Wilshire
, a US-headquartered global financial services firm, has appointed wealth management figure Chip Castille (pictured below) as product strategy head – a newly-formed role. Castille first joined the firm in 2000 before heading to other roles.
Castille, who took up the post on January 9, reports to Jason Schwarz, deputy CEO and president of Wilshire.
In total, Castille has worked for more than 30 years in the financial services sector. Most recently, he founded GoalBased Investors, a platform connecting retail investors, RIAs and investment managers. Prior to that, he led the defined contribution business at BGI (later acquired by BlackRock). Castille worked at Wilshire as a managing director before being named chief investment officer of Wilshire Funds Management, where he built Wilshire’s multi-asset, multi-manager investment platform.
Wilshire advises on over $1.2 trillion in assets and managed $86 billion in assets as of September 30, 2023.
Bernstein
, the New York-listed group, said yesterday that financial advisor Roberto Vargas has moved his practice from JP Morgan Securities, where he managed over $100 million in client assets.
Vargas chose to join Centennial Financial Services, a financial advisory practice of Ameriprise, within the Ameriprise Financial Institutions Group in Jupiter, Florida.
Centennial Bank’s investment program, Centennial Financial Services, includes a team of 25 advisors who help clients manage over $1.5 billion in combined brokerage assets. Centennial Bank has locations in Arkansas, Florida, South Alabama, Texas, and New York.