Robert J. Dow was named executive director at Graystone Consulting, a unit of Morgan Stanley Smith Barney, confirmed spokeswoman Christine Pollak.
It is a new position. Mr. Dow reports to Phil C. Shaffer, managing director, who leads a team serving foundations, endowments and non-profit organizations.
Mr. Dow joined the firm on March 9. He was previously managing director, foundation and institutional advisory services at Northern Trust.
A phone call to Northern Trust spokesman John O'Connell was not returned by press time.