AssetMark Hires Alyson Tucci as SVP, Corporate Strategy and Development
Wealth management platform AssetMark has hired Alyson Tucci from a director position at Alvarez & Marsal as senior vice president of its corporate strategy and corporate development group. Tucci, who also hosts a Barron’s Advisor podcast on next-generation talent, will report to Chairman and Group CEO Lou Maiuri and be based in Charlotte, N.C.
Concord, Calif.-based AssetMark has called on Tucci to work on growth initiatives, including M&A activity, advisor engagement and “expansion in the RIA channel and private markets.” Before Alvarez & Marsal, Tucci was a partner and head of strategic partnerships at RIA Cerity Partners. She also held leadership roles at J.P. Morgan Wealth Management.
AssetMark has four “primary office hubs” in Concord, Phoenix, Chicago, and Charlotte and over 1,100 employees. It provides services to 10,500 financial advisors and has over $147 billion in assets on its platform.
Raymond James Hires Head of AI Strategy From RBC
Raymond James has hired David Solganik from RBC Wealth Management to head a new role overseeing artificial intelligence strategy and report to the recently hired Chief AI Officer Stuart Feld.
Solganik is leaving RBC after three years as the lead for its U.S. wealth management AI and data work. St. Petersburg, Fla.-based Raymond James said the hire reflects its commitment to “integrating artificial intelligence across its businesses—augmenting the human touch, rather than replacing it.”
To do that, Solganik will focus on giving advisors and clients access to data-driven insights and developing scalable applications that save time and boost the capabilities of advisors, investment bankers and home office employees.
Before RBC, Solganik worked at Morgan Stanley and MetLife.
Stephens Private Wealth Hires Tax, Wealth Strategist
Stephens has hired Jason Thomas from law firm Frost, PLLC, as managing director and chief tax and wealth planning strategist for the financial services firm’s private wealth division.
The Little Rock, Ark.-based wealth manager and investment bank created the new position to support the wealth division’s “financial consultants and the firm’s investment banking team” when working with “clients’ personal tax and legal advisors to deliver integrated, customized solutions.”
Thomas was a tax partner at Frost and, before that, held roles at Morgan Keegan and Rose Law Firm and the consultancy Arthur Andersen.
Stephens is a family-owned investment firm working in securities brokerage, investment banking and other financial services for corporations, state and local governments, financial institutions, and institutional and individual investors.
Prime Capital Adds Financial Planner from Edelman Financial
Ed Callahan, formerly director of financial planning at Edelman Financial Engines, has joined registered investment advisor Prime Capital in central Connecticut.
Callahan joins Overland Park, Kan.-based Prime Capital as a partner and managing director, working with individuals and families.
“He’s exactly the kind of growth-oriented advisor we aim to support as we continue building a team that includes a range of perspectives and at different stages of their careers,” Prime Capital CEO Glenn Spencer said in a statement.
Prime Capital Financial has 70 locations in the U.S., with advisors overseeing assets of over $30 billion, according to its most recent Form ADV. It has a minority investment from private equity firm Abry Partners.
Real Estate Firm Subtext Adds Partner and EVP of Capital Markets, Private Wealth
Subtext, a real estate company based in St. Louis, has added Jeremy Lyman as a partner and executive vice president of capital markets and private wealth.
Lyman left rival Cottonwood Residential, where he was senior vice president of Capital Markets, to join Subtext. In the new role, he will work with RIAs, family offices and high-net-worth investors on residential investments.
“His expertise in investor needs and proven track record of structuring offerings that foster long-term alignment and performance will be pivotal to the growth of Subtext’s investment platform,” the firm wrote in the announcement.
At Cottonwood, Lyman developed, launched, and closed 13 investment funds totaling over $900 million in equity since 2014.
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