![]() Gilles holds a Series 6 and Series 63 Securities License. from Cornell University and is a member of the CFA Institute and the Hartford CFA Society. From 1990-1996, he was a credit analyst at Babson and worked on privates, corporates, mezzanine and high yield securities. Marchand co-managed 10 high yield mutual funds and a CLO for Merrill Lynch Asset Management. Marchand founded the high yield group at Aladdin Capital and was the senior portfolio manager responsible for managing nine CLO funds and three open ended funds. Prior to joining the Knights of Columbus, he was Chief Investment Officer and Senior portfolio manager of Global Plus Investment Management. Gilles has been the credit portfolio manager for the Knights of Columbus since joining the Order in March, 2010. ![]() Our Approach Our Products Invest Now My Account Our Guiding Principles Our Difference Invest ![]() “Finding a way to connect with clients based on what's truly important to them is perhaps the most important driver of growth in our industry,” Duffy said.Asset Advisors | Gilles Marchand Jr | Knights of Columbus The investment advisor representatives and models have attracted 300 accounts since the pilot began in March. Unlike its insurance products and services, the RIA and its new models are open to non-members, even though Duffy predicts their initial growth will come from the Knights’ roughly 1,000 insurance agents and more than 1.9 million members worldwide. The RIA “interviewed nearly 20 other providers (TAMPs, Custodians and Platform Tech) and found that AssetMark is uniquely aligned to serve their needs: a partner that could scale and serve 650+ new IARs offering advisory services,” McCarthy said in an email. The Knights’ RIA launched the models as part of AssetMark’s more than 400 enterprise agreements across wealth management for services such as model portfolios with billing, reporting, rebalancing and support staff, according to Tom McCarthy, AssetMark’s senior vice president of national sales strategy. “If they need our data formatted in a specific way for them to integrate it into their systems more easily, we've done that for multiple asset managers and advisors.” It “would very much welcome” more collaboration with advisors, Perry said. ![]() Adasina Social Capital uses the nonprofit’s data as part of its portfolio screens, as does the Friends Fiduciary Corporation and the As You Sow “Prison Free Funds” database, according to Noam Perry, an economic activism associate with the Quaker social justice organization. In the ESG realm, the American Friends Service Committee’s Investigate project has emerged as a significant provider of free data about company practices as they relate to Israel and Palestine, prison companies and industries surrounding immigrant detention and deportation. “Whether it’s protecting their loved ones in case the unthinkable happens, gifting strategies or ensuring their legacy is fulfilled, having an advice conversation that’s built on a person’s closest-held values can lead to increased financial clarity and intentional decision-making.” “Advice that’s purpose-driven is a powerful differentiator in today’s marketplace,” Armitage said. Thrivent’s hybrid RIA currently spans 27 teams and 167 financial advisors, she noted in an email. The firm tapped longtime wealth management executive Carolyn Armitage as the network’s head earlier this year. A firm with Lutheran roots, Thrivent, is also recruiting advisors to the hybrid RIA it launched in 2019, Thrivent Advisor Network. The Knights are open to the possibility of advisors using the advisor-as-strategist program while remaining affiliated with other RIAs or brokerages, according to Duffy.
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