Ritholtz Unveils Succession Plan

Ritholtz, a national registered investment advisor (RIA) overseeing more than $7.6 billion in assets for high-net-worth clients and institutions, announced the rollout of an employee-led succession plan designed to preserve the firm’s independence, support continuity and increase ownership.

As part of this transition, 29 employees of Ritholtz now have ownership in the firm, expanding internal equity participation and formalizing the next generation of leadership. Executed entirely without any outside capital, the transaction cements Ritholtz’s status as one of the largest independent, 100% employee-owned RIAs.

Barry Ritholtz, the firm’s co-founder, chairman and chief investment officer, has set in motion the firm’s succession plan alongside his co-founders. Under this transition, Ritholtz will remain involved in supporting the firm and the investment management committee as chief investment officer. Day-to-day leadership of the firm will continue under co-founders Josh Brown, CEO; Michael Batnick and Kris Venne, managing partners; and President Jay Tini. Ritholtz will continue to operate under its namesake brand in perpetuity, maintaining its commitment to client service, continuity and culture.

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