Placemark Investments has named two new vice presidents to its Investment Advisory Solutions team: Scott Smith and Michelle Barbiere.

Scott Smith has fifteen years of experience in financial services in both sales and relationship management roles. Most recently, Scott was Vice President of Sales at Fidelity [profile], working for Fidelity Institutional Wealth Services in the Midwest. Before his time with Fidelity, Scott was a Relationship Manager at Schwab's [profile] Schwab Advisor Services in New York City. He will be based in Chicago, Illinois.

Michelle Barbiere has been in the financial services Industry for twenty-one years working directly with registered investment advisors and money managers that offer mutual funds and separately managed accounts. Michelle's most recent positions include Vice President of Business Strategy at Merrill Lynch and Relationship Manager at Schwab Advisor Services. She will be based in Evergreen, Colorado.

"The independent RIA channel represents a key part of our growth strategy. I believe we are well-positioned to expand our services to RIAs, and I am confident that bringing on two additional people with Michelle and Scott's exposure will accelerate our growth," stated Lee Chertavian, Chairman and CEO of Placemark Investments.

Erik Preus, Executive Vice President and head of Placemark's Investment Advisory Solutions team, stated, "I am excited to have Scott and Michelle join the Placemark team. Both bring substantial experience to our effort and will help us expand the distribution of UMA Marketplace within the independent channels. Adding both Scott and Michelle demonstrates our increasing commitment to serve RIAs."

Other members on the team include Erik Preus, David Caffrey and Mark Marcellino.

Here is the press release:

Company Press Release Placemark Investments Amplifies Advisory Solutions Team with Two New Hires ?

DALLAS, Aug. 19, 2013 -- Placemark Investments is pleased to announce the addition of two new vice presidents to its Investment Advisory Solutions team. Longtime industry veterans Scott Smith and Michelle Barbiere will join Erik Preus, CFA, David Caffrey and Mark Marcellino on the company's development team. Placemark is an industry leader in developing custom UMA platforms, providing independent advisors with the industry's most flexible UMA platform, UMA Marketplace�. UMA Marketplace connects advisors to investment managers through a cost-effective, open-architecture platform with complete integration to custodians and technology providers.

With the addition of Scott and Michelle, Placemark will be well-positioned to provide the services of UMA Marketplace to registered investment advisors throughout the country. Scott and Michelle will cover the Midwest and West Coast, respectively.

"The independent RIA channel represents a key part of our growth strategy. I believe we are well-positioned to expand our services to RIAs, and I am confident that bringing on two additional people with Michelle and Scott's exposure will accelerate our growth," stated Lee Chertavian, Chairman and CEO of Placemark Investments.

Erik Preus, Executive Vice President and head of Placemark's Investment Advisory Solutions team, stated, "I am excited to have Scott and Michelle join the Placemark team. Both bring substantial experience to our effort and will help us expand the distribution of UMA Marketplace within the independent channels. Adding both Scott and Michelle demonstrates our increasing commitment to serve RIAs."

Scott Smith has fifteen years of experience in financial services in both sales and relationship management roles. Most recently, Scott was Vice President of Sales at Fidelity Institutional Wealth Services in the Midwest. Before his time with Fidelity, Scott was a Relationship Manager at Schwab Advisor Services in New York City. He will be based in Chicago, Illinois.

Michelle Barbiere has been in the financial services Industry for twenty-one years working directly with registered investment advisors and money managers that offer mutual funds and separately managed accounts. Michelle's most recent positions include Vice President of Business Strategy at Merrill Lynch and Relationship Manager at Schwab Advisor Services. She will be based in Evergreen, Colorado.

About Placemark Investments

Placemark Investments, which manages nearly $12 billion in assets, develops wealth management solutions including Unified Managed Account programs and other portfolio management outsourcing solutions, enabling Registered Investment Advisors to scale their business and focus on growth objectives. Placemark's UMA Marketplace� platform is the most flexible UMA solution available to RIAs, providing advisors a scalable way to create custom solutions for their clients utilizing any combination of mutual funds, ETFs, and managed account strategies. UMA Marketplace� offers a full suite of services and is integrated with leading custodial platforms, performance reporting vendors, and research providers to the wealth management industry.

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