Oxford, Fiduciary, BMO Add Wealth Managing Directors

Three firms focused on ultra-high-net-worth clients have appointed industry veterans to lead key regional offices.

Updated on Nov. 6, 2026 in People

Photograph of a plain mid-rise office tower with pale stone and bronze glass under a clear evening sky, suggesting an established financial district office. — Oxford Financial Group, Fiduciary Trust International and BMO each named new managing directors this year to lead regional wealth teams. AI Illustration. Upload story photo >

Oxford Financial Group, Fiduciary Trust International, and BMO have each appointed experienced wealth professionals as managing directors in key regions. Oxford reported more than $38 billion in assets under advisement as of Dec. 31, 2024.

Why it matters

The moves reflect continued competition among wealth managers for advisors and leaders serving ultra-high-net-worth families. Each appointment places experienced leaders in markets where these firms are building or expanding their client teams.

Oxford reported more than $38 billion in assets under advisement as of Dec. 31, 2024. Grady will lead 12 advisors and private bankers serving high-net-worth and ultra-high-net-worth clients in Milwaukee.

The players

Oxford Financial Group

A wealth management firm reporting more than $38 billion in assets under advisement, which coordinates investment management with estate planning, tax strategy, and insurance oversight for families.

Fiduciary Trust International

A wealth management firm owned by Franklin Templeton that serves high-net-worth and ultra-high-net-worth clients.

BMO

The Bank of Montreal's wealth division, which is building out its high-net-worth advisory teams in U.S. markets.

The details

Oxford appointed Neal Davis and Ashlee Walton as managing directors at its Cincinnati office in June. Fiduciary Trust, owned by Franklin Templeton, added Drew Chan to its Los Angeles office, while BMO named Grady to lead its Milwaukee team, succeeding Alex Kramer, who became head of sales enablement.

June: Oxford appointed Neal Davis and Ashlee Walton in Cincinnati.
October 2026: Drew Chan joined the Fiduciary Trust Los Angeles office.
Earlier this year: BMO tapped a Northern Trust alumnus to lead its San Diego market.

Market Landscape

Large banks and trust firms are competing to hire senior wealth leaders who can bring established client books into new regional offices. The appointments show that firms are investing in local leadership to win ultra-high-net-worth families in markets from Cincinnati to San Diego.

Affluent clients working with these firms may see new regional leadership guiding their investment, estate, and tax planning. The moves signal where firms are focusing their advisory coverage for high-net-worth households.

The takeaway

Wealth firms are competing for experienced leaders who can anchor client relationships in local markets. For high-net-worth households, the quality of regional advisory teams is worth reviewing when choosing a wealth manager.