Saro J. Picciotto, co-founder and CEO of Wainwright Investment Counsel, died June 28 after a brief illness. He was 53.
Mr. Picciotto helped create the investment consulting firm in 1982 as part of financial services firm H.C. Wainwright and became CEO when Wainwright Investment Counsel was spun out in 1999, said Richard Zack, chief risk officer.
“Saro was a wonderful colleague, a dear friend,” said Mr. Zack. “He was a dynamic, personable man.”
Mr. Zack said reaction from clients has been “a combination of shock as well as tremendous outpouring of support. He was well respected with clients and peers, with advisers and the industry as a whole.”
Services for Mr. Picciotto were held Monday. Memorials may be made to Boston Children's Hospital, 300 Longwood Ave., Boston, MA 02115; or Massachusetts General Hospital, 55 Fruit St., Boston, MA 02114.
Mr. Zack declined to give the cause of Mr. Piccioto's death. Succession plans or other changes in management at Wainwright have not yet been considered.