Barclays Wealth said Tuesday that it hired seven financial advisors in New York, Boston, Chicago and Atlanta, as well as a director and regional manager for its operations in Palm Beach, Fla.
The seven new Barclays Wealth advisors have $2.24 billion in combined client assets and generated a total $17 million of revenue in the past year, according to the company. They join Barclays Wealth as investment representatives from UBS, Bernstein, Wilmington Trust and JP Morgan.
Barclays Wealth has 250 advisors now in the Americas catering to high-net-worth clients.
“We have been very successful in recruiting top advisors this year. I am confident that with the continued build-out of our platform – part of the significant global investment the firm is making in our business – we will meet our goal of attracting many more high-performing advisors in 2011,” said Mitch Cox, head of Barclays Wealth, Americas, and head of research and investments worldwide, in a press release.
In Boston, James Egan joins Barclays Wealth from Bernstein Global Wealth Management, while Michael Reiser and Ria Hart join from Wilmington Trust. They report to Marty Courage, the regional manager.
In New York, George Kolodka has been hired after spending the past nine years at Bernstein Global Wealth Management. He reports to Mark Stevenson, New York regional manager.
In Atlanta, Jamie Weeks III and Hunter Hamm join from UBS Global Asset Management and UBS Financial Services, respectively. They report to Linda Eydt, regional manager for Atlanta.
In Chicago, Michael D. Schwartz was hired from JP Morgan Private Wealth Management. He reports to Chris Williams, regional manager for Chicago.
“We are pleased to welcome these seasoned wealth management professionals to our firm,” said Steve Houston, Head of Wealth Management, Americas, who oversees the regional branch management and Investment Representatives network for Barclays Wealth.
In Palm Beach, John Cregan has been hired as director and regional manager. He previously worked for Hotchkiss Associates, a Chicago-based wealth-management firm, and now reports to Steve Houston, head of wealth management in the Americas.
“It is a pleasure to welcome a regional manager of John’s caliber, background and deep experience to head up our Palm Beach office,” said Cox, in a statement.