Little Rock, Arkansas-based RIA Sowell Management named former AssetMark Institutional Sales and Consulting Director Vincent Gimarelli as its first Chief Development Officer, reporting to Daryl Seaton, the firm’s newly appointed CEO.
According to a news release, Gimarelli will lead Sowell’s growth strategy in the areas of business development, organic advisor recruiting, investment management growth and distribution and strategic relationships. He is also tasked to help advance the firm’s M&A initiatives and expand its enhanced growth partnerships.
“Vince’s more than three decades of experience will be an invaluable asset to Sowell as we embark on the next phase of our growth,” said Seaton. “He knows the RIA space exceptionally well and brings a rare combination of strategic insight, relationship leadership, and true advisor advocacy. We will leverage that expertise as we continue to drive scalable growth, strengthen enterprise partnerships, and align development efforts with our long-term vision and advisor-first philosophy.”
Gimarelli has more than 30 years of experience in wealth management. Prior to AssetMark, he held executive roles at firms including Hemispheres Consulting, Mercer Advisors, Freestone Capital Management and Charles Schwab.
“I have always had the highest regard for the Sowell Management leadership team and the firm’s deeply ingrained culture and strategic vision,” said Gimarelli. “I believe my experience and perspective will allow me to work across the firm to ensure our business development efforts, organic growth initiatives, and strategic M&A plans are aligned, intentional, and focused on delivering meaningful, long-term value as our industry continues to evolve.”
As of September, the firm had over $6 billion in assets under management and administration.
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