Alvarez & Marsal, a New York-headquartered administration consulting agency relationship again to 1983, has launched a registered funding advisor.
A&M Personal Wealth Companions will present household workplace providers to ultra-high-net-worth households with greater than $100 million in investable belongings. The agency at the moment has about $103 million in discretionary belongings, in accordance with its newest Kind ADV.
“The RIA market is saturated, but many corporations stay sales-oriented and lack the excellent sources essential to satisfy the intricate wants of the wealthiest households. We acknowledge that for ultra-high-net-worth clientele, their wants are as advanced as the companies we work with at the moment,” mentioned Tony Alvarez II, co-CEO of A&M.
The agency has employed a number of executives to guide the wealth administration agency. The founding companions embrace Peter Sacripanti, a former chairman of the McDermott Will & Emery regulation agency, who will function chairman of the RIA; Jonathan Fitzgerald, former head of home wealth planning for North America at Citi Personal Financial institution, who will head the wealth planning division; and Michael Calkin, a former director at Deutsche Financial institution and Citi Personal Financial institution, who will function follow lead.
Michael Murgio, the previous chief funding officer at Greenway Wealth Administration, has joined as CIO. Different new executives embrace John Ralls, former regional head of enterprise improvement at Constancy Household Workplace Providers, who will lead enterprise improvement; Takuya (Taki) Kisaka, former world head of fastened earnings for Citi Funding Administration, who will lead the fastened earnings crew; and Joseph Berardino, former CEO of Andersen Worldwide and managing director at Alvarez & Marsal, who will function senior advisor to the RIA.
The crew has one other 13 wealth professionals, along with these seven companions, and they’re going to function out of West Palm Seaside, Fla., in addition to workplaces in New York, Atlanta and Los Angeles.
The agency will use Constancy and Schwab for custody; purchasers may even have entry to digital belongings by way of Constancy Digital Asset Providers, in accordance with an ADV submitting.
