Private Ocean, a US-based wealth management firm has expanded its equity ownership to four of its leaders.
The new equity owners include Justin Hult, director of investment operations and chief compliance officer, as well as advisors Sarah Wotherspoon, Alex Gangl and Charles Pyfer.
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The expansion will facilitate internal succession and provide stability and continuity to clients is a primary goal of Private Ocean.
The four new members will join Frank Jones, investment chair, and Susan Dickson, chief operating officer, alongside Theo Gallier, CIO, and founding owners Richard Stone and Gregory Friedman.
Dickson said: "It’s important to us that our clients and their families receive the same service excellence delivered to them now in perpetuity. Internal succession ensures that employees who were fostered in our culture over many years continue to embody the same mission and passion for excellence on which our company was founded."
Private Ocean is a 23-person wealth management firm, specializing in personal financial planning and investing.
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