and Victoria Greene, and Concenture Wealth Advisors led by Robert Gilliland. 

Max Alvis, who served as the senior resident director of the Lufkin, Texas office, began his career as a financial advisor at Merrill Lynch Wealth Management in 1991. Joining Alvis at 6 Degrees Wealth is the team members of The Alteri Group, including wealth advisors Will Alvis, Alexis Hudson Pigg as well as registered client associate Jennifer Hansard, and client associates Elisabeth Alvis Kennedy and Viridiana Cruz. 

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