More On Legal & Compliancefrom The Advisor's Professional Library
- Registration Requirements for Investment Advisor Representatives (IARs) When individuals launch an advisory firm, they must avoid marketing themselves or the firm as investment advisors before they are properly approved and registered. Otherwise, they are subject to severe penalties.
- Client Communication and Miscommunication RIA policies and procedures must specify what type of communications should be retained. The safest course of action is for RIAs to retain all communicationsto clients, from clients, and about client accounts. To comply with fiduciary obligations, communications must be thorough and not mislead.
This week in personnel announcements and new hires, NASDAQ OMX named Thomas Wittman global head of equities, Kira Bazile joined North Street Global as president, Citi Private Bank announced changes in its family office leadership, and Pax World hired Steven Falci as chief investment officer.
Also, Franklin Templeton Investments has named Tim Buckeridge as director of VAIO sales, Tiffani Boskovich was named portfolio manager at the Private Client Reserve of U.S. Bank in Denver; Alison Smith moved up at Tiger 21; and U.S. Bank made two personnel announcements in the Salt Lake City area.
Whitman to Head Global Equities at NASDAQ OMX
The NASDAQ OMX Group Inc. announced that it has appointed Thomas Wittman executive vice president, global head of equities. He will report directly to Hans-Ole Jochumsen, president, global trading and market services.
Wittman was recently senior vice president, head of U.S. equities and derivatives and president of NASDAQ OMX PHLX. Earlier he was vice president of U.S. options. He joined NASDAQ OMX in 2008 through the acquisition of PHLX, formerly the Philadelphia Stock Exchange.
North Street Global Welcomes Bazile as President
North Street Global has announced that Kira Bazile has joined the firm as president.
In the prime brokerage component of the hedge fund industry for more than 17 years, most recently Bazile was a managing director at BTIG. She began her prime brokerage career at Goldman Sachs in 1997. She then worked at Deutsche Bank for eight years.
Citi Private Bank Changes Family Office Leadership
Citi Private Bank has announced that William Woodson will join the firm in June as managing director and head of the North America family office group. He will be based in West Palm Beach and report jointly to Peter Charrington, CEO, Citi Private Bank, North America, and Catherine Weir, global head of family office group, Citi Private Bank. Stephen Campbell, formerly head of the group, has been named chairman for the North America family office group.
Woodson joins from Credit Suisse, which he joined in 2007 to lead the firm’s multifamily office practice and wealth planning group, and where he most recently headed the ultra-high-net-worth and family office business for the North American private bank. A tax professional by training, he spent a decade in public accounting with both Coopers & Lybrand and Arthur Andersen before leaving to run the family office for one of his largest clients. He was a founding member and managing director of myCFO and worked as a private banker with the Merrill Lynch private banking and investment group before joining Credit Suisse.
Campbell, with more than 25 years of financial industry experience, joined in 2011. Earlier he led investment management and technology organizations for Fidelity Investments in the U.S., Europe and Asia; founded as well as invested in early-stage venture companies; and served as CIO of a family office.
Pax World Management LLC has announced that Steven Falci has joined as CIO.
Falci brings more than 30 years of experience in financial services, more than 10 of which were spent developing and overseeing sustainable investment practices. Prior to joining, he served as head of strategy development, sustainable investment at Kleinwort Benson Investors. Earlier he served as CIO, equities at Calvert Group and was a principal and senior portfolio manager at Mellon Equity Associates.
Buckeridge Moves Up at Franklin Templeton
Franklin Templeton Investments has named Tim Buckeridge as director of VAIO sales. He reports to Yaqub Ahmed, SVP and head of the investment-only division — U.S.
A 15-year veteran of the financial services industry, Buckeridge most recently served for 10 years covering the northeast region as a VAIO sales specialist.
Boskovich Named Wealth Manager at Private Client Reserve in Denver
Tiffani Boskovich has been named portfolio manager at the Private Client Reserve of U.S. Bank in Denver.
Boskovich has over 14 years of financial services experience working in investment management and trust services for HNW individuals in Colorado and Wyoming. Prior to joining, she served as vice president, investment manager with ANB Bank in Denver where she managed the investment department within the trust division.
Smith Rises at Tiger 21
Tiger 21 has announced the promotion of Alison Smith to director of marketing and membership in New York.
Smith, who joined Tiger 21 in 2007, had been director of member relations. Earlier, she worked at Marina Maher Communications in media relations. Prior to that, she worked at the United Nations Association, where she organized and oversaw educational conferences nationwide.
U.S. Bank Makes Salt Lake City Announcements
U.S. Bank Wealth Management has announced that Brad Sawyer has joined the Private Client Reserve in Salt Lake City as wealth management advisor and Mike Poulter, SVP and Salt Lake City market leader of the Private Client Reserve, has been named chair of the Planned Giving Committee of Utah Symphony|Utah Opera (USUO).
Sawyer has over 30 years of experience in the financial services industry. Prior to joining, he served as capacity coach with Team Performance Group in Ogden, Utah.
Poulter has nearly 20 years in the financial services industry and leads a team of wealth management professionals. He has been a member of the USUO planned giving committee for eight years.