Fidelity's Bob Oros to take over as CEO of HD Vest

RIA-industry veteran will replace Roger Ochs at the $37B wealth management firm

Jan 23, 2017 @ 10:02 am

By Jeff Benjamin

Bob Oros, executive vice president and head of the RIA segment at Fidelity Investments, is taking over as CEO of HD Vest Financial Services Inc.

Mr. Oros, 51, who is slated to leave Fidelity at the end of the month, will replace Roger Ochs, who is retiring after 30 years with the tax-oriented wealth management firm.

HD Vest was acquired by Blucora Inc., a publicly-traded provider of technology-enabled financial solutions in October 2015 for $580 million.

H.D. Vest, which is geared toward tax professionals, has 4,600 advisers and $37 billion in assets under management, according to its website.

“We are pleased to welcome a leader of Bob's caliber,” said John Clendening, president and CEO of Blucora, in a statement.

“Under Bob's leadership, the HD Vest team will continue to innovate and provide tax professionals and independent financial advisers with the right solutions to meet and exceed their clients' needs."

Mr. Oros, joined Fidelity five years ago from Trust Company of America. Prior to that he also worked at LPL Holdings and Charles Schwab Corp.

Mr. Oros, who was not immediately available for comment, will take over as CEO of HD Vest effective Feb. 28.

“We wish Bob well in his new endeavor,” said Fidelity spokeswoman Erica Birke. “He has made many contributions to our RIA business during his five-year tenure, and we thank him for his service.”

Ms. Birke said Mr. Oros' permanent replacement at Fidelity has not yet been determined.


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