After a year of robust, strategic growth, NEPC is looking forward to more success ahead with its latest crop of principal and partner appointments.
The OCIO giant's three newest elected three partners and 10 principal promotions – whose functions run the gamut from investment consulting to legal, analytics, compliance and more – will take on their roles on January 1, it said Tuesday.
“This year’s class of partners and principals reflects NEPC's dedication to cultivating exceptional talent and providing best-in-class service to our clients,” Mike Manning, managing partner at NEPC, said in a statement. “In a year defined by milestones, including our recent strategic partnership with Hightower, these promotions highlight our focus on continuity, innovation, and a client-first ethos.”
NEPC's partnership with Hightower, which was announced in October, is expected to enhance Hightower's private wealth offerings with greater access to institutional-level investment research and alternative asset strategies. Together, the two are poised to manage more than $1.8 trillion in assets under advisement and $258 billion in assets under management.
Earlier this month, Hightower struck up another partnership in Colorado by snapping up Dechtman Wealth Management, a Denver-based RIA overseeing $800 million in assets.
The newly named partners at NEPC, all senior consultants at the firm, are Tom Cook, Alison Lonstein, and Matt Maleri.
Meanwhile, its newly appointed principals are:
NEPC said its latest appointments underscore its emphasis on nurturing internal talent while delivering tailored investment solutions to a broad range of institutional and private clients.
"We are confident these leaders will help shape NEPC’s future while maintaining the values that have made us a trusted partner to our clients," Manning added.
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.
