In a telephone interview, Daniel Friedman, president and COO of Pavilion Financial Corp., said J. Keith Mote Jr., a veteran of Mercer's investment consulting business, will lead Pavilion Advisory Group as the firm's managing director.
“We are on track to make Pavilion one of North America's leading employee-owned institutional investment advisory services firms,” Martin Weinberg, Pavilion founder and CEO, said in a company news release Wednesday.
Under the Pavilion Advisory Group umbrella, the legacy operations of Montreal-based Brockhouse & Cooper and Chicago-based Stratford Advisory Group have more than $30 billion in combined assets under advisement.
In addition to investment consulting services, Pavilion is expanding its offerings of implemented solutions, including discretionary consulting, to institutional investors in both U.S. and Canadian markets.
Mr. Friedman said Pavilion will continue to look for opportunities to expand, primarily in the U.S. market. He said the company's goal is to combine the range of institutional advisory services that larger competitors offer with the benefits of a boutique ownership structure in which the relationship managers serving clients are all owners of the firm.