The personal wealth arm of alts agency StepStone is hiring former Personal Advisor Group Chief Advertising Officer Berta Aldrich as its managing director and world head of promoting.
Moreover, David Robbins is approaching board because the director of enterprise RIA relationship administration. Each Aldrich and Robbins joined StepStone Personal Wealth earlier this month, and CEO Bob Lengthy stated they had been excited to deliver on executives who knew tips on how to develop asset administration endeavors “the precise approach.”
“With our platform now managing over $5 billion for particular person buyers and small establishments, Berta and David will play crucial roles in our continued enlargement and world model recognition,” he stated.
Aldrich joined Personal Advisor Group, the Morristown, N.J.-based RIA and LPL-affiliated workplace of supervisory jurisdiction (and the agency’s greatest department workplace), in 2019 as managing director and CMO, succeeding earlier CMO Abby Salameh, who had left to affix Hightower. Earlier than that, Aldrich was a CMO at FS Investments and was with Vanguard for 11 years, based on LinkedIn.
Aldrich stepped down from the PAG function to prioritize consulting and talking alternatives and ran her personal consulting agency for a number of years earlier than opting to affix StepStone. Her function at StepStone is newly created, and she or he’ll be answerable for worldwide advertising of the StepStone Personal Wealth model.
Robbins will head the schooling, onboarding and servicing of RIA corporations on StepStone’s platform. Earlier than his new function, he was a senior vp and nationwide gross sales supervisor at Neuberger Berman, working with RIAs and household places of work. He labored on distributing the agency’s personal fairness, personal credit score, SMA, ETF, direct indexing and mutual fund merchandise.
StepStone Personal Wealth is a subsidiary of Stepstone Group, a world personal markets funding agency based in 2006 by Monte Brem and Thomas Keck. SPW began in 2019 and launched its first registered closed-end evergreen fund in 2020, permitting accredited buyers entry to personal fairness, belongings and personal debt.
The agency now provides enterprise capital, progress fairness, infrastructure and personal credit score alternatives through different funds. Earlier this month, SPW introduced it had surpassed $5 billion in AUM.
StepStone is answerable for about $701 billion in complete capital, together with $170 million in managed belongings, with purchasers together with private and non-private outlined profit and outlined contribution pension funds, sovereign wealth funds, endowments, foundations and high-net-worth and mass prosperous personal purchasers.