Ritholtz Wealth Management (RWM) has hired industry veteran Jay Tini as its new president. Tini, who served recently as a divisional sales manager at Vanguard, will join the New York registered investment advisor on Jan. 1.
In the newly created role, Tini will support the overall business and the founding partners: Josh Brown, CEO; Barry Ritholtz, chairman and chief investment officer; Kris Venne, managing partner; and Michael Batnick, managing partner, the firm announced today.
Tini will manage the firm's day-to-day operations, allowing the founding partners to offer insightful market commentary, analysis, perspective, financial advice and investment management, according to a press release.
Tini was a critical part of the Vanguard leadership team that oversaw the firm's RIA business and brings more than 20 years of RIA and asset management experience to his new position. He previously served as a director at global asset management firm AllianceBernstein, according to RWM, which had $2.8 billion in client assets under management as of this past Friday.
"This team does not need me to come in and help them grow the business; they have that well in hand," Tini said. "They've assembled an amazing content and thought leadership empire, backed by sound behavioral investment advice that doesn't require an advanced degree in finance to understand. I believe I can add value as an operator, freeing the team to achieve the best possible outcomes for clients and strategically build toward the future. My primary goal is to preserve and build upon the identity, fabric and culture of the firm that the partners have built."
