Brad Long was named chief investment officer at Fiducient Advisors, his predecessor Matthew Rice announced in a LinkedIn post on Tuesday.
Mr. Long, formerly deputy CIO of the investment consultant firm, confirmed the appointment, which he assumed on July 24.
"As Deputy CIO I had the opportunity to lead our Investment Committee for the last 18 months. While the title change is effective this week, our broader succession plan has afforded us ample time for a very thoughtful transition," Mr. Long said in an email.
Mr. Long joined Fiducient Advisors in 2012 and assumed the role of deputy CIO in January of 2022. Prior to deputy CIO, he held the positions of partner and research director at the firm.
"Mr. Rice will remain involved with the firm for the foreseeable future with an anticipated transition in 2023," Mr. Long said in the email.
"With a heart filled with both excitement and nostalgia, I share with all of you that after an incredible journey of 23 years, I will be bidding farewell to Fiducient Advisors later this year," Mr. Rice said in his LinkedIn post, adding that the decision was not an easy one.
"This firm has been my second home, a place where I have grown both professionally and personally, and where I have had the privilege of working with some truly remarkable individuals," Mr. Rice said.
Mr. Long's appointment follows the firm's announcement on July 18 that it had named Sabrina Bailey as the firm's next CEO. Ms. Bailey, who starts on July 31, succeeds Robert DiMeo, the firm's founder, who will become chairman and remain actively involved in the business.
