CHICAGO--(BUSINESS WIRE)--RMB Capital (“RMB”), an independent investment advisory firm with approximately $9.7 billion in assets under management1 (estimated as of Dec. 31, 2020), announced that Michele Francisco, CFP®, has been named chief client officer and Seth Davis, CFP®, has been named managing director of wealth management.
Francisco, a partner in the firm, previously served as RMB’s head of wealth management in her role as chief of staff. In her new role, she oversees client services for all of wealth management, family office services, and retirement plan solutions. She also serves on the firm’s executive committee.
Davis, formerly senior wealth manager and a partner in the firm since 2015, was promoted to managing director of wealth management, overseeing RMB’s 25 wealth advisors across eight wealth management offices nationwide. He is based in RMB’s Denver office.
“Both Michele and Seth have spent their time at RMB being laser-focused on client service, striving to provide an outstanding experience for our private clients. Michele was a natural choice to oversee our client service efforts due to her success leading wealth management and her experience with managing some of our largest and most complex clients,” RMB founding partner, CEO and co-chief investment officer Dick Burridge said. “During his decade with us, Seth has shown tremendous leadership in helping to grow our wealth management business while upholding our high standard of service and mentoring his colleagues, and we are thrilled for him to guide our wealth management team into the future.”
Francisco has worked with Burridge and RMB president Fred Paulman for two decades, including four years prior to RMB’s inception as a firm. Over that time, Francisco has filled a wide variety of roles. She began with responsibilities that ranged from trading to managing client events and communications. In 2007, she started working directly with some of the firm’s largest clients, and she also assumed responsibility for managing the client service administrative staff and the firm’s custodial relationships from 2010-2012, when she was promoted to senior wealth advisor. She became a partner in 2015 and was named chief of staff and head of wealth management in early 2020. Francisco is a CERTIFIED FINANCIAL PLANNERTM professional and holds a bachelor’s degree in international affairs and economics from George Washington University and an MBA from Kellogg School of Management at Northwestern University.
Davis joined RMB in 2011, having already gained 15 years of experience in the financial services industry. He was previously responsible for leading the Denver wealth management team and advising complex client relationships, including a specialization in working with entertainers and technology executives. His prior firm, Wisdom in Action, was a registered investment advisory firm based in Denver, which was acquired by RMB in 2011. Prior to launching Wisdom in Action, his work experience included corporate real estate strategy, institutional-level asset allocation modeling, corporate treasury trading, and investment accounting. Davis earned the CERTIFIED FINANCIAL PLANNER™ and the CERTIFIED PRIVATE WEALTH ADVISOR™ certifications and is a member of the Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), and Investment & Wealth Institute. He received his bachelor’s degree in accounting from Binghamton University.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNERTM and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
About RMB Wealth Management
For high-net-worth individuals and families, RMB Wealth Management provides holistic financial planning services as well as asset allocation recommendations and investment implementation. Its goal is to pilot a personalized financial plan designed with each client’s best interests, unique needs, and long-term objectives in mind.
About RMB Capital
RMB Capital is an independent investment advisory firm. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Headquartered in Chicago, RMB also has offices in Denver; Jackson Hole, Wyo.; Lake Forest, Ill.; Milwaukee; Minneapolis; New York; St. Joseph, Mich.; and Washington D.C. To learn more about RMB, visit rmbcapital.com.
1 Total assets under management (“AUM”) presented here differs from regulatory assets under management (“RAUM”) reported on RMB Capital’s Form ADV. AUM reflects net assets under management for private funds and mutual funds managed by RMB Capital, while RAUM reflects gross assets under management. AUM also includes RMB West’s assets under advisement, which are not included in RMB Capital’s RAUM. AUM estimated as of 12/31/20.
