WSR Honors Second Annual CFO 5 – Top Wealth Management CFOs

WSR Recognizes Executives From Realta Wealth, Lincoln Financial Network, Summit Financial, SageView And Docupace As Leading CFOs In The Wealth Management Space
Chris Latham, Managing Editor, Wealth Solutions Report
Chris Latham, Managing Editor, Wealth Solutions Report

Chief financial officers are often the unsung heroes of companies. While CEOs tend to get the credit for a company’s headline-grabbing successes and COOs receive accolades for efficient operations, CFOs rarely enjoy praise for their many efforts.

These duties entail looking after a company’s profit margin, cash flow, capital structure, taxation issues, as well as analyzing how strategic initiatives – including investments – impact the company’s financial condition. CFOs also add value to a firm’s long-term planning, including its goals for service offerings, talent recruitment and M&A.

Our second annual edition of the invitation-only CFO 5 features leaders who have distinguished themselves throughout their careers, by demonstrating a deep knowledge base and a wide range of capabilities in the wealth management space. We congratulate them on their accomplishments, which we have summarized below.

Here are the winners, presented in alphabetical order.

Tim Bowman, CFO, Realta Wealth

Tim Bowman, CFO, Realta Wealth
Tim Bowman, CFO, Realta Wealth

Tim Bowman is an experienced CFO who has provided financial services firms with vision and strategy for more than 30 years. His success record includes delivering results in complex and dynamic environments such as capital markets, broker-dealers, hedge funds and fintech.

Realta Wealth appointed him as CFO earlier this year. Bowman is responsible for the firm’s financial operations, including accounting, FP&A, commissions and financial reporting. As a member of the Executive Committee, he will also play a key role in shaping strategic decision-making for the firm.

Most recently, Bowman served at Prime Trust as the CFO for the financial infrastructure platform. Before that, he worked at Cetera Financial Group as Senior Vice President of Finance. Earlier in his career, Bowman was Head of Financial Planning and Analysis at KCG Holdings and prior to that CFO at Arxis Capital Group. He earned his bachelor’s degree in accounting from Seton Hall University and is a certified public accountant. He also holds several FINRA licenses, such as Series 4, 7, 24 and 63.

“The challenges in overseeing the finances of an independent wealth management firm include ensuring regulatory compliance, maintaining profitability through market fluctuations, adapting to technological advancements and supporting the management team in thoughtfully deploying resources,” Bowman said.

“Realta is in high-growth mode, so there is the added complexity of ensuring all critical initiatives that drive growth get the resources necessary in an uninterrupted, sustainable, mindful and thoughtful way. In addition to attracting more advisors to our firm, in 2024 we also plan to significantly expand the solutions and services we offer.”

Tyler Mahoney, SVP, CFO, Lincoln Financial Network

Tyler Mahoney, SVP, CFO, Lincoln Financial Network
Tyler Mahoney, SVP, CFO, Lincoln Financial Network

With 20 years of experience in financial services, Tyler Mahoney has a deep understanding of financial strategy, risk management and investor relations. As Lincoln Wealth’s Head of Finance, Mahoney has played a pivotal role in shaping both the financial and strategic direction of the organization, implementing robust financial systems and controls to drive operational efficiency and mitigate risks.

Most recently Mahoney played a crucial role on a small executive team that spearheaded the M&A process for the Lincoln Wealth business, overseeing management presentations, due diligence and construction of the business integration strategy. In December, Osaic agreed to acquire Lincoln Wealth – which consisted of approximately 1,450 advisors and approximately $108 billion in assets as of June 30, 2023 – from Lincoln National Corporation.

One of her key responsibilities during the M&A process was to manage the collection and dissemination of data, where she ensured that all pertinent information was organized and accessible to potential buyers. Through communication and collaboration with internal teams and external stakeholders, Mahoney facilitated a smooth and transparent due diligence process.

She has cultivated high-performing teams capable of navigating complex challenges and seizing emerging opportunities. At the heart of her strategic philosophy is a commitment to aligning financial objectives with broader organizational goals. Mahoney sees sound financial management as about aligning resources to achieve long-term value creation and competitive advantages. She also mentors next-generation talent.

“As we navigate the sale of the Lincoln Wealth business, I am looking forward to bringing my wealth of experience to the table, guiding the team through the intricacies of the transaction while safeguarding the interests of our shareholders, employees and financial professionals,” Mahoney said.

