Geneos Wealth Management announced Tuesday that Ryan Diachok has been named president of the Denver-based independent broker-dealer; Russ Diachok will give up the presidency but remain CEO of the firm, which has 275 producing reps.
Ryan Diachok, 35, is the nephew of Russ Diachok, 56, who with his father, George Diachok, founded Geneos in 2003 after selling the IBD Multi Financial to ING (Multi is now part of Cetera).
In an interview, Russ Diachock said the promotion was a “natural progression for family-run firms” and reflected the “fantastic job” that Ryan Diachok has done in his 15 years at the firm, especially working with advisors, in recruiting and serving as liaison with Geneos’ product and strategic partners.
“Ryan started at the bottom — I stuck him the mailroom — but he was one of my strategic partners early on,” Russ Diachok said. “Ryan will continue to oversee what he’s been doing,” notably in recruiting, “while I’ll be spending a little less time in the office.”
Instead, Diachok said, he will be traveling more. When asked how the change will impact Geneos’ representatives, Russ Diachok said “some of them will see me in their offices; I’ve been to almost all our branches, but I’ve got a list of 25 people” that he wants to see. “Otherwise,” he said, “they won’t see much difference, in our direction or emphasis.”
While he said that “Ryan may need to hire more people over the next six months to replace what he’s been doing, we won’t change what we do. Ryan is ready; I’m ready to do a little less.”