Fidelis Capital, an advisor-owned wealth management firm, has deepened its talent pool further with a seasoned expert in wealth management and sophisticated planning strategies.
On Monday, the Tampa, Florida-based RIA announced Douglas Rothermich, an experienced wealth transfer, estate, and tax planning services leader, as its newest partner and wealth strategist.
Rothermich brings a wealth of knowledge to Fidelis Capital, where he will focus on developing comprehensive plans for tax, retirement, asset accumulation, and long-term planning goals, which will be integrated with the firm’s tailored investment solutions.
Together, the firm’s bench of experts have a collective 425 years of experience serving UNW individuals, families, and institutions.
"By joining Fidelis Capital, I'm uniting with partners who share a similar depth of experience in their respective fields, where integrity and ethical behavior are intrinsic values," Rothermich said in a statement.
Founded by former private bankers from Wells Fargo and Bank of America, Fidelis Capital prides itself on its sophisticated approach to addressing the complex investment and planning needs of ultra-high-net-worth individuals, families, and institutions.
"Our growth as a firm is targeted at adding the right people, with the right experience, and the right character, to deliver the sophisticated client service that led us to establish Fidelis Capital,” said Rick Simonetti, founding partner, CEO, and head of wealth planning.
“Given his robust expertise and proven track record serving UHNW clients, Doug is a natural fit within our team and is already an invaluable asset," he said.
Before joining Fidelis Capital, Rothermich served as vice president of wealth planning strategies at TIAA, where he managed wealth transfer, estate, and tax planning services. He also advised clients with assets exceeding $1 billion and served as a director of the TIAA Life Insurance Company and TIAA Charitable.
Prior to his tenure at TIAA, Rothermich practiced law at Bryan Cave, advising ultra-high-net-worth clients on estate planning and closely held business interests.
He also at one point held the position of vice president and senior trust counsel at Boatmen's Trust Company, now Bank of America.
A House bill could stop the SEC from blocking closed-end funds' private fund investments.
The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
David Lau, founder and CEO of DPL Financial Partners, explains how the RIA boom and product innovation has fueled a slow-burn growth story in annuities.
Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