“I’m committed to pursuing excellence, and have a steadfast commitment to integrity and transparency, to ensure that the M&A process and integration is executed with the utmost professionalism and stewardship.”

Mara Stempler, CFO, Summit Financial

Mara Stempler, CFO, Summit Financial
Mara Stempler, CFO, Summit Financial

Mara Stempler has been with Summit Financial since 2015. She also is the CFO of an affiliated limited purpose broker-dealer, LS Securities. In 2023, Summit made the Forbes | SHOOK Research ranking of top RIA firms, as well as the Barron’s ranking of top 100 RIA firms.

Stempler has spent her entire career of nearly 30 years working in the financial services industry and managing the financial operations of independent investment advisors and broker-dealers. Prior to joining Summit, Stempler served as CFO for Auerbach Grayson and before that, Burnham Financial Group.

Stempler earned a B.S. in Accounting from Binghamton University. She holds the FINRA Series 27 and 7 licenses and has served as the Financial Operations Principal for the three broker-dealers she has worked for. Stempler also holds a certified public accountant license.

“I truly enjoy the multi-faceted aspect of my job, working with the advisors, our merchant partners and such a talented management team. The challenging part of my role is weighing and prioritizing all the different needs of Summit,” she said.

“The firm’s exponential growth has introduced greater complexity across the business (more advisors, more vendor partners and the Summit Growth Partners partnership structure). It’s very important to exhibit flexibility, strong organizational and communication skills and a willingness to learn. Fortunately, I welcome the challenge, thrive on a bit of uncertainty and persevere to get it all done!”

Christina Walsh, CFO, SageView Advisory Group

Christina Walsh, CFO, SageView Advisory Group
Christina Walsh, CFO, SageView Advisory Group

In March, Christina Walsh was appointed CFO of SageView Advisory Group, an RIA and institutional retirement plan advisory firm. SageView serves nearly 2,000 plan sponsors as their fiduciary partner of choice. It also has a growing wealth management business that has acquired 10 firms since 2021.

Walsh has over 15 years of financial industry experience. She previously served as a Principal at Aquiline, SageView’s equity partner, where she focused on growth transactions and expansion strategies for wealth management enterprises.

Aquiline’s portfolio investments also include Mirador, which offers tech-enabled middle office solutions for high net worth individuals, family offices and wealth managers; and Ascensus, an independent retirement and college savings services provider.

Prior to joining Aquiline, Walsh worked at Focus Financial Partners, pursuing M&A and partner relationships with independent wealth managers. Before that, Walsh was an M&A banker at Evercore, advising financial services clients on transactions. She began her career in wealth management, advising high net worth individuals.

“The continued consolidation in the retirement planning and wealth management industry requires firms to be more creative in driving meaningful organic and M&A growth,” Walsh said.

“Firms, like SageView, must take a thoughtful approach to aligning corporate financial strategies with growth plans. SageView is incredibly well-positioned to take full advantage of the opportunities we see in the market, and I look forward to executing our plans.”

Leon Weiss, CFO, Docupace

Leon Weiss, CFO, Docupace
Leon Weiss, CFO, Docupace

As CFO of Docupace, a digital back-office workflow and automations provider for the wealth management industry, Leon Weiss leads the firm’s finance and accounting functions. He was appointed in June 2023.

Docupace recently won the WealthBriefing WealthTech Americas Award for Onboarding Product, and was presented with Gold, Silver and Bronze Stevie Awards at the 18th Annual Stevie Awards for Sales & Customer Service.

Weiss has nearly 25 years of corporate finance experience. From 2020 to 2022, he served as CFO of Riskalyze, which rebranded as Nitrogen in May 2023, and during his tenure played a central role in the company’s 2021 sale to Hg Capital. Most recently, he served as CFO of XOi Technologies. Prior to Riskalyze, Weiss served as CFO of Inland Business Systems, a Xerox business solutions company.

“The most challenging part of the role is balancing growth and efficiency initiatives, which has been amplified by the current backdrop of mixed economic signals and interest rate volatility,” Weiss said of his role at Docupace.

“Our 2024 goals align with our longer-term objectives – sustainable, meaningful growth across the company by providing significant value to our customers, developing new products and services as the industry evolves, and ensuring we are investing in our people.”

Chris Latham, Managing Editor at Wealth Solutions Report, can be reached at clatham@wealthsolutionsreport.com

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