Founder of StrategicPoint No Longer with Company
Thursday, May 13, 2010
The president of the Rhode Island-based StrategicPoint Investment Advisors, LLC is no longer with the firm he founded, according to a spokeswoman for Focus Financial Partners, LLC, an owner of StrategicPoint.
Loretta Mock, the spokeswoman, said David Brochu is no longer the president of StrategicPoint. She declined to say when or why he left the company.
She added that investors had been notified of the departure.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTStrategicPoint is a leading financial firm in Rhode Island that managed assets worth about $550 million as of the end of 2009, according to RIABiz.com.
Focus Financial is a New York City-based roll-up firm that has 18 partner firms, 600 employees, and total of $31 billion in assets under its management, according to a company press release.
Mock said attorneys were still involved in Brochu’s departure. She declined to elaborate.
Brochu sued Focus Financial in the Court of Chancery in Delaware last fall, seeking access to the books and other records, according to RIABiz.com, which follows the registered investment advisors industry.
Mock said StrategicPoint will now be led by Rick Anzelone, Betsey Purinton, Derek Amey, Aaron Simmons, who have a combined 40 years of experience with StrategicPoint.
