SOURCE: Aspiriant


September 10, 2009 16:06 ET

Rob Francais to Succeed Tim Kochis as CEO of Aspiriant

Planned Leadership Transition at Wealth Management Firm

SAN FRANCISCO, CA--(Marketwire - September 10, 2009) - Aspiriant, the nation's leading independent wealth management firm, today announced that Rob Francais, 43, will become the CEO of the firm on November 1.

In a long-planned management transition, Francais succeeds CEO Tim Kochis, whose leadership in the global wealth management industry has spanned 36 years. After a brief sabbatical, Kochis will become Chairman of the Board, continuing to focus on client relationships, business development, and strategic opportunities for the firm.

Francais has been the Chief Operating Officer of Aspiriant since January 2008, when Aspiriant was formed by the merger of the San Francisco-based Kochis Fitz and Los Angeles-based Quintile Wealth Management. Succeeding Francais as Chief Operating Officer will be Tom Tracy, 50, who has been a wealth advisor with the firm since 1992, serving some of the firm's most substantial clients.

"I am thrilled by the opportunity to build an exciting future on the exceptional wealth management platform we've created at Aspiriant," said Francais. "Everyone in the firm is pleased that Tim will remain actively involved in the business on an ongoing basis," he said.

"Rob has the entrepreneurial energy and client service and staff development passion that will serve Aspiriant's clients and its people extremely well for many years to come," said Kochis. "The talent and tenure of our wealth management team enables us to make a smooth transition of management responsibilities to Rob and Tom."

A CPA, Francais has more than 20 years of experience in the wealth management profession. He has launched several successful businesses and business lines within larger organizations. As CEO of Quintile Wealth Management, Francais led the effort to build Quintile from its inception into a 35-person firm with $2.5 billion of assets under management. During this same time, he also headed Empaxis, a data management business he helped to create in 2003 as a subsidiary of Quintile. Today, Empaxis is a subsidiary of Aspiriant that employs 29 full-time staff in the U.S. and abroad, and reconciles data for more than $30 billion in assets.

Prior to co-founding Quintile in 2002, Francais was the managing director of myCFO's Los Angeles office, a company founded in 1999 to address the unique needs of the ultra-affluent market segment. While at myCFO, he helped define and build the client service platform and managed the client service resources in Los Angeles. Prior to myCFO, he was a tax partner with Deloitte & Touche LLP in the Los Angeles office and head of the Technology Industry Practice for the Southwest Region.

Francais holds a BS in economics and finance, with an emphasis in business administration, from the University of California, Los Angeles. He is a member of the UCLA Economics Council, frequently speaks at industry conferences and the Anderson School at UCLA, and has guest lectured at the University of Southern California.

Tracy, the firm's new Chief Operating Officer, earned a bachelor's degree in economics from Chico State in 1983 and an MBA in finance from San Francisco State University in 1987. He is also a CPA, and received his Chartered Financial Analyst credential in 1995 and his CFP credential in 1996.

About Aspiriant

As an independent wealth management firm, Aspiriant offers comprehensive and completely objective financial advice and world class investment management services to individuals and family offices. With nearly $4 billion in assets under its management responsibility, Aspiriant is among the largest independent wealth management firms in the U.S., and the largest in California. For more information please visit

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