Two registered funding advisors with vital presence in particular person wealth and employer-based retirement plan recommendation have appointed new firm-wide leaders by promotion from inside.
Prime Capital Monetary, an Overland Park, Kan.-based RIA with greater than $40 billion in consumer belongings, has promoted Scott Duba to the newly created place of president, from his prior function as chief funding officer and president of wealth administration.
Within the new function, Duba will tackle a broader management function throughout Prime Capital’s enterprise strains, together with retirement plan recommendation and the lately created household workplace and tax divisions. Duba had joined Prime Capital in 2021 from RIA Mariner Wealth Advisors.
Prime Capital pointed to Duba’s function in increasing the agency’s various funding choices and rising its tax advisory, multi-family workplace and monetary planning and insurance coverage companies.
As well as, Prime Capital introduced that Will McGough has been promoted to chief funding officer of the agency, following his former function as deputy CIO. McGough joined Prime Capital in 2023 as director of investments, having constructed his personal capital markets and asset and wealth administration consulting apply.
McGough will now oversee a workforce of 12 buyers and steer Prime Capital’s funding technique, portfolio administration, buying and selling and analysis features. The agency famous that McGoush is “an early innovator in ETF‑based mostly options and defined-contribution advisor‑managed accounts.”
Prime Capital, which has a minority funding from Abry Companions, has been including service strains even because it acquires wealth administration corporations.
In late 2024, the RIA employed retirement plan advisor Jania Stout to supervise its retirement and monetary wellness channels. Final 12 months, it bolstered its retirement plan experience by hiring Fred Reish from the legislation agency Faegre Drinker to steer its fiduciary and Worker Retirement Earnings Safety Act apply.
OneDigital Names President, COO
Monetary advisory OneDigital, which is additionally an insurance coverage brokerage and HR consulting agency, individually introduced that Invoice Carew has been promoted from chief working officer to president of the $143 billion, Atlanta-based firm.
Carew joined OneDigital in 2013 via its acquisition of Ovation Advantages, the place he had been a managing principal on the then-independent worker advantages agency. Carew grew to become COO of OneDigital in 2019, overseeing collaboration throughout the agency’s enterprise strains.
As president, he’ll proceed to hunt alignment throughout OneDigital’s regional workplaces and platform-level companies that join worker advantages, HR and monetary companies, whereas reporting to Chairman and CEO Adam Bruckman.
“OneDigital’s monetary companies and wealth administration enterprise is a core progress engine for the agency and a vital manner we ship long-term worth for each plan sponsors and particular person households,” Carew mentioned by way of electronic mail. “What makes that platform particularly highly effective at OneDigital is the way it connects with our broader ecosystem—permitting us to assist folks from the second they start saving via each stage of constructing and defending their wealth.”
His former function as COO might be crammed by Camry Blaising, who had been government vice chairman of operations. Blaising additionally joined OneDigital by way of acquisition in 2019 from Northwestern Profit, the place she was additionally COO.
In her new function, she’s going to oversee the day-to-day operations of the group whereas main its nationwide practices, Facilities of Excellence and company operations.
The strikes come a number of months after OneDigital offered a majority stake to Stone Level Capital and Canada Pension Plan Funding Board in a deal that valued the RIA at greater than $7 billion. This week, the RIA additionally introduced the addition of personal market funding choices to its personalised portfolio program for 401(ok) plan sponsors.
The 2 RIAs bolster their management constructions as they search to capitalize on the connection between their wealth recommendation and employer-sponsored plan clientele, amongst each plan members and agency executives. That connection has confirmed difficult to some corporationshowever stays a spotlight space of enormous RIAs overseeing billions of belongings throughout each particular person wealth administration and retirement plans.
