World Investment Advisors is taking another step forward on its next chapter of growth with a new addition to its C-suite.
On Tuesday, the firm announced the appointment of Kevin Ryan as its new chief financial officer.
Ryan, who comes to WIA after holding the CFO role at mortgage fintech firm Xactus, will be responsible for overseeing the financial management of the firm, focusing on capital allocation, growth initiatives, and risk management.
With 24 years of financial management experience, Ryan brings extensive expertise in mergers and acquisitions, particularly within private equity-owned institutions.
He will report directly to Troy Hammond, the firm's CEO, and will join the executive leadership team.
"Kevin has a proven track record of delivering sustained shareholder value, managing complicated M&A transactions and developing and implementing operational efficiencies," Hammond said in a statement Tuesday. "His diverse background and expertise within the financial management realm will prove advantageous for our next phase of growth."
Ryan's appointment comes not long after World Investment Advisors rebranded itself from Pensionmark in July. The firm currently manages over $55 billion in assets across its institutional and wealth management segments.
The wealth management division has grown tremendously in the past two years alone, expanding its assets under management from $1 billion to $11.5 billion. The firm, which is home to over 350 advisors and staff across more than 65 locations, has also seen a shift in its compensation structure, with more than 60 percent of its revenues now fee-based.
Ryan’s experience in enterprise-grade capital management is expected to support World Investment Advisors' ambitious growth plans, both organically and through acquisitions. Not long after its brand refresh, the firm welcomed a Massachusetts-based independent overseeing a hefty $3.5 billion in assets.
"Joining WIA during this time of exponential growth and innovation is very exciting," he commented. "I look forward to driving the overall financial strategy while partnering with the broader team to build on our market momentum and revenue growth."
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