After a year marked by several notable acquisitions, Boston-based RIA CW Advisors is continuing to expand its leadership and capabilities with a new C-suite hire.
The RIA announced Tuesday morning that it has appointed Jennifer DeSisto as its new chief investment officer, bringing over 25 years of experience in managing a range of investment portfolios.
DeSisto's extensive career includes roles as CIO at Anchor Capital Advisors, where she managed multi-asset and discretionary portfolios, and as head of research at Fiduciary Trust Company. She also held a portfolio management position focused on global equity markets at Batterymarch Financial Management.
“We believe Jen is the ideal candidate to lead our investment team, with over 25 years of investment experience,” Paul Lonergan, chief executive officer of CW Advisors, said in a statement. “We’re thrilled to work with her and think she will be instrumental in structuring our investment platform as we continue to execute our growth plan and enhance our investment operations.”
DeSisto will focus on guiding the investment strategy while expanding the firm's infrastructure.
This comes as CW Advisors solidifies its position in the market following four acquisitions in the past year, including its August acquisition of $1.2 billion fee-only RIA Agili, picking up Mercadien Asset Management in July, and another July deal for Cubic Asset Management, have added over $3 billion in assets under management.
The firm boasting $10 billion in AUM across 11 office locations, is supported by a partnership with Audax Private Equity, which manages approximately $19 billion in assets as of June 2024, that it entered into last year.
"I am excited to join CW Advisors. Our focus will be on continuing to try to provide our clients with exceptional investment and wealth management services, while also offering expanded opportunities to help them achieve their financial goals," DeSisto said.
Trevor Uhls was charged with wire fraud and money laundering in a criminal complaint filed in U.S. District Court for the Western District of Missouri.
The multigenerational Cedar Rapids firm is joining through a key OSJ as recruiting competition heats up across the wealth space.
New Treasury guidance sets fee caps, defines index-tracking rules, and bars ESG-linked funds from the tax-deferred accounts for minors
Yari Capital's move to Carson continues a run of additions for the $62 billion firm, days after it hired a veteran recruiter from Osaic.
Servo Wealth Management's $210 million book brings the Minneapolis consolidator's total client assets further past $160 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
