This week in new hires, the Seiler brothers went to Raymond James, while Greg Williams was named to a new position there; Carson Wealth Management launched its own RIA; and Aaron Cooper and Richard Perkins went to Putnam. Mehras joined UBS Wealth Management Americas; Robert Robis went to ING; Edelman Financial opened a new office; MP&S added Eric Kreuter as a partner; and Chris Ashe went to New York Life.
Also, Matt Dean went to LTCI Partners and Kennedy Capital Management added Nikki Baker to its compliance team.
Raymond James Grabs $500 Million Morgan Stanley Team
A high-net-worth team that manages more than $500 million joined Raymond James & Associates from Morgan Stanley Smith Barney, Raymond James said Monday. Thomas A. Seiler and his brother Patrick M. Seiler, CIMA, CFP, are now part of the Newtown, Pa.-based employee-channel office of Raymond James.
Thomas Seiler began his financial services career in 1990 at Merrill Lynch. Patrick Seiler started his financial career in 1995 with A.G. Edwards, moving subsequently to partner with Thomas at Merrill Lynch. The two moved to Smith Barney in 2005.
Williams Named to Private Client Group Managing Director at Raymond James
On Tuesday, it was announced that Greg Williams has been chosen to fill the new position of senior vice president and managing director of private client group administration. To improve productivity, Williams will work with other private client group leaders to further align functions supporting Raymond James financial advisors and their clients. He will report directly to Raymond James Chief Operating Officer Chet Helck.
Williams, a 17-year veteran of Raymond James, is currently chief administrative officer for subsidiary Raymond James Financial Services and a member of the RJFS board of directors. He previously worked in accounting and asset management services.
Carson Wealth Management Launches RIA Firm CWM, LLC
Carson Wealth Management Group, an independent investment and wealth management firm with over $3 billion in assets under advisement, on July 20 announced the launch on July 1 of its own independent RIA: CWM, LLC. The RIA will be led by Ron Carson, with newly appointed CIO Rob Isbitts closely involved in the firm’s investment strategy and portfolio selection.
Carson Wealth Management Group’s new RIA will continue to work with its long-time, valued partner LPL Financial, which will serve as the firm’s primary custodian. The RIA firm will also maintain custodial relationships with TD Ameritrade and Charles Schwab Institutional.
Putnam Investments Adds Cooper, Perkins
Putnam Investments announced Tuesday that it has named Aaron M. Cooper director of global equity research and Richard (“Shep”) Perkins co-head of international equities. Perkins will partner with London-based Putnam veteran Simon Davis, and all three managers will report directly to Walter C. Donovan, Putnam’s chief investment officer.
Cooper will also be portfolio manager on Putnam Research Fund and Putnam Global Sector Fund, joining the analysts who are currently listed as portfolio managers on the funds. Perkins will be named portfolio manager of Putnam Global Equity Fund, along with existing portfolio manager Darren Jaroch. Both Cooper and Perkins, who previously held investment roles at Fidelity Investments, will be based in Boston.
UBS Wealth Management Americas Appoints Mehra Head of Manager and Fund Research
UBS Wealth Management Americas announced on July 21 the appointment of Ajay Mehra as head of manager and fund research and managing director, reporting to Tony Roth, head of wealth management strategies. In that role, he will be responsible for delivering investment advice and guidance to financial advisors and clients covering more than $100 billion of institutional and retail managed separate account assets and more than $200 billion of mutual fund assets.
Mehra joins the firm from Columbus Nova, where he was portfolio manager and partner, managing a global long-biased equity fund and working on principal investing transactions for emerging market investments. He began his career in this field with Morgan Stanley in 1996, before moving to Columbia Management. He also led equity research at State Street Research & Management and was lead manager of two mutual funds.
ING Investment Management Americas Hires Robis