The Bahnsen Group, a national wealth management firm with over $7.5 billion in assets under management, announced new leadership positions and key hires in response to its growth and commitment to delivering an extraordinary client experience.
Joseph Klein has been promoted to President, where he will work directly with Managing Partner and Founder David Bahnsen to set and implement the company’s strategy. And Klein will oversee the firm’s Management Committee, which consists of eight department directors. He previously served as the firm’s Family Office Director.
Luis Garcia was promoted to Chief Financial Officer. He will also direct the company’s business administration department, overseeing finance, facilities, and human resources. Garcia’s promotion comes after a year of directing the firm’s operations. He previously served as the Chief Financial Officer of Pacifica Christian High School of Orange County.
The Bahnsen Group also welcomes new members to its growing advisory team:
1.) Nicolas Stanley joins the firm as Family Officer Director. And he previously worked as a Vice President for Financial Planning at Morgan Stanley and in various planning and consulting roles at Merrill Lynch in New York City and UBS in Beverly Hills. The Bahnsen Group’s multi-family office offering for ultra-high net worth individuals and families now represents 20% of the firm’s revenue and assets under management.
2.) Anastasia Wiese joins the firm’s Grand Rapids, MI office as a Senior Financial Advisor. And she previously worked at Grand Wealth Management. A lawyer by training, Anastasia brings a unique expertise and experience in the high-net-worth space and will drive growth as The Bahnsen Group establishes its presence in western Michigan.
The firm’s 85 team members include 22 Private Wealth Advisors and a variety of personnel in Planning, Investment, Risk, Tax, Content, and Operations. Besides Bahnsen, Klein, and Garcia, the six-person Leadership Team comprises Brian Szytel (who leads the firm’s Palm Beach, FL office), Joleen Bahnsen (who directs the Team & Client Experience Department), and Trevor Cummings (who oversees the Private Wealth Advisor Group). The firm is owned by its eight partners.
KEY QUOTES:
“Luis and Joe are respected leaders in our organization who I trust to advance our mission, carry our culture, and relentlessly compete as we pursue our organizational goals. We have never shied away from investing the resources into our business that are needed to continue serving clients at the very high standards we set for ourselves. In the last three years alone, we have organically added over $3 billion of new assets under management, and created a robust full-service tax department, risk department, and family office.”
“Nicolas is an ambitious talent who will care for our Family Office department well and continue to expand its capabilities. Anastasia is exactly the kind of advisor we want to have driving new market expansion and growth. We grow only to the extent we hire, manage, and develop our people well, and I am very proud of the team we have built at The Bahnsen Group. There is no way I can explain how unique our ethos is when it comes to competing, growing, and serving our clients. It is a way of life at our company that we are never going to abandon.”
David Bahnsen, Managing Partner and Founder, The Bahnsen Group
