Genworth Financial Wealth Manage-ment appointed Cameron Miller as chief financial officer. Miller was previously a principal of Los Angeles-based Lovell Minnick Partners LLC, a private equity firm that focuses on the financial services industry.
Silver Bridge Advisors appointed Allison L. Taff as director of family office services. Taff previously served as the senior director of business development and marketing for Fidelity Family Office Services.
Politzer joined Spectrem Group as managing director and president of
Spectrem Consulting. Politzer was previously president and CEO of First
Ameritas Life Insurance Corp. of New York and CEO of Ameritas Direct.
Pitcairn multifamily office appointed Harold F. "Rick" Pitcairn II as chief investment officer. He was previously managing director of investment strategy.
Ogier, a provider of offshore legal and fiduciary services, appointed Ian Cain as director and head of Ogier Private Wealth.
Upchurch Watson White & Max announced that Gerry Le Van, an expert in family dynamics and dispute resolution, will chair the firm's new Family Business and Wealth Mediation Practice Group.
Schwab Sees More Family Offices
Despite hard times, more advisors appear to be looking to transition into family office services that cater to wealthier clients, according to a Charles Schwab official.
Janelle Sallenave, who heads Schwab Institutional's family office services business, says the trend is rooted in the explosion of wealth that occurred before last year's market collapse.
"If you look at where the wealth has moved the last five to ten years, you've had huge liquidity events and advisors all of a sudden having clients selling businesses or retiring and cashing out," she says.
The wealthier clients get, she notes, the more services they want from their advisors-leading to more demand for family office services.
"The more wealthy the advisors' clients, the less they want to deal with their money," Sallenave says. "Advisors really need to be the control tower."