People moves
Envestnet
Dana D’Auria has become the financial advice technology provider’s co-chief investment officer.
She joins from investment advisory firm Symmetry Partners where she worked for 14 years, most recently as managing director.
Raymond James
Patrick Fulton joined Raymond James’ advisory channel.
He was previously at Edward Jones, where he managed around $275m (£213m, €234m) in client assets.
Fulton joins the team operating as Salt Creek Wealth Advisors.
Principal Financial Group
The chief executive and president of Principal Global Investors, Pat Halter, has been promoted to president of Principal Global Asset Management.
He succeeds Tim Dunbar, who is to retire at the end of the year, after 34 years with the company.
Halter will be responsible for strategy across the total company’s $701.8bn of assets under management in its global asset management businesses; which include Principal Global Investors, Principal International investment operations, and the company’s general account.
He will continue as chief executive for Principal Global Investors.
Kamal Bhatia, president of Principal Funds, has been promoted to take over Halter’s role as chief operating officer for Principal Global Investors.
They will assume their new roles on 7 November to ensure a smooth handover.
BNY Mellon Wealth Management
The firm’s wealth management arm recruited Matthew Santangelo as New England regional head of client strategy and business development.
He will lead sales and growth across the area.
Santangelo worked at Northern Trust as a senior wealth strategist from 2011.
Mazars USA
The American business of the advisory, accounting, tax and consultancy firm made five promotions.
Alisha Jernack, Adam Liebman, Gina Omolon, Marine Rollinger, and Ryan Vaughan have been named partners.
Strategic news
CI Financial
Global asset and wealth management consolidator CI Financial has expanded its strategic alliance with fintech solutions provider D1g1t.
The two Canadian firms have agreed that:
- CI subsidiary Assante will give its advisers access to D1g1t’s proprietary trading model;
- CI’s clients and advisers are able to use the technology provider’s wealth platform; and,
- All the US-based registered investment advisory (RIA) firms acquired by CI will have access to D1g1t’s solutions.
