Wescott Financial Advisory Group LLC, a Philadelphia wealth manager, hired David Gaskin as its new chief operating officer.

Gaskin was a principal at Vanguard for 12 years, overseeing financial, organization, planning and institutional operations.

“With his experience at an organization known for high value and efficiency, David brings an unparalleled pedigree as a proven and trusted leader and organizer,” said Grant Rawdin, Wescott’s founder and chief executive officer. “His sophistication and skills will help to serve Wescott’s current path and growth.”

Gaskin said Wescott “offers an ideal balance of stature in the financial services community and the entrepreneurial spirit of a boutique firm. This perfectly suits the next stage of my professional career, as much as I can serve the firm’s well-planned growth model.”

Wescott, which has $1.6 billion in assets under management, serves high-net-worth individuals and institutions. It was founded in 1987.

The hire follows a 2008 organizational analysis and plan put in place by Rawdin and then-COO, Harold Weinstein, a renowned organizational psychologist. As a result of the reorganization, the five departments – operations, administration, marketing and sales, advisory and investment research – are overseen by a management committee comprised of executives from each department.

The group meets monthly to assess plan execution and staff and client satisfaction metrics, and to seek areas for improvement.

In a related personnel move, Weinstein has transitioned to become Wescott’s director of organizational and talent development, where he will continue to work on expansion strategies and new advisor integration.

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