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October 26, 2011 at 07:10 AM
This week in new hires, Len Reinhart joined Wealthcare Capital Management’s board of directors; Andrew J. Bowden was appointed the SEC’s new associate director of advisor exams; and the Senate confirmed Luis Aguilar and Daniel Gallagher as SEC commissioners.
Also, Scott Hanson made Barron’s top 100 independent advisor list, Megan Brozowski of RegentAtlantic Capital launched a firm-sponsored wellness series for affluent women and Jeff Palm became Allianz Life’s new CIO.
Wealthcare Capital Management Welcomes Reinhart
Wealthcare Capital Management announced Tuesday that Len Reinhart, the former president and founder of the Lockwood family of companies, will join the firm’s board of directors. In addition, he will participate in the firm’s business development efforts.
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Reinhart (left), who retired from Lockwood, joins Wealthcare’s board at a time, according to the firm, when it is “expanding its offerings in ways that will dramatically change the wealth management landscape.”
In other Lockwood news, in September a group of top executives from Lockwood Advisors, the leading SMA platform provider that is a subsidiary of BNY Mellon and an affiliate of Pershing LLC, broke away to form a new company, called Palladiem Partners. Palladiem is led by Lockwood co-founder and former CIO Donald Robinson as CEO.
Prior to founding Lockwood in 1995, Reinhart was president of the consulting group of Smith Barney, the investment management consulting division of Smith Barney, Upham Harris & Co. He started his career in 1978 at E.F. Hutton & Co., before its merger with Smith Barney, and was directly responsible for developing programs that introduced institutional-level professional investment management services to the individual investor marketplace.
SEC Names Legg Mason Exec the New Associate Director of Advisor Exams
The SEC announced Friday that Andrew J. Bowden has been appointed an associate director to lead the National Investment Advisor/Investment Company Examination Program in the SEC’s Office of Compliance Inspections and Examinations. He starts November 1.
Bowden, who formerly held senior executive positions in Legg Mason’s legal/compliance and business units, succeeds Gene Gohlke, who retired from the agency earlier this year after 35 years. He comes to the SEC from Legg Mason, where he held senior executive positions in its legal/compliance and business units. He will oversee a staff of approximately 450 lawyers, accountants, and examiners responsible for the inspections of U.S.-registered investment advisors and investment companies.
Senate Confirms SEC Commissioners Gallagher and Aguilar
The Senate voted to confirm two SEC nominees who will be deeply involved in finalizing nearly 100 rules required by the Dodd-Frank Wall Street overhaul law.
Luis Aguilar, a Democrat, began serving as a commissioner at the SEC in 2008 and has continued in that role even though his term expired last year.
Republican Daniel Gallagher is a former SEC staffer who is now a partner in the securities department of the law firm Wilmer Cutler Pickering Hale and Dorr. He will replace former SEC Commissioner Kathleen Casey, who left the agency in August.
Scott Hanson Named among Barron’s Top 100 Independent Financial Advisors
