Advisory M&A News – 4/22/24

Shore to Shore Private Wealth Joins Janney

Janney Montgomery Scott LLC, a wealth management, capital markets and asset management firm, announced the addition of Shore to Shore Private Wealth in Lewes, Delaware. 

“The Shore to Shore Private Wealth team has an outstanding reputation for client service and comprehensive financial advice,” Vince Crognale, senior vice president and complex director at Janney, said in a statement. “They are a great addition to Janney as we expand our presence in the region, and we look forward to helping them grow their practice.” 

The Shore to Shore team is led Michael Koppenhaver, executive vice president/wealth management. He is joined by Account Executive Susan Damask, Senior Registered Client Relationship Associate Amy Gibson and Private Client Associate April E. Smith. The team was previously associated with Merrill Lynch.

“We’re proud the Shore to Shore Private Wealth team chose Janney. We’re confident Janney’s independent-minded culture and award-winning capabilities and support will enable the team to exceed client expectations, while fostering a better, more rewarding practice built around them and their needs,” said Bob Steinke, mid-Atlantic regional director. 

Ritholtz Wealth Management Expands National Presence With Los Angeles Office

Ritholtz Wealth Management, a national RIA overseeing more than $4 billion in assets for high-net-worth clients and institutions, announced the opening of an office in the Manhattan Beach neighborhood of Los Angeles, California. This follows the recent opening of the firm’s Charlotte, North Carolina office.

Leading RWM’s new Los Angeles office is senior adviser Michelle Katzen, who has 15 years of financial services experience. She previously worked at Toyota Financial Services, Union Bank and UBS. Notably, at Toyota Financial Services, she was part of the team that issued the auto industry’s first-ever asset-backed green bond in 2014.

“I am thrilled to lead our efforts in Los Angeles, leveraging RWM’s tax, insurance, and estate planning experts to offer clients financial guidance that’s personalized to their unique needs,” Katzen said in a statement.

Katzen is joined by Jordan D. Hanson, who has more than eight years of experience as a financial adviser. He will help grow the Los Angeles market. The RWM team will be celebrating the opening of the Manhattan Beach office on April 29-30.

Citizens Adds San Francisco Wealth Team With $5B Client Assets

Citizens has added a 12-person team of wealth managers with expertise in managing ultra-high-net-worth individuals to accelerate the expansion of its wealth management capabilities in San Francisco’s Bay Area. 

The team is led by industry veterans Rick Gordon and Hugh Beecher, senior managing directors, as well as Andrew Curto, managing director. They previously managed more than $5 billion in client assets. Gordon, Beecher and Curto were named by Forbes as Best-in-State Wealth Advisors in 2024.

With 60 years of combined wealth management experience, the new advisers will provide UHNW clients with personalized advice and strategies.