Former Bank of America-Merrill Lynch (BAC) advisors Elizabeth (Lisa) van Walleghem and Thomas (Jim) Butler III have launched their own firm, MAXIMAI Investment Partners, in partnership with Dynasty Financial Partners.
The new firm, based in Coral Gables, Florida, is an independent boutique investment advisory firm focused on working with ultra-high-net-worth entrepreneurs and families from around the world. In addition to van Walleghem and Butler, who were formerly responsible for managing $550 million in client assets, the new firm counts three additional Merrill alumni: Alejandro Behrens, Daniella Viete and Ana Bueso, all from the Merrill Lynch Miami Latam Complex.
“One of the main reasons that we have decided to launch MAXIMAI is our desire to build stronger relationships with our clients, their families and communities by offering objective and transparent advice unconstrained by the structure of a one-firm model,” van Walleghem said in a statement.
(She had worked for Merrill Lynch since 1993, while Butler had been with Merrill since 1988.)
Centennial, Colorado-based Greenwood Investment Management has been acquired by RMB Capital. Ken James, founder and sole proprietor of Greenwood, has joined RMB as a consultant; the transaction adds more than $60 million in assets to RMB, an independent financial services firm with about $5.2 billion in assets under management.
RMB is headquartered in Chicago with offices in Denver, Jackson Hole, Wyoming and Washington, D.C., as well as several satellite locations.
Raymond James (RJF) says it recruited an 18-year Morgan Stanley veteran to its independent channel in Silicon Valley.
Dieter Ramaekers, CFP, CIMA, of Los Gatos, California, previously managed about $132 million in client assets and had $1.2 million in yearly fees and commissions, according to Bill Counsman, regional director for Raymond James Financial Services’ western region.
Ramaekers will become a branch manager and join former-Morgan Stanley colleague Victor Adint, who affiliated with Raymond James in 2009.
“I was considering going independent for some time, and what attracted me most to Raymond James was the capability and flexibility to run my business the way I have always wanted,” said Ramaekers, in a statement. “In addition to the independence and freedom, I appreciated the amount of back office support Raymond James provides its advisors.”
According to Counsman, “Many advisors consider Raymond James when going independent, due to the firm’s entrepreneurial spirit, robust technology and unparalleled advisor support. We are pleased to offer Dieter this and more as he continues to grow his practice as an independent advisor.”