People Moves: Angeles Wealth Management Hires Growth Chief; Cresset Names Recruiting Head

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$2.6B RIA Angeles Wealth Management Hires Growth Chief

Angeles Wealth Management, a registered investment advisor with about $2.6 billion in assets, has named Jonah Cave as chief growth officer to lead business development.

In the newly created position, Cave will oversee both organic growth strategies for Angeles’ team of 16, as well as recruiting and acquisitions among RIAs working in the high-net-worth and ultra-high-net-worth segments. 

Cave joins from a role as senior managing director and head of partner relations for CH Investment Partners, a Dallas-based multi-family office acquired by Cresset Capital in late 2024. Before that role, he held senior leadership positions in global equity divisions at Bank of America Merrill Lynch and UBS.

Santa Monica-based Angeles Wealth was founded in 2011 and also has offices in New York City and Houston. The firm offers private wealth advice in combination with its institutional OCIO affiliate, Angeles Investment Advisors. 

Cresset Appoints Albert Leshinsky as Head of Corporate Development

Cresset, a Chicago-based multi-family office and wealth manager owned by its employees and clients, has hired Albert Leshinsky as managing director and head of corporate development to lead its national recruiting efforts. 

Leshinsky joins Cresset after a brief stint in advisor recruiting for Clearstead. Before that, he had been the head of advisor recruiting J.P. Morgan Advisors, according to his LinkedIn. 

Leshinsky will be based in New York to focus on integrating new advisory teams and “leveraging his background in helping advisors transition to independence,” according to the announcement.

In August, Cresset announced that it was merging with Monticello Associates, a $124 billion institutional consulting firm, adding to its current client assets of $78 billion as of Nov. 1. The deal is expected to close at the end of 2025.

Bogart Wealth Hires Chief Operating Officer

 

Bogart Wealth, a $3.2 billion RIA backed by Constellation Wealth Capital, hired Allen Eickelberg to take the role of chief operating officer for the McLean, Va.-based firm. The addition adds to a series of senior leadership hires this year, including a new president, a new head of business development and a new controller.

Eickelberg will oversee all firm operations, including technology and client experience. He had previously held operational leadership roles at real estate firm Redbrick LDM and Spire Investment Partners.

With Eickelberg’s hire, Bogart’s Michelle Dubay moves from chief operating officer to chief administrative officer, overseeing compliance, human resources and finance.

“Bogart Wealth has entered a new stage of organizational maturity,” James Bogart, founder and CEO of Bogart, said in a statement. 

Bogart has grown to its current size since its founding in 2016 solely through organic growth. The RIA plans to extend equity ownership to all its employees by the end of 2025. 

Manulife John Hancock Hires New Retirement Product Head

Manulife John Hancock Retirement, the U.S. retirement division of Manulife Wealth & Asset Management, has hired a head of product from rival Empower.

Anne Thibeault will now spearhead product and strategy development for retirement and benefits offerings for employers, financial advisors and plan participants.

She joins from Empower, the U.S.’s second-largest retirement plan provider and wealth manager, where she was most recently the head of its advisory group and previously led product delivery. 

The John Hancock division, which is based in Boston, manages approximately 57,000 retirement plans for over 3.3 million participants and more than $131 billion in client assets.