Wescott Financial Advisory Group LLC Appoints David W. Gaskin as COO

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    Veteran Vanguard Officer To Guide Firm’s Growth Strategy

    PHILADELPHIA, PA – In a move that expands on the firm’s growth strategy, Wescott Financial Advisory Group LLC, an SEC-registered Wealth Management firm serving high net worth individuals and institutions, is pleased to name David Gaskin as its new Chief Operating Officer.

    Gaskin brings a proven combination of financial acumen, entrepreneurial savvy and business development to his new role at the firm, which has $1.6 billion in assets under management. A graduate of Yale University with his MBA from The Wharton School at the University of Pennsylvania, before joining Wescott Gaskin had been a Principal at Vanguard for 12 years, overseeing financial, organizational, planning and institutional operations.

    Wescott founder / CEO Grant Rawdin said, “With his experience at an organization known for high value and efficiency, David brings an unparalleled pedigree as a proven and trusted leader and organizer. His sophistication and skills will help to serve Wescott’s current path and growth.”

    “Wescott to me offers an ideal balance of stature in the financial services community and the entrepreneurial spirit of a boutique firm,” Gaskin said. “This perfectly suits the next stage of my professional career, as much as I can serve the firm’s well-planned growth model.”

    Gaskin’s arrival builds on Wescott’s ongoing strategic plan, serving Wescott’s path of framing its internal operations ahead of its ongoing robust growth, Rawdin said. The hire also follows a 2008 organizational analysis and plan put in place by Rawdin and then-COO, Harold Weinstein, Ph.D., a renowned organizational psychologist. The resulting plan “created an organizational structure that has improved the flow of communication and ideas among the firm’s various committees,” one magazine reported.

    As a result, the five departments – operations, administration, marketing and sales, advisory and investment research – are overseen by a management committee comprised of executives from each department. The group meets monthly to assess plan execution and staff and client satisfaction metrics, and to seek areas for improvement. Additionally, a cross-functional committee drawn from those five departments improves collaboration and drives communications firm-wide.

    In a related personnel move, Weinstein has transitioned to become Wescott’s Director of Organizational and Talent Development where he will continue to work on expansion strategies and new Advisor integration.

    Such deliberate, detailed growth has been the plan since Rawdin founded Wescott in 1987. Tapping his tax and business practice at the prominent law firm Duane Morris LLP, he slowly built the firm on client referrals and through strategic partnerships with other firms. Today, Wescott is one of the nation’s largest registered independent advisors with more than 325 clients and $1.6 billion in assets under management – and managed from offices in Philadelphia, PA; San Francisco, CA; Boca Raton and Miami, Florida.

    “In today’s market, short-term success can be impressive in the near-term, but our clients and partners depend on us for long-term results,” Rawdin said. “With our blueprint for balanced growth and David at the helm of operations, we’re confident our strategy will continue to be executed as planned.”

    Founded in 1987, Wescott Financial Advisory Group LLC is an SEC-registered, fee-only investment advisory and wealth management firm. Wescott’s clients are high net worth individuals, families, trusts, foundations, pension plans and institutions. The firm’s investment philosophy is a uniquely disciplined, tax sensitive and opportunistic “open architecture, multi-manager (passive and active management)” approach that has been maintained for over 25 years. This approach allows Wescott to control risk while creating portfolios with a combination of complementary styles, diversifications and enhanced returns. Wescott is rated one of the top investment management firms in the United States. The firm is ranked in the top 50 nationally by Barron’s and was named a top firm in South Florida by the South Florida Business Journal. With offices in Philadelphia, Boca Raton, Coral Gables, Miami and San Francisco, Wescott’s mission is “Achieving Client Goals.” For additional information, please visit www.wescott.com.

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    Friday, April 27th, 2012 EN

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