WealthManagement Edge

Adrienne Penta started work at the Boston-based SCS this week after spending 15 years at Brown Brothers Harriman.

Cardinal Investment Advisors, an institutional consulting firm, will expand upon Mariner Institutional, a new division seeded last year when the RIA acquired two firms with that focus.

The combination with Harrison Berkman Claypool & Guard and its RIA enhances Coldstream’s existing tax and consulting practice and brings its total AUA to $11.1 billion.

The additions bring Savvy’s total number of advisors to 40 and assets under management to more than $1 billion.

The deal with Executive Wealth Management represents EP’s largest Midwest acquisition to date, bringing its total AUM to over $31 billion.

Hillguard Wealth Management will join Sanctuary Global and work out of the firm’s Miami office. Sanctuary President Vince Fertitta said there was a demand for an alternative to “the way most banks and wirehouses” treat international business.

Far too many advisors attempt to control every aspect of their practice in a vain effort somehow to deliver a better client experience.

Mark Sullivan manages $800 million in client assets and is joining Procyon, while St. Petersburg, Fla.-based advisor Mary Lauritano (managing about $525 million in assets) is joining Raymond James’ employee advisor channel.

Campus’ founders, Bill Milby and Jason Lindner, wanted to transition to an independent model.

The firm has offices in Cedar Rapids and a second location in Las Vegas. The firm’s head said the decision was “our way of ensuring our legacy.”