DECATUR ‐‐ Investment Planners Inc. has announced that its board of directors has named A. Bayard Closser to succeed David Koshinski as the next president of Investment Planners, Inc. and IPI Wealth Management Inc.
Bayard brings over 30 years of industry experience as a unifying leader who specializes in strengthening the growth and profitability of organizations using a strong focus, industry experience and integrity.
Koshinski, CEO of Investment Planners and IPI Wealth Management stated, “We are excited to have Bayard as our next president. His experience and vision combines the knowledge of where we have been with where we want to be in the future.”
As a brief view of his background, Closser joined Vertical Capital in 2010 and served as the president of Vertical Capital Markets Group. He also served as the president of Vertical Capital Asset Management, the president of Vertical Capital Income Fund and was the chairman of the board of trustees of Vertical Capital Income Fund.
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At Vertical Capital, Bayard was responsible for all business, sales and marketing activities of Vertical Funds and has more than 30 years of experience in the financial services industry. His experience includes senior management roles at two of the biggest names in the business, ING and Fidelity, and his expertise is in all aspects of sales management including wholesaling, marketing, product design and strategic planning.
Earlier in his career, he served as national sales manager for the Brinson Funds, which were founded by Gary P. Brinson, a co‐author of a major study on the role of asset allocation in portfolio variation. He earned a bachelor’s degree in finance from the University of Nebraska–Lincoln and currently serves on the Dean’s Advisory Board for the School of Finance.
Bayard has a wife, Susan, and three children. He is a sports enthusiast, and enjoys running, cycling and participating in triathlons in his free time.
IPI Wealth Management, Inc. is an independent SEC registered investment adviser based in Decatur. For more information, go to www.investment-planners.com.