Wealth management firm opens Midwest operations
ST. LOUIS – North American Management Corp., an independently owned and operated wealth management firm, has hired Mark J. Reed and O. Sage Wightman, III.
Reed, a lifelong St. Louis resident and veteran asset manager, was chosen by the Boston-based firm to open a St. Louis location and expand the firm’s investment management and family office services to the Midwest market. He brings more than 25 years of investment management experience to North American Management, and was most recently a managing director of Bush O’Donnell Investment Advisors where he managed equity portfolios for individuals and institutions. Wightman will be responsible for business development, and brings a long career in financial services and asset management to the firm.
The opening of North American Management’s St. Louis office in Clayton is the firm’s first office outside of Boston since its founding in 1928. “St. Louis represents an ideal location to bring the breadth and depth of our resources to the Midwest,” said Robert G. Scott, CEO of North American Management. “Opening our first location outside of Boston was a strategic objective made possible by the addition of Mark and Sage to our team. Their significant money management experience, established relationships and involvement in the St. Louis community are valuable assets to our firm and client base.”
“The St. Louis market is underserved by independent wealth management and family office advisors who bring a personalized approach to each client’s financial goals,” said Mark Reed. “North American is the right size for St. Louis and the Midwest region: large enough to bring best-in class advice across a multi-dimensional spectrum of asset classes, but small enough to provide portfolio customization and personalized client service.”
North American Management currently has 31 employees with clients in 35 states with approximately $1.4 billion of assets under management. The firm operates an open-architecture model, managing assets both internally and through the use of complimentary outside managers.
