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.
What will financial advice look like 20 years from now? Evan Vladem explores how AI may transform wealth management while reinforcing the enduring value of human guidance, trust, and empathy.
The Boston deal is set to push the PE-backed consolidator past $187 billion amid a broad RIA M&A slowdown and a potential shift in its ownership.
Advisors with clients who own second homes in New York City face fresh uncertainty as the city seeks a stay and plans an appeal.
Meanwhile, a deal in the Midwest gives NorthRock Partners a new office in Wisconsin, while two teams join OnePoint BFG in Georgia and Atlanta.
These challenges are “changing the economics we see retirement savers face,” said Christopher Ceder of Goldman Sachs Asset Management
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
