Wealthtech consultancy F2 Technique introduced an government shuffle this week.
Co-founder and CEO Doug Fritz, who has led the agency since its begin in 2016, is shifting into the position of government chairman and longtime Orion government Ryan Seaside has been appointed CEO. In his new position, Fritz will focus his efforts on strategic initiatives and dealing hands-on with shoppers.
“We’ve already exceeded our aggressive progress targets, and Ryan has the precise expertise we have to assist gasoline the following stage of our evolution,” Fritz wrote within the ready assertion saying the adjustments.
In whole, Seaside spent virtually 13 years in varied government management roles at Orion in each know-how and wealth administration and oversaw lots of the agency’s M&A initiatives. He most just lately served as president of Orion Wealth Administration and beforehand had been chief working officer for each it and the Orion Advisor Expertise unit.
His recruitment is the newest addition to F2’s expanded C-suite roster. Laura Korbel joined the agency as its first president in August 2023, and Jay Halbert moved into the newly created position of chief monetary officer in April of this 12 months.
Headquartered in Chicago, F2 has grown to greater than 100 staff, constructed a community of greater than 3,600 consultants worldwide, and claims a shopper base with greater than $3.8 trillion in property below administration.
In February, F2 acquired SKY Advertising Consultants, a full-service advertising firm that additionally served wealth administration companies and their advisors.
SKY’s co-founder, Jeremy Jackson, moved into the position of F2 chief advertising officer, whereas co-founder Liz Fritz, who had held the position, joined F2’s board and has continued to work on strategic progress initiatives.
A lot of F2’s headcount progress occurred in June 2023 with its acquisition of 75-employee Oakbrook Options, one other consultancy serving wealth managers. Whereas phrases of the deal weren’t disclosed, F2 concurrently introduced that personal fairness agency Renovus Capital Companions had taken a majority stake within the agency and helped facilitate Oakbrook’s acquisition.
Husband and spouse staff Doug and Liz Fritz based F2 after years of working in wealth administration for main banks. Doug Fritz spent twenty years in wealth administration, finally serving as chief know-how officer at Wells Fargo and First Republic’s personal banking arms. He has additionally served as a decide for the annual WealthManagement.com Trade Awards and as an everyday contributor to the publication. Liz Fritz led advertising for the high-net-worth and ultra-high-net-worth segments at Financial institution of the West Wealth Administration, Wells Fargo Abbot Downing and Ascent Personal Capital Administration of U.S. Financial institution earlier than co-founding the consultancy.
