The industry is mourning the passing of David Tittsworth, the former longtime president and CEO of the Investment Adviser Association in Washington.
A Capitol Hill veteran, Tittsworth died Wednesday morning after a long battle with multiple myeloma. He was 66.
“David will be remembered as a passionate, dedicated, articulate and effective advocate for the investment advisory community and for the importance of fiduciary advice,” said Karen Barr, IAA’s president and CEO, in a note to IAA members. “Over the nearly two decades I worked with him, David became not just my colleague and mentor, but a valued and cherished friend.”
After leaving IAA’s helm after 18 years, Tittsworth became counsel in Ropes & Gray’s investment management practice in Washington. Before his long tenure with the IAA, Tittsworth worked in various positions on Capitol Hill, including as counsel to the House Energy & Commerce Committee chaired by Rep. John Dingell.
Tittsworth joined IAA when it was known as the Investment Counsel Association of America; at the time the organization had two employees, was headquartered in New York, and served 200 member firms that collectively managed $1 trillion in assets.