Private Asset Management

Geller’s McLaughlin Plans Growth Strat For MFO 12/16/2009

Industry veteran Jamie McLaughlin made waves leaving Convergent Wealth Advisors to join Geller Family Office this fall. In the newly-created position, McLaughlin is now responsible for growing the business, working to build connections via intermediaries and the firm’s senior staff. The New York-based firm serves ultra-high-net-worth families exclusively and currently has $3.5 billion in assets under advisement. McLaughlin recently spoke with PAM Managing Editor Kristen Oliveri about his plans. PAM: What are your priorities in your new role? McLaughlin: I’m looking to hire both a coo and cio and complete a strategy and business plan. As a consequence of that planning process, we’ll build an enhanced investment platform by adding risk management, an active long-only manager selection, an alternatives capability primarily for risk management and improved risk adjusted return and a portfolio construction methodology capable of handling tactical calls and tax management more efficiently. PAM: What are the types of clients Geller is targeting? McLaughlin: We’re targeting the high-end of the UHNW segment, $50 million plus, and the “superwealthy,” those with $100 million plus with organized single-family offices that ...

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