Placemark Investments, a Dallas unified managed account provider, announced Monday that it has hired three executives to help expand sales and customer service to brokerage firms, banks, and wire houses that want to create unified managed accounts for their customers.
The company hired John Ehinger to be vice president, chief compliance officer, and general counsel; Lisa Harrington, vice president of institutional business development; and Joseph Rinaldi, vice president of investment operations.
Unified managed accounts let financial advisers create a single portfolio for customers, combining managed accounts, mutual funds, individual securities, exchange-traded funds, and other investment products.
Mr. Ehinger was a lawyer at Balch & Bingham LP in Birmingham, Ala., and previously worked three years in the Securities and Exchange Commission's division of market regulation.
Ms. Harrington is to help Placemark president Randy Bullard with business development. She was a sales director and one of the early employees of LifeHarbor, a technology vendor to the separate account industry.
Mr. Rinaldi is to manage the development and operations of Placemark's proprietary overlay portfolio management process. He was a portfolio and operations manager at Parametric Portfolio Associates for six years.
Placemark works with 70 investment managers and more than 5,000 investment advisers.
