CEO Mike Welker outlines firm investments and new partners in annual letter

During the recent Pension Board briefing held by the City of Jacksonville Beach, key discussions centered around the firm’s commitment to its clients and ongoing investments in personnel and technology. CEO Mike Welker emphasized the importance of client relationships, expressing gratitude for their support, especially during the challenging year of 2020.

The firm has made significant strides in its growth, increasing its team to 91 members by the end of the year. This expansion reflects a broader strategy of reinvesting 100% of profits back into the business, focusing on critical areas such as compliance, marketing, and technology. Welker noted that these investments are expected to continue for the foreseeable future, highlighting the firm’s dedication to enhancing its services and capabilities.

Additionally, the meeting announced the addition of two new partners, Jacob Peacock and Dan Ocica, to the firm’s employee-owned partnership. This move is part of a broader initiative to distribute ownership among a greater number of employees, fostering a sense of shared responsibility and commitment within the firm.

As the meeting progressed, the focus shifted to the market environment, setting the stage for further discussions on how these developments will impact the pension fund and its beneficiaries. The board's commitment to transparency and ongoing communication with the community remains a priority, ensuring that residents are informed about the management of their pension resources.

Overall, the meeting underscored the firm’s resilience and proactive approach in navigating challenges while prioritizing the needs of its clients and the community.