Beirne Wealth Consulting Services, LLC (“BWC)” is pleased to announce the appointment of Richard DeFrancesco, Jr. as Partner effective January 1, 2021. In his new role as Partner and Chief Operating Officer, Richard (JR) will continue to lead BWC’s day-to-day operation strategies and business growth, including accounting, human resources and information technology. JR is responsible for the development, refinement, and implementation of comprehensive and efficient business approaches to ensure the firm delivers a personalized client experience at all times.
The transition to partner has been a natural progression as JR has been strategically working alongside the firm’s Founding Partner, John Beirne, and BWC’s President, John-Oliver Beirne, for many years fulfilling a multitude of roles and responsibilities throughout his tenure.
“I want to take this opportunity to welcome Richard DeFrancesco as a partner in Beirne Wealth Consulting Services, LLC. Richard, or JR as he is more affectionately known, has clearly demonstrated all the qualities one would look for in bestowing the position of partner to someone. I can’t thank him enough for all he has done for the firm while maintaining unquestionable loyalty to our company,” says Founding Partner, John Beirne.
JR’s passion for leading a team to achieve the highest possible purpose is rooted in his extensive business, financial and operations experience and focus on relationships and collaboration. He particularly enjoys the challenge of working to improve efficiencies within the BWC team's processes.
BWC’s President, John-Oliver Beirne also went on to say, “JR’s work ethic, dedication to the firm, and dedication to his own self-improvement have made BWC a better place to work. He embodies all the characteristics our firm wants as we embark on our next stage of growth and expansion.”
JR’s previous roles were focused around client servicing and performance reporting for large institutional relationships. Prior to joining BWC, he spent eight years with Mercer Investment Consulting, Inc., where he led the Connecticut office's performance reporting team. He earned a bachelor’s degree in finance with a double minor in economics and computer information systems from Quinnipiac University. Most recently, JR completed the General Management Program at the University of Pennsylvania's Wharton School.
“To say I am honored to be taking this next step as Partner of Beirne Wealth is an understatement. I look forward to all the responsibilities my new role entails. Working alongside the Beirnes for so many years has been a priceless learning experience and our relationship, both professionally and personally, has made me a better person. I would not be where I am today without the support of the Beirne family and of all my colleagues at BWC. I am grateful to work alongside such a great team and with our wonderful clients.”
About Beirne Wealth Consulting Services, LLC – www.beirnewealth.com
Beirne Wealth Consulting Services, LLC (“BWC”) is a privately owned, SEC Registered Investment Advisor* with offices in Connecticut and Pennsylvania. BWC provides independent, fee-based investment management services and customized financial planning solutions. Our institutional business provides consulting expertise to defined benefit and defined contribution plans, endowments, foundations, and non-profit organizations. Our private clients include high net-worth individuals and prominent families, many of whom bring complex wealth management challenges and multigenerational planning needs. For more information, please visit www.beirnewealth.com or give us a call today at 888-231-6372.
*Registration does not imply a level of skill or training.
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