News, Vision & Voice for the Advisory Community
February 15, 2018 — 1:42 PM UTC by RIABiz
An advisor with almost two decades of experience tending to well-heeled clients and their assets has completed a career round trip from Fifth Avenue to Park Avenue and back again as he joins an UHNW HighTower Advisors firm.
Edward Butler joined RDM Financial Group in December as executive director in its New York office. The firm also has offices in Boca Raton, Fla. and Westport, Conn.
Previously, Butler served as managing director and senior advisor in the Park Avenue office of Greenwich, Conn.-based FieldPoint Private, where he advised on more than $1 billion of assets, according to that firm. See: How WilmerHale is positioning its $3.3B-AUA RIA as outsourcer and owner in a $750-billion market.
Before that, he spent 15 years at Bessemer Trust, a multifamily concern founded in 1907 with offices around the country and with headquarters in Rockefeller Center. See: In the control freak world of family offices, cutting the private equity firm out of the deal has an alluring logic -- and pitfalls
At RDM, Butler will provide service and support to existing clients as well as legal and tax associate relationships throughout all of RDM’s locations.
Ron Weiner founded RDM in 1990. In 2015, with the firm at $700 million of AUM, he signed on with Chicago-based HighTower and established a base in HighTower's Fifth Avenue NYC headquarters. See: In her words: A former Goldman Sachs star gets into the depths of winning UHNW clients, without being in that tax bracket.
The "get" was greeted as something of a coup by HighTower's founder and CEO. "When a highly distinguished independent advisor who has run his own firm for many years decides to become a partner with us, it is a powerful validation of our platform, our brand and our financial strength," Elliot Weissbluth said at the time.
Butler is a graduate of Marist College where he earned a BS in finance and Cornell University where he obtained an MBA. Butler has his FINRA Series 7 and 63 licenses and is a Personal Trust and Tax Level III graduate from the Cannon Financial Institute.
"Ed has a history of providing a completely client-focused, ‘do whatever is right approach,’ which has been a key hallmark of RDM for the past 29 years," says Weiner, now managing director and partner, in a statement. "We take pride in being a nationally recognized firm for delivering a concierge level of service for each and every client."
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