PHILADELPHIA, October 26, 2017 — Wescott Financial Advisory Group, a wealth management firm with more than $2 billion in assets under management, has named Mark E. McCarron, CFA, Chief Investment Officer. McCarron, who will lead the firm’s Investment Research Group and Co-chair the Investment Committee, was selected after an extensive national search.
With more than 20 years of experience in investment management, McCarron brings a rich background advising ultra-high net worth individuals, family offices and foundations on strategies across traditional and alternative asset classes. At Wescott, he will research and implement customized investment solutions for clients.
“We’ve built our success on strategic portfolio management, guided by our tenacious Investment Research Group and years of turning market insights into dynamic strategies for clients,” said Grant Rawdin, Wescott’s Founder and CEO. “Mark’s expertise in directing intensive research, selecting specialist managers and developing tailored solutions for clients’ specific goals perfectly aligns with our process and philosophy.”
Lydia Sheckels, CFP®, CLU, ChFC, who served as Wescott’s Chief Investment Officer for 25 years, will lead McCarron’s transition into the role over the next several months. Sheckels will remain at Wescott as a Partner and as a member of the firm’s Investment Committee and Investment Research Group. She will also continue to serve her clients as a senior financial advisor.
McCarron began his career as an analyst with SEI Investments, where he became Managing Director and Global Head of Client Investment Strategy for the U.S. He then moved to the UK to build out the firm’s investment offering for international clients, where he headed the London investment team and represented the firm’s investment capabilities globally. After 10 years abroad, McCarron returned to the U.S. to transition into investment strategist roles at family offices. In these roles, he developed a range of asset allocation models and portfolio solutions for high net worth individuals and institutional markets.
“Now more than ever, it’s critical to understand how capital markets are influenced by global trends, policies and geopolitics. My time abroad provided me with a unique and valuable perspective that continues to shape the way I construct investment strategies for clients,” said McCarron. “I’m looking forward to working closely with Lydia and the investment team to build upon Wescott’s world class investment platform. My focus is to continue to improve and deliver investment results and an exceptional client experience.”
McCarron received his bachelor’s degree in finance from Boston College’s Carroll School of Management. He also studied international economics and comparative economic systems at the London School of Economics.
About Wescott Financial Advisory Group LLC
Through its unique Life-Minded Wealth™ approach, Wescott integrates financial expertise with life expertise into a single advisory service. The firm’s expert teams combine financial advisors, CPAs, MBAs and attorneys with on-staff psychologists, Ph.D.s and family counselors to help clients see all sides of every financial decision. Wescott is one of the top wealth management firms in the nation, as ranked by Barron’s, Forbes, CNBC and Financial Advisor magazine. Founded in 1987, Wescott has offices in Philadelphia, Boca Raton, Miami and San Francisco. For more information, visit wescott.com and follow them on LinkedIn, Facebook and Twitter @WescottFin.
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