Wacker Wealth Partners will mark its 30th anniversary in early 2018 with new roles for senior management and a move into new, expanded headquarters now under construction at 892 Aerovista Place, company officials announced.
Effective Jan. 1, CEO and founder Bob Wacker becomes chairman; partner Ryan Caldwell becomes CEO, and partner Bryan Krill becomes president.
The changes are the result of a strategic planning process initiated two years ago by CEO and founder Bob Wacker.
“With the strong growth of our client base and the increased complexities of the financial markets, it became clear to me that management responsibilities needed to be more broadly shared to ensure that we continue to serve clients in a topnotch manner,” said Wacker.
As chairman, Wacker will retain his role as chief investment officer, expand his one‐on‐one work with clients, and turn over day‐to‐day management of the firm to Caldwell and Krill.
“Combined, Ryan and Bryan have 30 years of experience with Wacker Wealth Partners,’’ Wacker said. “They have proven they are more than capable of assuming these leadership responsibilities, and I look forward to working even more closely with them in support of their new roles.”
As CEO, Caldwell will lead the firm’s executive committee in charting the firm’s course for the future. Caldwell, who is active in the community and currently is chairman of the board of directors of the San Luis Obispo Chamber of Commerce, has been with Wacker Wealth Partners for 10 years. In addition to being a lead advisor and partner, Caldwell has been largely responsible for the successful launches of the company’s alternative investment funds.
“Ryan is a gifted leader with great interpersonal and technical skills as well as unfaltering values,” Wacker said. “He is the right person to execute the firm’s vision for the future, maintain our collaborative and caring fiduciary culture, and make sure that we continue to serve our clients at the highest level for years to come.”
Krill, who has been with the firm for nearly 20 years and currently is chief operating officer, will continue to be in charge of the firm’s service infrastructure, which includes trading and operational activities, state‐of‐the‐art technology, delivery of timely and accurate reports to clients, cyber security, regulatory compliance, and facilitation of the advisory team’s investment and planning advice.
“Bryan has been my steady right hand for two decades,” Wacker said. “He has made it possible for us to assist more and more clients without compromising service quality,” Wacker said. “Our clients should continue to sleep well knowing that Bryan is making sure we do all the right things in the right way.”
After 19 years in the same offices downtown, the company’s move to its new quarters at the corner of Broad and Aerovista will provide 60% more space with multiple conference rooms for client meetings and seminars.
Wacker Wealth Partners was founded by Bob Wacker in 1988 as R.E. Wacker Associates, one of the nation’s first firms providing strictly fee‐only financial advising. Today, Wacker Wealth Partners is owned by eight equity partners and has 16 employees, eight of whom are Certified Financial Planners working together to deliver fee‐only investment management and financial planning to individuals, families, businesses and non‐profit organizations. For more information, visit wackerwealthpartners.com.