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Collaborative Capital Advisors, a $382 million multi-family office based in New York, has hired former Wealthspire Chief Investment Officer Michael Moriarty to take the same position at its firm.
In the new role, Moriarty will lead investment activities, hiring and the buildout of the firm’s investment platform, according to the announcement. He’ll also be joining a firm with which he has had a decades-long relationship. He and Co-Chief Executive Officer Nathan Romano first overlapped at Bear Stearns, according to their LinkedIn pages.
“Michael and I have known each other since 2002 and have worked closely together in the past,” Romano said in a statement. “Our recent conversations made apparent what we could achieve together. We will leverage our shared expertise and extensive networks to provide our clients with a more sophisticated investment perspective and solutions that meet their complex financial needs.”
Moriarty’s landing spot comes after Wealthspire announced its new organization and leadership structure following its September acquisition by private equity firm—and former owner—Madison Dearborn Partners.
In December, the new RIA, which included four other wealth and retirement firms previously owned by Aon, named Fiducient Advisors’ Brad Long as CIO of Wealthspire. A Wealthspire spokesperson confirmed that Moriarty would be departing at that time; the news of his departure was first reported by Citywire.
Moriarty had been part of Wealthspire’s early days, joining in 2017 through one of its seed firms, Sontag Advisors. With the acquisition, Madison Dearborn has consolidated its wealth divisions under the Wealthspire brand, with CEO Mike LaMena running the firm as a single unit that will continue to be an active acquirer.
Moriarty will now steer investment strategy at Collaborative Capital, which focuses on ultra-high-net-worth families and individuals with investable assets of $25 million to $1 billion. The firm had $382 million in AUM as of its most recent Form ADV.
“His proven track record of helping build and scale some of the world’s premier financial institutions strengthens our ability to deliver differentiated, bespoke investment solutions for our clients across a broad range of disciplines,” Jonathan Bergman, the firm’s other co-CEO, said in a statement.
Moriarty had also been head of the investment platform at Dynasty Financial Partners, chief operating officer of Surveyor Capital, a Citadel business, and a managing director and head of the Americas hedge fund derivatives business at J. P. Morgan.
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