Key Takeaways
- The Bahnsen Group promotes Joseph Klein to President and Luis Garcia to CFO as part of its growth strategy.
- New hires include Nicolas Stanley as Family Office Director and Anastasia Wiese as Senior Financial Advisor, enhancing service capabilities.
- The firm has grown to manage over $7.5 billion in assets and is recognized for its commitment to client experience and high standards.
Leadership Changes at The Bahnsen Group
The Bahnsen Group, a prominent national wealth management firm with assets exceeding $7.5 billion, has announced a restructuring of its leadership team and strategic hires to sustain its growth and enhance client service.
Joseph Klein has been elevated to President, where he will collaborate directly with David Bahnsen, the firm’s Managing Partner and Founder, to shape company strategy. Klein previously served as Family Office Director and will oversee the Management Committee comprised of eight department heads.
Luis Garcia has been promoted to Chief Financial Officer, managing business administration, finance, and human resources. His promotion follows a successful tenure during which he directed operations and previously served as CFO for Pacifica Christian High School of Orange County.
David Bahnsen remarked on the leadership changes, highlighting the trust he places in Klein and Garcia to uphold the firm’s mission and standards. He emphasized that the firm has successfully attracted over $3 billion in new assets in the last three years and established vital departments, including tax and risk management.
As part of its expansion, The Bahnsen Group welcomes Nicolas Stanley as the new Family Officer Director. Stanley previously held a Vice President position in Financial Planning at Morgan Stanley and has significant experience at Merrill Lynch and UBS. His role will bolster the firm’s multi-family office services, which currently contribute 20% to overall revenue and assets.
The firm also announced the addition of Anastasia Wiese as a Senior Financial Advisor in Grand Rapids, Michigan. A trained lawyer, Wiese’s background and experience in the high-net-worth sector will aid the firm’s growth in the western Michigan market.
Bahnsen expressed confidence in his new team members, stating that their expertise aligns with the firm’s commitment to client service and capability expansion. He stressed the importance of hiring, managing, and nurturing talent as key to the firm’s successful growth strategy.
The Bahnsen Group employs a total of 85 individuals, including 22 Private Wealth Advisors, alongside a diverse group of planning, investment, risk, tax, content, and operations personnel. The firm’s leadership team also includes other prominent members managing various departments and offices across the United States.
Founded in April 2015, The Bahnsen Group commenced with $600 million in client assets and has significantly increased its managed assets at a 29% annual rate over the last decade. The firm operates out of multiple offices nationwide, focusing on dividend growth equity investing while providing intellectual capital to its clients and emphasizing thought leadership.
The Bahnsen Group is wholly owned by its eight partners, ensuring a committed approach to serving its clientele through innovative strategies and dedicated expertise.
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