Lebenthal Wealth Advisors (Lebenthal), a private division of Lebenthal Holdings has announced that the Gallaway Stern Group has joined the firm.
The Gallaway Stern Group’s principals, Carrie S. Gallaway, CFP, and Andrew L. Stern, who possess more than 32 years of combined experience in wealth management, join Lebenthal as Managing Directors.
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Ms. Gallaway, Mr. Stern and their team manage approximately US$1.2 billion in high-net-worth individuals and families’ assets. Ms. Gallaway focuses on creating customized investment strategies that include asset allocation and portfolio construction and that are conceived to help clients define and achieve their long-term goals.
Mr. Stern specializes in investment management and in providing guidance on asset allocation, portfolio construction, planning strategies and wealth transfer. Together, they are jointly responsible for their team’s asset management efforts, including the research, selection and oversight of third-party portfolio management firms.
Alexandra Lebenthal, CEO and president, Lebenthal Holdings, said: "It is with great pleasure that we welcome the Gallaway Stern Group to our family."
Frank Campanale, chairman and CEO, Lebenthal Wealth Advisors, said: "Throughout their career, Carrie and Andy have won respect and recognition from their clients and the financial community for the high quality of their work, integrity and client centric philosophy. They come to Lebenthal to become part of a culture that empowers them to deliver the best client service, unconflicted advice and act as true fiduciaries. Carrie and Andy joining Lebenthal provide an incontrovertible testimonial to the fact that dynamic and astute advisory teams have an appreciation for the boutique approach being offered at our firm."
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By GlobalDataAndy Grillo, president and COO, Lebenthal Wealth Advisors, said: "Lebenthal offers a fully open financial services architecture that provides cutting-edge technology, proven solutions, and the powerful support of our ninety year old highly respected and well recognized brand. In addition, advisors benefit from a mutually respectful, entrepreneurial and client-driven business culture. Teams like the Gallaway Stern Group are the cornerstone of Lebenthal’s growth, as we actively continue to expand and attract the most talented advisor partners from across the nation."
Ms. Gallaway and Mr. Stern were at Morgan Stanley for 15 and 17 years, respectively. In addition, the team joining Lebenthal includes Jimmy E. Janeczek, Leigh T. Moglia, and Alexander P. Tuason, as Vice Presidents Wealth Management.
Carrie Gallaway said: "The ultimate beneficiaries of our decision to join Lebenthal are our clients. One of the key motivators for our move was to find an organization that would truly help us provide the best unconflicted service to our clients. The ability to chose among a number of custodians and providers offered by Lebenthal, empowers us to present to our clients the choice and competitive pricing they deserve and expect from us."
Andrew Stern said: "Joining Lebenthal represents an evolution of our practice and of our business. Carrie and I were seeking to partner with an organization that would enable us to be totally independent fiduciaries. Lebenthal offered not only the backing of a powerful and well respected brand, but advanced technology and institutional level portfolio and risk analysis tools that will enable us to monitor and adjust in real-time our clients’ portfolios."
