Quantuvis CEO to depart; Genworth-owned consultant's office to close

Roughly four years after Genworth Financial Wealth Management acquired Quantuvis Consulting, the practice management consultant's CEO - Stephanie Bogan - is departing. "It was an amicable parting," said Ms. Bogan, in an interview, who added that she is set to pursue new opportunities in the advice business. As a result of her departure, Ms. Bogan noted that Genworth is closing the Quantuvis office and discontinuing public availability of Quantuvis services. The firm's tools and practice management research will continued to be made available to Genworth advisers, Ms. Bogan added. A call to Tom Topinka in the press office at Genworth was not immediately returned. Genworth acquired the consulting firm in 2008 and completed the integration of the unit into its wealth management business last year. Quantuvis currently has eight full-time employees; last year it had 16, but eight have transitioned to the Pleasant Hill, Ca. offices over the last year. "Practice management is an incredibly important piece of the advisory business. However, it is only one piece of a much bigger puzzle," Ms. Bogan added. "The firm that defines a formula for success in this changing landscape is going to win big and dominate the marketplace."