$4B RIA Summitry Founder Steps Down, Elevates Two Co-CEOs
Symmetry, the first registered investment advisor to buy Aspen Standard Wealth is an RIA holding companyHe announced a change in leadership in which the founder and CEO will move to the role of executive chairman.
Colin Higgins Smithrin
Katz will focus on identifying and servicing new clients, leading investment and financial planning offerings and growth strategies, while Wilkes will work on operations and customer experience.
“We continue to invest in talent, capabilities and advice that help our clients make the most important financial decisions with confidence,” Katz said in a statement.
The company did not immediately comment on the new ownership structure after the transition. Katz, Wilkes and Chief Compliance Officer Lynn Rouse are the only individuals listed as having a stake in the company as of June 30, of which Aspen Standard Group owns more than 75 percent.
Higgins will continue to provide strategic direction and work with Aspen Standards to support new RIA partnerships, identify consulting talent, and expand artificial intelligence-enabled service capabilities.
The San Francisco-based RIA is part of the Aspen Standard RIA network of holding companies, founded and founded by CEO Ali Kassim-Laqa. On July 7, New York-based Aspen. Found the eighth company Agreement with Kalamazoo, Mich.-based CWS Financial Advisors, a group of 10 that manages $1.3 billion in client assets.
