Chief Executive Officer Ron Carson tapped two top executives in the Carson Group to become the firm's co-presidents, another step forward in Carson's long-term succession plan.
As co-president, Aaron Schaben, formerly an Executive Vice President for Carson, will handle the firm’s “business growth and development,” supervising Carson coaching and partnership offerings, and managing initiatives to “support partner growth and engagement.” Teri Shepherd, previously the firm’s Chief Operations Officer, will oversee the firm’s institutional and retail-focused departments, “including operations, compliance, transformations, technology, communications and stakeholder development.” According to Carson, both executives were “integral” to the firm’s development.
“Their relentless dedication to the organization and complementary skillsets are why this decision to make them co-presidents made so much sense,” Carson said. “When I approached each of them individually, they both said the other was deserving of it.”
After his ascendency to the role of EVP in May of last year, some believed that Schaben was the “heir apparent” to assume the role of CEO from Ron Carson if and when he steps down. Carson founded Carson Wealth in 1983, with Carson Coaching and Carson Partners following in 1993 and 2012, respectively (all are based in Omaha, Nebraska). The firm currently has more than $10 billion in managed assets, serves more than 27,000 families and has 108 partner offices.
Carson has continued to grow this year, bringing on nine new firms in the first quarter of 2019 alone. Earlier this month, Carson announced that two wealth management firms with $200 million in combined AUM would join the firm. Carson is also building a new $80 million headquarters in Omaha, with the first of two development phases scheduled to be completed by the end of 2020.
The firm also announced today that Vice President of Executive Business Consulting Alex Rodawig would lead Carson Wealth’s 100% owned offices and the Carson Wealth Division, while Managing Partner Paul West would supervise Carson Wealth's Private Client Services.