"Rock stars." "Thought leaders." "Nerds."
"Therapists with spreadsheets."
We love how people describe our team.
When you hire DeVoe & Company, you get the very best in the business. Our consulting team is comprised of three former heads of $1B+ RIAs and two strategy consultants trained the McKinsey Way. So you not only get strategic thinking and analytical rigor, you get solutions that are fully implementable—because they’re crafted by people who have literally put them to the test.
Managing Director and Founder
David DeVoe founded DeVoe & Company in 2011 to help wealth management companies optimize their business decisions. The company has supported hundreds of firms in valuation, consulting and investment banking engagements since launch. David has been a thought leader on RIA practice management for over 16 years and was recently called the 'RIA M&A Guru' by Barron's magazine.
Previously, he served as Managing Director of Strategic Business Development at Charles Schwab Advisor Services. In this role, he developed and led Schwab’s Transition Planning platform, which provides comprehensive M&A and succession planning services to registered investment advisors. During this eight-year period, he provided strategic counsel to over 500 advisors. Previously, David worked in the Business Strategy group at American Express.
David holds a BA degree from the University of California, Berkeley and an MBA from Cornell University Johnson Graduate School of Management.
Tim joined forces with DeVoe & Company in January 2017 with a passion to build out the most comprehensive succession and continuity platform in the industry. With 44 years of experience, Tim has long been recognized as one of the key leaders in and influencers of the wealth management industry.
Tim is the former CEO and Chairman of Aspiriant, one of the industry's most admired firms, and co-author of Success & Succession (Wiley, 2015), a best-selling book on succession planning for RIAs. He led the wealth management practices at Bank of America and at Deloitte through the 1980’s before co-founding Kochis Fitz in 1991. The merger of Kochis Fitz and Quintile to form Aspiriant has been recognized as one of the industry’s most strategic RIA M&A transactions. Tim was also a co-founder of the Personal Financial Planning Program at University of California, Berkeley, one of the first accredited financial planning programs in the United States, where he taught for eighteen years.
Tim has an MBA from the University of Chicago, a JD from the University of Michigan and a Bachelor of Arts degree from Marquette University.
Vic Esclamado joined DeVoe & Company in September of 2015. He has over 30 years of experience in financial services strategy and technology-driven new product development, with almost a decade working on business and technology solutions for RIAs.
Vic recently served as Chief Operating Officer of True North Advisors, a large, fee-based RIA in Dallas, TX, where he handled all the business aspects of the firm, freeing up the founders to focus on new and existing client relationships. In addition to overseeing finance, HR, operations, legal, compliance and technology, Vic led strategic projects focused on organic growth, cost efficiency and advisor profitability as well as M&A initiatives. Prior to that, Vic served as an SVP-Strategy for a large multi-business division at Bank of America, where his team recommended the purchase of Fleet Bank and the largest US credit card issuer, MBNA. With those deals completed, Vic led the merger integration efforts for the Consumer Bank. In his career, Vic has had the privilege of doing the strategy and product management work to launch online brokerage at Schwab, as well as online bill payment and online banking at Intuit.
Vic earned his MBA from Stanford GSB and his undergraduate BA from Yale University.
Tim Forest joined DeVoe & Company in March of 2014. He brings over 15 years of experience in financial services, including nearly a decade serving RIA clients.
Formerly, he was Managing Director and Head of Program Development for Practice Management at Charles Schwab Advisor Services. He led the development of the Annual RIA Benchmarking Study, programs, seminars, whitepapers and other practice management materials that Schwab’s Business Consultants and Relationship Managers use to consult with hundreds of RIA clients. Prior to this role, he was a member of Schwab’s Retail Brokerage Strategy team. Previously, Tim was a Senior Associate at McKinsey & Company, consulting to the management teams at Fortune 500 clients.
Tim holds an MBA from Stanford GSB and an undergraduate degree in Mathematical Economics from Pomona College, where he graduated Magna Cum Laude.
Francine joined DeVoe & Company in April of 2012. She is a licensed investment banker with 15 years of experience in M&A transactions in the Financial Service Industry as both an investment banker, an acquirer and a seller.
