Northern Trust has strengthened its wealth management sales capabilities with two strategic hires.
The $1.2 trillion AUM Northern Trust Asset Management has hired Michael Gottesman, CIMA, CPWA as national sales manager for its wealth management unit while Wesley Urick will head up the unit’s strategic accounts team.
Gottesman was most recently at Invesco where he was senior vice president and sales director for the Central division. His 27 year industry career includes two decades at Oppenheimer Funds in various roles focused on intermediary clients.
Urick has been in the industry for 30 years and was ost recently director of Global Banks and Subadvisory in the Strategic Client Group at Principal Asset Management. Before that he held sales and business development roles at BlackRock as well as roles at Wilshire Associates, Inc., Robert W. Baird & Co., and Morgan Stanley Dean Witter.
The new hires are both located in Chicago and report to NTAM Wealth Client Group co-heads Sunitha Thomas, CFA and Suzanne Casey.
“Michael and Wesley both have tremendous sales expertise and financial acumen. With their leadership, NTAM will drive growth and strengthen relationships, while delivering exceptional client service and innovative investment solutions,” Thomas said.
Northern Trust has been bolstering its leadership across several divisions and the overall firm in the past year including NTAM hiring a former Goldman Sachs Asset Management leader as its global head of product strategy and a newly created chief operating officer role and the pivot of former CFO Jason Tyler to head up wealth management.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
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.
