Skip Schweiss, a long-time executive at TD Ameritrade Inc., has been appointed chief executive of Santa Monica, California-based Sierra Group of Cos., effective Oct. 1.
The Sierra Group manages or advises on more than $9 billion in assets. It's made up of Sierra Investment Management Inc., Ocean Park Asset Management Inc. and Wright Fund Management, which manages the Sierra Mutual Funds.
In 2020, Schweiss stepped down as president of TD Ameritrade Trust Co. and managing director of advisor advocacy after 12 years with the company. Earlier, he spent 20 years at Fiserv Inc.
Schweiss is currently serving a one-year term as president of the Financial Planning Association.
Schweiss will be the Sierra Group’s first CEO. The company’s co-founders, David Wright and Kenneth Sleeper, will continue to focus on investment management and working with clients, while Schweiss focuses on growing the company, according to a press release.
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