Easterly Asset Management has hired a new senior vice president of sales for the Northeast region to drive relationships with RIAs, financial advisors, family offices, and high-net-worth individuals.
With 30 years of investment and capital markets industry experience, Paul Citarell will spearhead growth of the firm’s mutual funds and private markets offerings to clients in the region.
“Paul’s deep expertise and established track record in building client relationships will be a valuable asset to our team, expanding access to our diverse portfolio of curated investment solutions that make portfolios better,” said Darrell Crate, founder and managing principal at Easterly Asset Management. “We’re excited to have him join our team as we continue to expand our distribution network to financial advisors and RIAs throughout the Northeast.”
Citarell has sales and distribution expertise gained through his tenures at some of the world’s largest investment managers and joins from John Hancock Investment Management where he was SVP of sales. His career also includes VP of sales at Nuveen and Fisher Investments and he holds a Certified Investment Management Analyst designation.
He will report to Phil Juliano, Jr., who joined the firm from BlackRock iShares as head of sales last year.
"Easterly is unique in that we provide investors with a carefully curated set of solutions that are often complementary to existing portfolios and designed to grow and protect wealth under a variety of market conditions,” said Juliano. "Paul coming on board will help us to both meet and extend the growing demand from RIAs and financial advisors for our solutions across public and private markets.”
As well as Juliano and Citarell, the firm’s leadership hires over the past year also includes Genna Brounstein and Jennifer Cahill in the newly created roles of senior vice presidents of Private Market Sales.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.