"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 recently joined DeVoe & Company and 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.
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
Gwenne Bacani recently joined DeVoe & Company as Associate with over 15 years of experience in the financial services industry. He supports the analytical and technical aspects of the firm.
Previously, Gwenne worked for Charles Schwab Advisor Services in San Francisco, where he served as a Strategic Sales Regional and Business Development Support Specialist for the Strategic Business Development group. During this 10-year period, he provided strategic sales and service expertise to strategic acquiring firms, independent broker/dealers, turnkey asset management providers, and large national multi-office RIA firms with combined AUM of over $250B.
Gwenne holds an undergraduate degree in Aerospace Engineering from San Jose State University and an MBA in Finance & Management from San Francisco State University.
Anant Kota joined DeVoe & Company as an intern in June of 2016. He is currently a student at the University of California, Berkeley.
Anant has taken an active interest in pursuing a career in business strategy consulting through involvement in various positions on campus such as both a consultant and a project manager for 180 Degrees Consulting, the Berkeley branch. Through 180 Degrees, he has been directly involved in helping non-profits in the Bay area to achieve both growth and sustainability through active research, strategy compilation, and implementation.
Anant is currently a double major in Applied Mathematics and Economics at the University of California, Berkeley.