Price is right for Mesirow as firm names him wealth CEO

Price is right for Mesirow as firm names him wealth CEO
After more than a year as its interim head, Brian Price is officially taking charge of the Chicago-based independent’s wealth division.
MAR 06, 2024

There’s change afoot at employee-owned independent Mesirow as the financial services company names a new leader. Mesirow announced that it has promoted Brian D. Price to CEO of its wealth management division.

Price is being elevated to the role after more than a year serving as interim head of wealth management. Since November 2022, he’s steered the business through significant organic and inorganic growth, which include a number of strategic acquisitions and key personnel additions.

“Over the past year, under Brian’s leadership, our offering to clients has expanded through new capabilities and the acquisition of Front Barnett,” Mesirow CEO Natalie Brown said in a statement.

That deal, announced in September, saw more than $1 billion in assets come in through Mesirow’s door as it welcomed the Chicago-based ultra-high-net-worth practice led by Marshall B. Front, Mickey MacMillan and Peter Wahlstrom.

Shortly after that came the news that Mesirow’s corporate retirement plan team, which oversees around $13 billion in assets under advisement and management across more than 350 retirement plans, was being acquired by Creative Planning.

With his appointment to the chief executive position, Price is set to further the growth of the firm's private wealth business – which has more than $10 billion in assets under management and administration as of December 31 – as he oversees its strategy, expansion, and positioning in the market.

Over the course of his nearly two-decade history with Mesirow, starting in 2006, Price has held a number of leadership positions at the firm including president and chief operating officer of investment banking, and head of advisory services.

“I am honored to assume this new role and build on our rich history of serving clients across generations,” Price said.

Small-caps set to benefit from a broadening market, says Royce co-CIO

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.