LPL Monetary, the San Diego-headquartered impartial dealer/supplier with servicing and custody of about $2.3 trillion in brokerage and advisory belongings, has appointed two new government vice presidents within the agency’s New York workplace.
Suzanne Elovic has joined as government president and head of supervision, with duty for enhancing the agency’s supervision expertise for advisors. She was beforehand at AngelList, the place she was chief compliance officer. She has held numerous authorized and compliance roles over the course of her profession, together with at FINRA, UBS, Carta and regulatory expertise agency Parallel Markets.
Mike Murphy has additionally joined as senior vice chairman and head of service. Most not too long ago, he was with LongBridge Securities as chief operations officer. Previous to that, he was with E*Commerce by Morgan Stanley, the place he served as managing director of digital direct shopper providers. On this position, he’ll oversee LPL frontline service groups.
Each will report back to John O’Neill, government vice chairman and head of service and supervision.
This follows information earlier this week that LPL employed Ilan Davidovicia former principal and basic companion at Edward Jones, as government vice chairman of company technique, a newly created position.
Nationwide Promotes Retirement, Expertise Leaders
Nationwide has promoted two leaders this week in two totally different enterprise traces.
Nationwide Retirement Options, Nationwide’s private and non-private sector retirement plans enterprise, has promoted Suzanne Ricklin as its new head of distribution. She was beforehand vice chairman of retention and gross sales for retirement options distribution, which encompasses greater than $208 million in belongings and practically 3 million plan members.
She replaces Wealthy Porter, who left the corporate to pursue one other alternative.
Individually, Nationwide additionally promoted Misty Kuamoo to chief expertise officer and senior vice chairman at Nationwide Monetary, with duty for all tech options for the monetary providers companies. She was beforehand serving as senior vice chairman and CTO of company tech and office options.
This follows the appointment of Michael Carrel as enterprise CTO final month.
FinServ Basis Provides Two to Board of Administrators
The FinServ Basis, a nonprofit devoted to creating the subsequent era of economic providers professionals, has added Erin Wooden, senior vice chairman of superior planning at AssetMark, and Brian Hamburger, MarketCounsel founder and CEO, to its board of administrators.
Wooden has greater than 20 years of expertise in advisory agency possession and enterprise management. Earlier than becoming a member of AssetMark, she was head of economic planning and superior options at Carson Group.
Hamburger is the founding father of MarketCounsel, a strategic and regulatory consulting agency serving impartial monetary advisors, RIAs, and fintech companies. He’s a acknowledged authority on advisory agency technique, compliance and M&A.
Omaha-Based mostly Portfolio Supervisor Returns to First Manhattan
Adam Yale, a former companion and portfolio supervisor at Lawson Kroeker Funding Administration, has joined First Manhattan, an RIA with greater than $36 billion in belongings beneath administration, in Omaha, Neb.
Yale returns to First Manhattan, the place he started his profession greater than 25 years in the past. The RIA has historic ties to Omaha; the agency’s founder, David “Sandy” Gottesman, had a private and enterprise relationship with Warren Buffett. Gottesman was an unique investor within the entity that later turned Berkshire Hathaway. And Yale’s grandfather, Ike Friedman, acquired Borsheims together with his father in 1947, earlier than it turned a part of Berkshire Hathaway in 1989.
$400M Florida RIA Appoints Chief Development Officer
Aventura Non-public Wealth, an Aventura, Fla.-based RIA with greater than $400 million in belongings, has appointed Dayana Velasco as chief progress officer. She joins from Wells Fargo Advisors, the place she was a senior vice chairman and space supervisor.
On this position, she’ll give attention to advisor improvement, goals-based planning and an enhanced shopper expertise.
Aventura was launched in 2024 by Founder Shmuel Maya and his crew, who moved their ebook from JP Morgan to Insigneo. It selected Goldman Sachs Advisor Options as its major custodian.
FMG Pronounces C-Suite Exec Reshuffling
Dave Christensen, co-founder and former chief product and technique officer of promoting expertise platform FMG, has been appointed CEO, succeeding Scott White, who held the position for the final decade. White will transition to FMG’s board of administrators.
As a part of the chief reshuffling, Michelle Feinstein has joined FMG and can tackle Christensen’s chief product and technique officer duties. She got here on board from Salesforce, the place she served as basic supervisor of world monetary providers options.
The agency additionally introduced on Mo Ayadi, a former senior vice chairman of economic expertise merchandise at LPL Monetary, as chief data officer. Ayadi will lead the knowledge tech and safety groups.
This follows information in September that GTCR, the Chicago-based personal fairness agency, closed on its acquisition of FMG and appointed Mark Casady, the previous CEO of LPL Monetary and co-founder and basic companion of Vestigo Ventures, as government chairman of FMG.
