Composition Wealth Appointed New Leadership Team
Los Angeles-based Composition Wealth has hired new senior leaders to oversee its growing operations and regulatory compliance.
Updated on Sept. 22, 2026 in Financial Planning
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Composition Wealth, a financial firm managing more than $12 billion in assets, recently appointed Gabrielle Glemann as general counsel and Joe Salcido as head of advisors. These executive hires are designed to support the firm's rapid national expansion and evolving governance demands.
Why it matters
As wealth management firms scale through mergers, such as Composition Wealth's 2026 acquisition of Edgewater Wealth Management, strengthening legal and compliance infrastructure becomes essential. These leadership moves reflect the firm's strategy to address increasing regulatory scrutiny while supporting advisor growth across its nine markets.
Composition Wealth currently manages over $12 billion in assets across nine markets, supported by a staff of 125 employees. The firm added approximately $900 million in client assets following its 2026 merger with Edgewater Wealth Management.
The players
Gabrielle Glemann
The new general counsel and chief compliance officer at Composition Wealth, with a background at BlackRock.
Joe Salcido
The new head of advisors at Composition Wealth, formerly with Edelman Financial Engines and Vanguard.
Composition Wealth
A Los Angeles-based wealth management firm with $12 billion in assets that provides financial planning and advisory services.
The details
To navigate a changing regulatory environment, Glemann will lead legal and compliance functions, bringing experience from BlackRock and Cercano Management. Simultaneously, Salcido will focus on advisor coaching and practice management to integrate the firm's growing team. These appointments formalize internal infrastructure as the firm, formerly Miracle Mile Advisors, scales its national footprint.
Timeline
2007: Firm was founded as Miracle Mile Advisors.
Early 2025: Firm rebranded to Composition Wealth.
2026: Firm merged with Edgewater Wealth Management.
September 22, 2026: Firm appointed new general counsel and head of advisors.
Money Landscape
The firm is formalizing compliance structures to satisfy the Securities and Exchange Commission's Investment Advisers Act regulatory framework, consistent with broader industry trends in 2026. These structural investments follow a period of rapid consolidation in the wealth management sector.
Clients of firms undergoing mergers should review their existing service agreements to ensure continuity of their financial planning goals. If you have concerns about how management changes or mergers affect your portfolio, schedule a conversation with a qualified financial professional.
The takeaway
The addition of senior legal and advisory leadership signals the maturation of Composition Wealth following its recent rebranding and merger. Clients should track firm-wide changes to verify that the support levels and regulatory oversight remain consistent with their long-term wealth strategy.
Further reading
For tips on what to look for when your firm undergoes a transition, read more about Financial Planning.
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