Minnetonka Minnesota, August 22, 2018 – Marks Group Wealth Management announced today that John Feste has been promoted to President of the firm, effective August 1.
“Marks Group Wealth Management celebrates its 10th anniversary this year as an Independent Registered Investment Advisory firm. We have enjoyed impressive growth and John has been an integral part of that success.” Said company founder Ben Marks.
“John’s strong leadership skills have led to more responsibility within the daily operations of our business in recent years. This well-deserved promotion reflects his central role as we prepare for our next decade of growth.”
Marks will remain Chief Investment Officer and continues to Chair the firm’s investment committee.
“It is an honor to take on an expanded leadership role within the firm,” said Feste. “This is an important time for our company as we look ahead to future growth while maintaining our strong culture. We’ve never had a deeper bench of talented team members. I’m proud of our accomplishments and excited about what lies ahead.”
Feste co-founded the company with Marks in 2008, and previously held the position of Managing Principal. He also leads the firm’s charitable giving and community efforts. He is a current board member and Treasurer for St. David’s Center for Child and Family Development. Feste also coaches within the Minnetonka Youth Hockey Association.
During the past 10 years Marks Group has grown its assets under management from $200 million to nearly $1 billion. Marks Group Wealth Management, located in Minnetonka, provides financial planning and investment advisory services to high net-worth families, corporate retirement plans and private foundations.