Park Avenue Capital announced a new president and chief operating officer Monday morning.
Effective Jan. 1, Dan McCoy will focus on operations, employment development, strategy, and execution at the firm, which is part of Northwestern Mutual’s exclusive Private Client Group, an elite team of advisors and firms focusing on the needs of high-net-worth clients.
“I am truly impressed by the firm's dedication to delivering the highest level of service and its commitment to driving success for our clients,” McCoy said. “I look forward to working alongside the exceptional team at Park Avenue Capital in furthering our mission while maintaining our position as a trusted leader in the financial industry."
Park Avenue Capital manages more than $2.1 billion in client assets through offices in New York, New Jersey, and Connecticut and was formed last year from the merger of legacy firm Park Avenue Capital Planning and Strongpoint Wealth Advisors. Both were already Northwestern Mutual affiliates.
McCoy will report to Park Avenue Capital’s Partner and CEO, Peter Tiboris.
“With extensive experience in the financial industry, McCoy brings strong leadership, strategic vision, and a client-centric philosophy which will be hugely beneficial to our organization as we sensibly scale,” Tiboris said. “He also brings significant operational experience that will prove valuable as we grow through organic and inorganic channels.”
He added that the appointment will enhance the firm’s ability to attract top talent and serve clients’ financial security needs.
"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
Taking a systematic approach to three key practice areas can help advisors gain confidence, get back time, and increase their opportunities.
Meanwhile, Osaic lures a high-net-worth advisor from Commonwealth in the Pacific Northwest.
The deals, which include its first stake in Ohio, push the national women-led firm up to $47 billion in assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
