Fiducient Advisors has named Mike Goss as president, succeeding Mark Wetzel, who will retire on May 3 after more than 18 years in the role. Most recently, Goss was a managing partner and chief revenue officer.
One of two affiliate RIAs owned by NFP, an insurance and wealth management company recently acquired by Aon, Fiducient manages approximately $56 billion (about half of which is free) for 632 families, more than 300 charities, 131 pension plans and six corporations. according to federal filings. The firm adopted its current brand in 2021 after Fiduciary Investment Advisors, an RIA created by Wetzel and Goss in early 2006. joined DiMeo Schneider & Associates one year ago.
Last summer, the firm hired Sabrina Bailey from the London Stock Exchange Group to replace Robert DiMeo, who moved into the role of chairman, as CEO.
In the dual roles of managing partner and chief revenue officer, Goss has overseen business development and marketing while helping to execute an overall strategy introduced by Bailey. He also works with institutional clients and a select group of private family office clients.
Prior to starting FIA with Wetzel, Goss spent almost 12 years at UBS Financial Services and has served institutional clients for more than two decades.
He will continue to serve as chief revenue officer and focus on “continuous growth.”
“From a day-to-day perspective, it really doesn't make any difference,” Goss said WealthManagement.com. “It's a role I've already played in many ways; The role of president will be a growth role overseeing sales and marketing, so none of my reports are changing and I'm already on the executive committee.”
He said he expects to continue to support the growth plan outlined by Bailey that focuses on each of Fiducient's four “core” businesses—retirement plans, endowments and foundations, private clients and an OCIO service available to RIAs, banks , brokers/dealers, CPA firms and multi-family offices.
“We have seen tremendous growth in assets under management through our OCIO initiative,” he noted. “It is part of the endowment/foundation, private client and pensions areas where more and more of our clients have decided to give us OCIO mandates as opposed to advisory mandates. We've had a lot of our existing customers decide to switch to that model and a lot of our new opportunities are looking for it, so we think that's a trend that's going to continue.”
The fiduciary advises approximately $300 billion in client assets. With approximately 218 employees, including 82 registered advisors, the firm is headquartered in Chicago, with offices in Austin, Boston, Los Angeles, Washington, DC, Portland, Maine and Hartford, Conn.