Veris Wealth Partners, an impact wealth management firm with approximately USD1.5 billion in AUM, has appointed two new Partners, General Counsel Richard Chen and Chief Operating Officer, Stephanie Cohn Rupp. The news comes in conjunction with the announcement of the retirement of two of the company’s Founding Partners, Steve Fahrer and Anders Ferguson at the end of this year.
Fahrer and Ferguson co-founded Veris Wealth Partners in 2007 with Partners Patricia Farrar-Rivas, CEO; Michael Lent, CIO; and David Hills who retired in 2017. The goal of helping individuals, families, and private foundations manage and grow their wealth in a way that aligns with their values. Veris invests in strategies focused on sustainability, social justice, gender lens investing, regenerative agriculture, climate solutions and other areas of impact.
Fahrer has provided sustainable investment advisory and wealth management services since 1994 specialising in financial consulting, portfolio management and community impact investing across all asset classes. Before joining Veris, Fahrer co-founded the New York office of Progressive Asset Management, the first full-service broker/dealer to focus on socially responsible investing. Ferguson began his career in impact as a social entrepreneur and financier, building sustainable companies and nonprofits since 1978. His work at Veris focused on firm strategy and building a robust marketing, thought leadership platform. He spent years leading Veris’ consulting for The Democracy Collaborative and Envestnet.
“Veris has achieved much of our success as an Impact Wealth Management firm due to the values, dedication and passion of Steve Fahrer and Anders Ferguson,” says Patricia Farrar-Rivas, CEO of Veris Wealth Partners. “We are looking forward to welcoming Stephanie and Richard to help us maintain our commitment to impact investing while continuing to grow in 2021 and beyond.”
As a certified Benefit Corp, Veris Wealth Partners is committed to building diversity, equity, and inclusion within the organisation and in the world, and the two new hires align with that ethos. As new Partners, Chen and Cohn Rupp each bring new perspectives to the leadership team along with significant skills and capabilities to support the future growth and greater social impact of the firm, both in terms of the firm’s investment platform and how it operates every day.
Chen is a graduate of Harvard College and Harvard Law School and an expert on investment adviser compliance and regulation, business structuring and transactions, private fund formation and cybersecurity preparedness. He has spent most of his career with some of the top multinational law firms in the world and is the founder and President of his own law firm, which is DOBE certified (disability-owned business enterprise).
Rupp is the Chief Operating Officer, focused on building further Justice, Equity, Diversity and Inclusion (JEDI) at the firm and more generally in the sector of finance. She is the former Head of Impact Investing at two RIAs, and the former CEO of Toniic. She is a graduate of the LSE and Harvard Kennedy School and has been in the impact investing space for 20 years working in the US, Europe and Frontier Markets.