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William Blair hires $350M team, expands NYC presence

Boutique wealth management firm William Blair recruited three advisers overseeing more than $350 million in client assets, a spokesman said.

The group, which is based in New York, comes from two different firms. Advisers Jill Harvey and Richard Arkwright, along with registered portfolio associate Bernadette Eliassen join William Blair from Fieldpoint Private Advisors. Adviser Linda Sutkin, portfolio investment specialist Alexei Lee, and registered portfolio associate Sonia Survilla left Wall Street Access, a New York-based financial services firm.

Sutkin said in a statement that they switched firms in part for William Blair's "partnership culture."

The advisers serve wealthy families, endowments and foundations, according to the firm.

The advisers oversaw nearly $900 million in combined AUM, and moved to Morgan Stanley, Raymond James and HighTower.
April 5

William Blair New York team April 2017

Sutkin, an industry veteran of roughly three decades, had been with Wall Street Access since 2010, according to FINRA BrokerCheck records. Harvey had been with Fieldpoint since 2011, according to regulatory filings.

Harvey and Arkwright joined Fieldpoint when the firm acquired their Manhattan-based RIA, Analytic Asset Management, in 2012. The RIA had approximately $275 million in assets at the time, according to a press release.

Neither Fieldpoint nor Wall Street Access could be reached for immediate comment.

Sutkin, Harvey and Arkwright represent the latest hires for William Blair, which has expanded to a few additional markets in recent years, according to the company. In January 2016, William Blair lured over a Credit Suisse that managed $1.6 billion in client assets. Advisers Kim Chenevey, Joel Dobbs, Craig Savage, and Andy Thompson joined opened a new William Balir office in Atlanta.

Ryan DeVore, head of Private Client Advisors at William Blair, said the firm was "selectively" broadening its reach.

The Chicago-based William Blair has more than $22 billion in private wealth assets, according to the firm, which was founded in 1935.

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