Wescott Financial Advisory Group’s New COO Wants to Redefine Wealth Management
Experienced senior executive Matthew T. Regan brings history of progressive thinking and technical prowess
PHILADELPHIA, August 12, 2015 — Wescott Financial Advisory Group, a wealth management firm headquartered in Philadelphia, has hired Matthew T. Regan as its new chief operating officer to lead the firm into the new frontier of the quickly evolving financial services industry.
Wescott purposefully looked beyond its existing organization for a leader whose experience and perspective would help the firm become a disruptive force in its industry.
“Matt is a cutting edge financial services executive with a long track record of leading strategic initiatives that bring innovations such as online brokerage and auction-based IPOs to his firm’s clients,” said Grant Rawdin, Wescott founder and CEO. “Like Matt, Wescott has always been on the bleeding edge of the financial services industry and we’re thrilled to have another trendsetter on our team.”
From 1998 to 2012, Regan was a senior managing partner with WR Hambrecht + Co., where he helped the financial services firm challenge the incumbent business model on Wall Street with its auction-based capital-raising technology. He managed several teams and business lines in the firm’s broker-dealer operation and oversaw the development and deployment of retail brokerage, middle-market sales and corporate services business. He was a key member of the small management firm that determined its strategy and successfully executed its groundbreaking business model.
For the past four years, Regan worked as a consultant for a variety of financial services firms looking to undergo large-scale transformations, bringing his unique perspective on operations, strategy, risk management, and the impact of technology. Notably, Regan worked closely with Vanguard on the design and launch of its next-generation investment platform, which serves as the foundation for its new advice offering.
At Wescott, Regan oversees operational management and strategic growth initiatives. He is responsible for making the firm’s operation more efficient; adopting new technological and digital solutions; and expanding the firm through acquisitions and recruiting initiatives.
“I was attracted to Wescott because of its fearlessness,” Regan said. “This is a firm filled with people who don’t flinch in the face of progress when they see that their clients could benefit from change. I look forward to leading Wescott toward its next great achievement — and all that follow that one — to ensure that we remain at the forefront of the industry’s evolution.”
About Wescott Financial Advisory Group LLC
Wescott Financial Advisory Group LLC is a relationship-driven, empathetic, independent wealth management firm committed to providing individuals and institutions with unmatched caring and expertise to achieve their clients’ goals. The company’s diverse team members are experts in investments, law, accounting and business, and hold a wide range of industry-acclaimed credentials that enable them to offer thoughtful and personal advice to their clients. Wescott is one of the top wealth management firms in the nation, as ranked by CNBC, Barron’s, Financial Advisor and Financial Times. Founded in 1987, Wescott has offices in Philadelphia, Boca Raton, Miami and San Francisco. For more information, visit wescott.com and follow them on Twitter @WescottFin.
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