NEW YORK - High-profile financial planners Dave Yeske and Elissa Buie have decided to merge professionally, as well as personally.
Having married in July, Mr. Yeske, founder and principal of San Francisco-based Yeske & Co. Inc., and Ms. Buie, founder and principal of Falls Church, Va.-based Financial Planning Group Inc., are in the process of merging their firms.
"We decided it was a chance to play big," he said.
The new firm, Yeske Buie Inc., will have assets under management of $250 million but plans are to increase that to $1 billion, Mr. Yeske said.
It will retain offices in both cities, with plans eventually to add an office in Boulder, Colo., he added.
"It will be really fun to work together and make the trips back and forth tax deductible," Ms. Buie said.
She and Mr. Yeske share a similar philosophy of making financial planning the cornerstone of the client relationship, she said, and complement each other with "different core competencies."
Ms. Buie said she will have more time to manage the business. Mr. Yeske is looking forward to concentrating on working with clients, business development, investment approaches and new technology, he said.
She was president of the Denver-based Institute for Certified Financial Planners when it merged with the Atlanta-based International Association of Financial Planners in 2000.
Ms. Buie subsequently became co-chairman of the newly formed Financial Planning Association. She is dean of the FPA's residency program and serves on the organization's communications advisory committee.
Mr. Yeske was president of the FPA in 2003, chairman in 2004 and currently is chairman of the association's political action committee. He also teaches financial planning at Golden Gate University in San Francisco and is pursuing a doctorate in finance there.