GRID 202 Partners, an RIA startup based in Washington, D.C., has hired Kamila McDonnough, a board director of the CFP Board, as its president, the company announced. McDonnough left Rutledge Financial Partners, an affiliate of LPL Financial where she served as a wealth manager, in January.
The new addition makes GRID 202 100% women- and diverse-owned, according to the announcement. McDonnough joins founder Keith Beverly who is an advisor, the managing partner and chief investment officer.
“Her industry leadership and wealth of expertise, ranging from managing advisor teams to extensive experience serving ultra-high-net-worth families and institutions, is the ideal skill set to help lead GRID during this exciting stage of our firm’s growth,” said Beverly.
McDonnough got her start with Vanguard nearly 20 years ago before working for the private investment firm Dimensional Fund Advisors. While at Vanguard, she worked with ultra-high-net-worth individuals and institutions and oversaw $3 billion in assets before departing.
GRID 202 Partners manages more than $7 million in regulatory assets under management, according to its ADV. The firm started in 2018 and serves institutional clients and individual investors with professional backgrounds such as medical practitioners, attorneys, corporate executives and professional athletes.