Bob Oros, head of Fidelity Clearing & Custody Solutions’ RIA business, is set to become CEO of HD Vest.
The executive has been in his current post at Fidelity for the past five years and announced he was leaving the firm on Jan. 13. He will start at HD Vest, on Feb. 28 and succeed Roger Ochs, who is “stepping down as HD Vest CEO after 30 years with the tax-oriented wealth management firm,” according to the company.
HD Vest is owned by Blucora, the maker of TaxAct software, which bought the broker-dealer for about $580 million a year ago. Its 4,500 affiliated advisors work with roughly $38.5 billion in client assets.
“We are pleased to welcome a leader of Bob’s caliber. His experience in building advisor relationships will be instrumental to HD Vest’s future,” said John Clendening, president and CEO of Blucora, in a statement. “Under Bob’s leadership, the HD Vest team will continue to innovate and provide tax professionals and independent financial advisors with the right solutions to meet and exceed their clients’ needs.”
Ochs will remain with the company through March 31 to help with the transition.