Formerly, she was President of Kaspick & Company, a privately held asset management firm, where she revitalized operations, grew AUM from $3B to $4.5B and created an exit for the founders through a sale to TIAA-CREF. At PNC Bank, she was CEO & Division Executive of Treasury Management Services. At Chase Manhattan Bank, she held a number of positions in its Merger Office and Private Bank.
Francine has an undergraduate degree in Economics and Psychology from Wellesley College and an MBA from Harvard University.
Brad Grubb joined DeVoe & Company in October 2018. He brings 30 years of financial services experience in wealth management, asset management and banking.
Brad has led several multi-billion dollar AUM RIAs and banks that own RIAs, many of which he helped grow through acquisition. His roles included President of PSBT’s Wealth Management Group, Managing Director of Manarin Investment Counsel, President of Carson Wealth Management Group, and President and CEO of BancWest Investment Services. Earlier in his career he held senior positions at Citigroup, Kemper Financial Institution Group, and consulted with Farmers Financial Services.
Brad earned his undergraduate degree in Economics from Loyola University Chicago.
Stacy Orff joined DeVoe & Company in July 2019. She brings more than 20 years of financial services marketing and communications experience encompassing financial advisor, brokerage, mutual fund, and financial technology.
Stacy has led marketing teams at leading firms in the financial advisor industry such as Charles Schwab, AssetMark, and SS&C Advent. During her time at Schwab Advisor Services, she worked on the development of a new Schwab Advisor Network program to match advisors with high net-worth clients and also developed materials, whitepapers, proposals, and presentations to support the 100+ sales person organization working with RIAs. At AssetMark, Stacy spearheaded the company’s public transition from Genworth Wealth Management and developed communications to support advisors in sharing investment strategy information with clients. Stacy also drove growth in Black Diamond Wealth Platform’s advisor clients during her time at SS&C Advent. Earlier in her career, she held positions at a mutual fund company and a mutual fund trade publication.
Stacy has a B.S. and B.A. from Boston University where she graduated Summa cum Laude in Advertising and Mass Communications and Magna cum Laude in French.
Aryeh Malitzky joined DeVoe & Company in 2018. He has over nine years of experience providing M&A advice and valuation services to the Financial Services Industry and specifically to RIAs.
Previously, Aryeh was a Managing Director at InCap Group, Inc., a boutique Investment Bank exclusively serving RIAs. There, he helped RIAs buy, sell and merge, refined the company's valuation modeling and executed valuations, and supported many firms in their quest to raise capital. He led and supported over 50 engagements during his tenure, while overseeing the operations of the firm.
Aryeh has a BA and an MA from Ner Israel Rabbinical College and an MBA from Loyola University in Maryland.
Director Of Operations
Lynn Kennerly joined DeVoe & Company in 2014 as Director of Operations. She is supporting the growth and operational elements of the organization as it continues to scale.
Lynn was an Investment Analyst at Principal Financial Securities, prior to raising her two sons. At Principal, she was responsible for following the Utilities industry and making trade recommendations for a team of over six hundred stockbrokers. In this role, she also supervised the Research Department administrative team.
Previously, Lynn worked for George D. Bjurman & Associates, a Los Angeles $1B+ RIA / Wealth Manager, as an Associate Portfolio Manager. She holds a Chartered Financial Analyst designation.
Lynn has a B.A. in Economics from U.C. Berkeley where she graduated Summa Cum Laude and with Phi Beta Kappa honors
Keri Hall joined DeVoe & Company in December 2018 as the Executive Assistant to David DeVoe and to provide administrative, operational, and HR support to the DeVoe & Company team. She brings over 25 years of experience in administration, operations, and human resources.
Prior to her position at DeVoe & Company, Keri served as Operations Manager of the equipment finance division at two large regional banks, Washington Federal and Western Alliance, where she developed and managed the core business functions of the division. Keri was an original member of the team that started the department and supported the growth of the portfolio to over $500 million. During this 12-year period, she was the in-house administrator, trainer, and key contact for the portfolio origination and servicing software.
Prior to working in the banking sector, Keri worked in the hospitality industry in operations and management, with an emphasis in human resources, customer relations, and accounting. She has been a key contributor to several start-ups and has worked in both large and small, private and public corporations.