"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.
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.
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 fifteen 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 fifteen 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.
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.
Nick Arellano recently joined DeVoe & Company and has over 16 years of experience in financial services and RIA mergers and acquisitions.
Nick recently served as the Managing Partner of Shoreline Growth Partners, an entity formed to acquire and operate an RIA. Nick was responsible for all deal generation, company analysis, valuations, negotiations and deal structure. Prior to that, Nick spent 14 years as an advisor working directly with clients. After building his own book of business at the beginning of his career, he spent 8 years at Morgan Stanley leading a large team through a series of strategic initiatives to improve all areas of the business. From client experience to comprehensive planning and investment strategies, Nick has been involved in a variety of areas related to strategy and planning for the financial services industry.
Nick holds an MBA from The University of Chicago - Booth School of Business and a BA degree from Minnesota State University, Mankato.
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