Tamalpais Wealth Advisors Names New Senior Executive

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(Business Wire)

SAN RAFAEL, Calif.--(BUSINESS WIRE)--Tamalpais Bancorp (NASDAQ: TAMB) today announced that it had renamed its wealth management subsidiary as Tamalpais Wealth Advisors (TWA) and had named Jonathan Leidy as its first director of business development.

At TWA, a fee-based, Marin asset management service, Leidy will be responsible for attracting new clients to the firm.

The name change mirrors the name change of the parent corporation, Tamalpais Bancorp, and reflects the community in which the wealth management firm operates, according to William Osher, TWA’s chief operating officer and a Chartered Financial Analyst (CFA).

Leidy has spent a decade in the wealth management industry, first with Charles Schwab & Co., and more recently with Salient Wealth Management LLC. His primary duties include meeting with prospective clients, understanding their goals and objectives, and ensuring their transition to TWA is seamless.

Leidy, a CERTIFIED FINANCIAL PLANNER™ (CFP), directed business development at Salient during a period when the San Rafael firm more than doubled its assets under management (AUM). He was also the chair of the firm’s Financial Planning Committee and was responsible for creating and implementing many of the firm’s best practices in that area.

“The addition of Jonathan further strengthens our veteran team of wealth management professionals,” said Osher, also the firm’s chief economist.

Tamalpais Wealth Advisors currently has $283 million in assets under management. The firm’s clients include high net worth individuals and institutions. It has built its reputation by providing objective, customized solutions for affluent individuals. TWA also has distinct expertise in institutional fixed-income portfolio management.

Other members of the TWA senior management team are:

• Seth Scholar, Director of Equity Investments and Portfolio Manager. A graduate of UC Santa Barbara with a degree in business and economics, he is licensed as an Investment Advisor Representative (NASD Series 65).
• David Hudson, Trader/Portfolio Administrator. He holds a Bachelor of Arts degree in economics from New York University and is a Series 65.

“On the wealth planning side, our goal for clients is to help them find the optimal balance between their goals and the risks they need to take in order to achieve them,” Osher said.

“For our institutional and ultra-affluent clients, we specialize in the management of high quality bond portfolios that have the dual objectives of preservation as well as stable income,” he said.

At Tamalpais Wealth Advisors, Leidy will be a key contributor to each client’s financial plan, both at the outset of the relationship and on an ongoing basis.

In addition to his CFP certification, he holds a Bachelor of Science degree from UC Davis in Managerial Economics as well as an Associate’s Degree in Mathematics. He is also a former National Association of Securities Dealers (NASD) licensed representative (Series 7) and Investment Advisor Representative (Series 65).

A Marin County native, Leidy and his wife, Erin, reside in San Rafael. He is also an active participant in community outreach and serves on the board of directors for Big Brothers Big Sisters of the North Bay.

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Tamalpais Bank
Mark Chapman, 415-526-6485