RBC Wealth Management says it recently welcomed two new women branch directors to the firm: Amy Whittington and Angelica Nelson.
Whittington is now in the Houston Galleria branch. She has over 20 years of industry experience, including as the founder of the consulting firm Optic Financial Solutions and as a management at several regional firms.
Nelson joins RBC as the Denver Tech branch director. She has been in the business for 18 years and joined from TD Ameritrade-Scottrade, where she led branch offices and had an elected board position.
“RBC Wealth Management is committed to attracting more women to the firm. Amy and Angelica are proven leaders who are committed to growing their branches and increasing advisor productivity,” according to Kristen Kimmell, chief of staff at RBC Wealth Management. “Adding more women to leadership positions is good for the industry, good for our business, but most of all, good for our clients.”
RBC, which includes 1,800 advisors with about $336 billion in assets, says it launched a digital program to focus on the role of financial advisors and what it takes to become part of the industry. It includes stories on some of the firm’s most successful women financial advisors.
In other news, Janney Montgomery Scott says advisor Steven N. Perlman has joined its Boston branch office from Raymond James & Associates, where he has been an employee for the past 12 years; Perlman has been in the industry for about 23 years and cut his teeth at Morgan Stanley, according to FINRA BrokerCheck.
“Steve is a great addition to the depth of talent in Janney’s Boston branch office and we are thrilled to welcome him to the firm” said David Varela, complex manager, in a statement. “He is well-respected in the area and has built a strong practice by focusing on the individual needs of his clients.”
Meanwhile, EP Wealth Advisors, a fee-only RIA and financial planning firm based in Torrance, California with about $3.6 billion in assets as of March 31, says it has acquired San Diego-based Donnelly Wealth Advisors, adding over $400 million to EP Wealth’s assets under management.
“The partnership with DWA marks EP Wealth’s fourth acquisition in California since early 2016 and will further enhance their presence in the greater San Diego area,” the firm said in a statement.
Earlier, EP bought Millie Capital Management of Walnut Creek, Ballou Plum Wealth Advisors of Lafayette and Private Capital Management Associates of San Mateo.
DWA is an independent RIA firm founded by Richard “Rich” Donnelly in 1997. Donnelly will assume the role of Regional Director at EP Wealth.
“DWA is one of the largest and fastest-growing fee-only RIAs in San Diego, and its multi-generational team will provide us with strong organic growth as we continue to enhance EP Wealth’s San Diego presence,” said Patrick Goshtigian, CFA, president and CEO of EP Wealth, in a statement.
The transaction is EP Wealth’s second since Wealth Partners Capital Group invested in the firm about a year ago.
“The RIA market is evolving and the environment is favorable for firms that can offer clients a wide range of personalized planning services. EP Wealth and DWA’s combined resources and expertise do just that,” according to Rich Gill.
Griffin Cap News
Griffin Capital Company says its broker-dealer Griffin Capital Securities has appointed Mark Pillor to the role of senior regional vice president-external wholesaler. In the new role, Pillor — previously assistant vice president-internal wholesaler at Griffin Capital Securities — will lead support for independent broker-dealers and advisors in the Midwest focused on alternative investment strategies for investor clients.
“We’re excited by the continued increase in demand among individual investors and the financial advisors who serve them for alternative investment solutions that offer mass affluent and high net worth investors access to assets, strategies and outcomes that are usually available only to elite institutional investors,” said Cory Calvert, national sales director of Griffin Capital Securities, in a statement.
“Our promotion of Mark Pillor to our leadership team, together with the other organizational enhancements we have made, shows how our culture of developing key talent from within and fostering a strong bench strength continue to reinforce our ability to deliver a best-in-class support experience for financial advisors seeking to align alternatives with their clients,” Calvert explained.
In addition, Griffin Capital has added 15 more employees this year and expanded the leadership roles of four more professionals:
- Brady Gallagher, a mentor and industry veteran, was promoted from senior regional vice president-external wholesaler to the leadership position of divisional sales director;
- Rachel Lage was promoted from assistant vice president-internal wholesaler to vice president-associate external wholesaler with coverage of Alabama, Arkansas, Louisiana, Mississippi and Eastern Texas;
- Jade Clark become vice president-associate external wholesaler from associate vice president-internal wholesaler; and
- Gizelle Lara was named assistant vice president-internal wholesaler from an entry level development role.
“Looking ahead, we believe the success we have experienced across all of our investment solutions position the entire Griffin organization for significant continued growth,” explained Jed Brody, senior vice president and head of internal sales at Griffin Capital Securities, in a statement.