Theodore L. Disabato formed Disabato Advisers, a new investment consultant. He had been CIO of both Stratford Advisory Group and its affiliate Wamberg Asset Management. Stratford clients representing a combined $7 billion moved to his new firm, he said. He declined to specify the number of clients or identify them. Thomas H. Dodd, Stratford president, estimated the clients moving at $5 billion. Mr. Disabato said he wanted to return exclusively to consulting; his previous duties included managing a hedge fund at Wamberg.
Margaret L. Largay and Russell C. Paoletti also joined Disabato Advisers as managing directors and principals. Ms. Largay was vice president-retirement plan services at MB Financial Bank, and Mr. Paoletti was vice president at Prudential Retirement Plan Services. Brian Wildman, senior vice president, MB Financial, couldnt be reached for comment. Dawn Kelly, Prudential spokeswoman, didnt respond to a request for comment by press time.
Susan N. McDermott, who is Stratford senior vice president and director of research, replaced Mr. Disabato as Stratford CIO, Mr. Dodd said. Mr. Dodd replaced Mr. Disabato as CIO of Wamberg Asset Management, but said he would still devote most of his time to Stratford. Tom Wamberg, CEO of Wamberg Asset Management, couldnt be reached for comment. Clark & Wamberg owns Stratford and Wamberg Asset Management.