Goldman Private Wealth Names Atlanta Manager, Alex. Brown Hires Atlanta Advisor
Goldman Sachs is elevating Brittany Boals Moeller, a former chief of staff in its private wealth management group, to run its Atlanta office.
Moeller, an adviser at the Georgia branch since mid-2011, will assume her role as “region head” on January 1, 2019, “pending regulatory approvals,” according to an internal announcement on Friday that was reviewed by AdvisorHub.
She will replace Steven Nowak, who sources is leaving to “pursue other opportunities” after running the Georgia office since 2007.
Moeller joined Goldman as a financial analyst in the Atlanta office in June 2007, according to her LinkedIn profile, and quickly raised her profile within Goldman’s small group of private wealth managers.
“[I]n 2008 [she] was selected to work with both the Americas head of PWM and the Americas COO of PWM in New York, helping to implement strategic initiatives across our PWM and Ayco businesses,” according to the memo on her promotion that was signed by global private wealth head Tucker York, Americas head John Mallory and Private Wealth Americas Chief Operating Officer Tom Brasco. She served as chief of staff in York’s office, according to her LinkedIn profile.
Goldman, which plans to grow its force of some 500 brokers by about 30% by 2020 and operates wealth branches in 13 U.S. cities, in July named advisor Katherine “Katie” Hyde as region head of its San Francisco office. She replaced Joseph Camarda, who returned to being a producer in the Bay area.
Goldman has historically kept a tight rein on its wealth advisors through a mix of strong banking products they can offer the wealthy and garden-leave policies prohibiting those who resign from working for at least three months at rival firms. But in the past two years several large teams have joined Morgan Stanley, First Republic, J.P. Morgan Securities, and set up as independent wealth advisers in San Francisco, Chicago and other cities.
Separately in Atlanta, the Alex. Brown unit of Raymond James Financial hired John-Peter “J.P.” Curcio on Wednesday, who said he had been managing around $175 million of customer assets and producing around $1 million at Sanford C. Bernstein & Co.
Curcio made a career shift in 2016 to private wealth after working for almost 20 years in institutional sales and trading at Sandler, O’Neill & Partners and—at the start of his career—at Goldman. He said he has known Alex. Brown’s new Atlanta manager, Eric Busko, since the two worked in the late 1990s at Goldman.
Curcio said he considered three other firms before settling on the high-net-worth unit of Raymond James. “The platform is incredibly powerful, and allows us to solve problems on both sides of the balance sheet,” he said, referring both to investing clients’ assets and helping them borrow from the Florida-based Raymond James Bank.
Raymond James markets itself as an advisor-centric culture where brokers have more autonomy running client books and less competition from trust and business bankers than they would at competitors owned by larger banks.