M&A
Captrust Financial Advisors
The advice firm has acquired South Carolina-based Reynolds Investment Management (RIM) for an undisclosed sum.
Established in 1989, RIM provides wealth management services to individuals and families, business owners, medical professionals, and retirees. The RIM team also offers investment advisory services to retirement plan sponsors, endowments, and foundations.
The firm is led by Tom Reynolds. A total of eight colleagues will be joining Captrust.
This is the 58th deal for the advice firm since 2006.
The Mather Group
The wealth management firm has acquired California-based registered investment adviser (RIA) firm HC Financial Advisors for an undisclosed sum.
HC’s three principals—Stephen Biggs, Andy Byron, and Karla McAvoy—and the entire team joined TMG as part of the transition.
This is TMG’s third acquisition in August.
MAI Capital Management
The RIA firm has bought Cleveland-based Pareto Wealth Management for an undisclosed sum.
Pareto was previously a division of McDonald Partners Wealth Advisory Group in Cleveland.
The entire Pareto team will join MAI, with Kriak and Palko each assuming the role of managing director at MAI.
People moves
First Republic Bank
The private bank and wealth management company has named David Loeb as managing director and wealth manager.
Before joining First Republic, he was a wealth adviser and executive director at JP Morgan Wealth Management.
Seventy2 Capital Wealth Management
Scott McLaughlin has joined the firm as a senior vice president in its Leesburg office.
Over his 40-year career, Scott worked at EY, Johnston, Lemon & Co, Smith Barney, Morgan Stanley, and Tysons Wealth Advisors.
In other news, Seventy2 Capital Wealth Management has joined forces with LII Wealth Management partner Eric Bost and LII Wealth Management senior wealth associate Jodelle Jones to create LII of Seventy2 Capital Wealth Management.
They will be located in the recently established Leesburg office of Seventy2 Capital.
BNY Mellon Wealth Management
The wealth manager has named William Eady as market president in Palm Beach, Florida.
Prior to joining BNY Mellon Wealth Management, he served as senior banker and executive director for JP Morgan’s Private Bank in Palm Beach.
SVB Private
The private banking group has appointed Tom Fickinger as head of wealth advisory west.
He was previously president of the northern California region at BNY Mellon Wealth Management.
UBS Private Wealth Management
Carolin Botzenhardt has joined the firm as a private wealth adviser in the La Jolla branch office.
She was previously at Wells Fargo.
RBC Wealth Management
The wealth manager has hired two financial advisers from Wells Fargo to its newly formed branch in Memphis.
Nathan Hooker and Michael Zachry join as managing directors and financial advisers.
