FundsSociety - May 31, 2016
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Bolton Global Capital recently announced that Alex Astudillo has joined the firm’s Miami office. Alex held the position of Senior Vice President with Merrill Lynch where he worked for the past 14 years and built a successful international wealth management practice with $173 million in client assets and $1.8 million in annual revenues. “We are proud to have such a distinguished professional affiliate with our organization and look forward to supporting the continued growth of his business.” stated Ray Grenier,CEO of Bolton. Angela Canas will manage client support operations for the team which will be branded under the name Private Wealth Advisors. Angela has been with Merrill Lynch for the past 9 years.
With the acquisition of the Astudillo team, Bolton is continuing to establish its position as a premier destination for top wirehouse teams transitioning to the independent business model. Over the past 3 years, the firm’s Miami office has acquired seven major teams from Merrill Lynch and a half dozen other teams from Morgan Stanley, RBC Wealth Management as well as Citi and HSBC Private Banks.
The Bolton Massachusetts based firm offers teams with $100 million or more in AUM, access to a wealth management platform with all of the capabilities of the major firms for both domestic and international business. Even with robust growth in AUM over the last five years, Bolton is highly selective in accepting new teams. According to Grenier “Quality is our number one criteria for affiliation. The most successful teams in the business generally focus on client satisfaction and on mitigating portfolio exposure to losses. Affiliating with the highest quality professionals is the key to sustainable growth in the wealth management industry.