Goldman Sachs has named Katie Hyde to serve as the regional head of its Private Wealth Management business in San Francisco.
Hyde, who joined Goldman Sachs in 2005, has advised clients in the San Francisco, New York, and Los Angeles regions. She is taking over from Joseph Camarda, who will serve as a private wealth advisor after seven years as region head.
“Given the importance of the Bay Area and Silicon Valley to our ambitious plans for growth, we are thrilled to name Katie as region head of our San Francisco office” according to John Mallory, Head of Americas Private Wealth Management. “Katie knows our clients well, plays an active role in the community, and will be a fantastic leader in serving clients in the region.”
Goldman Sachs’ Private Wealth Management works with ultra-high net worth clients as well as with foundations and endowments through 13 regional offices in the Americas. The San Francisco office opened in 1968.
HD Vest Financial-affiliated Wymer Brownlee Wealth Strategies says it plans to double client assets under management over the next six to eight years. The Enid, Oklahoma-based group currently has some $600 million in assets.
“Comprehensive tax reform has opened new opportunities and necessitated more sophisticated tax advice in business and financial planning for high net worth individuals and families, an area that benefits greatly from our firm’s experience, purpose and integrated approach,” explained Kyle Brownlee, CEO and senior wealth advisor of WBWS, in a statement.
“Our strategic growth plan accommodates rapid growth in assets and clients served and reflects a recent increase in interest from high net worth prospective clients seeking an independent wealth manager for holistic advice,” he added.
The group’s growth plan has the following aims: double assets under management by reaching new clients across Oklahoma and continuing to create value for existing clients; add two to three advisors across its network of offices; and hire three to four support staff.
Recently, WBWS has hired professionals in areas like law, tax, accounting and marketing. It also relocated its Oklahoma City office to better serve clients across the city.