New York-based asset management firm Northern Star Capital has acquired Capital Guardian Holdings (CGH) and appointed Richard Moran as president & chief operating officer.
Capital Guardian is a diversified, hybrid broker-dealer, RIA, and wealth management firm with corporate offices in New York, Palm Beach, Miami and Charlotte.
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The firm has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients.
Northern Star has been providing asset and wealth management services for international families and institutions for years, with experience in Europe, North and South America.
Northern Star managing partner and co-founder Patrick R. LeBedis said, "CGH is a leader in the Independent Securities Brokerage business and possesses excellent global clearing and custody capabilities due to their relationship with Pershing, a Bank of New York/Mellon subsidiary. The marriage of global asset management with international retail distribution services and support is a core component of Northern Star’s strategy."
Moran has more than two decades of senior executive leadership expertise with prior experience at notable firms Symetra Financial, UBS, and Bear Stearns. Additional announcements of key Management Team members will follow.
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