No shell game
Henrico consulting firm has big growth plans
By Sheetal Babu, Special to the Citizen 08/25/11
Despite the challenging economic climate, a Henrico-based financial services consulting firm is moving forward with aggressive expansion plans.
With the addition of two new financial executives and an upgraded office space, Oyster Consulting is focused on assisting its clients with efficiency and business growth. The firm takes financial services firms under its wing to nurture business growth by providing audit, compliance, financial, operational and technology consulting.
Oyster assists broker/dealers, investment advisors, hedge funds, mutual funds, exchange-traded funds and private equity firms to create “simplicity in a complex environment,” according to managing director and founder Buddy Doyle.
Doyle is confident that Oyster will be able to maintain both its high quality and service as it expands.
“We have built a company specifically designed to achieve these satisfaction levels, because we believe they are the foundation of lasting, meaningful strength,” Doyle said. “We want to be a consistently profitable organization that develops a loyal client and employee base through the integrity of our associates and the quality and value of our advice and tools.”
Doyle, Patrick Dennis and Rob Hall founded the firm in October 2008. The trio previously worked with Wachovia Securities, but after that company purchased AG Edwards and moved its headquarters from Richmond to St. Louis, Doyle, Hall and Dennis gravitated toward a different ambition.
“While we started out as a compliance-consulting firm based on our backgrounds, we had the vision of creating a firm that comprehensively supports wealth management firms,” Doyle said. “Since then, we’ve attracted the highest quality consultants: both former Wachovia Securities colleagues and professionals from other firms.”
Currently, Oyster Consulting employs 35 consultants located in Richmond, Charlotte, the Washington, D.C. area, New York, Pennsylvania and Oregon.
In addition to adding training resources, relationship management and a sales force, Oyster Consulting also relocated recently to Innsbrook. Its 8,000 square feet of space will allow the team to accommodate more employees. In fact, during the next 12 months, Doyle expects the firm to surpass the 100-employee level.
“While some folks think we are experiencing pretty rapid growth, we feel as though we are just adding the resources we need to get going,” he said. “We are looking for exponential growth and our plan looks at the right time to add to marketing, sales, support, training and technology to support that growth.”
The two newest members to join the Oyster team, Paul F. Costello and Ann M. Griffith, were chosen for their experience in the financial industry and their leadership skills. Costello will handle strategic consulting and business development support, while Griffith will oversee regulatory compliance implementation and testing.
Griffith’s experience comes from serving 20 years as a director and in-house counsel at World Bank’s International Finance Corporation, Financial Industry Regulatory Authority (FINRA), U.S. Securities and Exchange Commission (SEC) and Credit Suisse Securities. Costello brings Oyster more than 30 years of leadership experience from his past positions as president and CEO of the First Variable Life Insurance Company; president of Mentor Family of Mutual Funds; president and CEO of First Clearing LLC; president of Business Services Group; COO, Wachovia Securities; and founding principal of Onyx Associates, LLC.
The firm’s consultants believe that its depth and breadth of services add value to its clients, Doyle said.
“You see a very diverse background from within wealth management. All come together as a team with over five centuries of combined experience to help our clients protect their firms, create efficiency and focus on growing their business,” he said. “Oyster is a boutique consulting firm that combines the sophistication, knowledge and experience of a big firm with the flexibility, service and costs of an entrepreneur.”
By Holly Speck and Hannah Matheson, Capital News Service 02/24/2017 General AssemblyGeneral Assembly 2017
Senior students at Glen Allen High School will get a personal touch when studying elections with their AP government teacher.
That teacher, Schuyler VanValkenburg, recently announced his intention to seek the Democratic nomination for the 72nd District seat in the House of Delegates. If he earns the nomination, he will run against Del. Jimmie Massie, R-Henrico, who has been unopposed for 10 years.
VanValkenburg, a 2004 University of Richmond alumnus who majored in history, is running for office for the first time. Although he has lived in Richmond since he began his undergraduate studies, aside from one year spent in Seattle, he said he never felt it was his time to run. > Read more.
School and business leaders from around the region, including (pictured, from left) Simon Hodges of Dominion Resources, Daphne Swanso(president of Junior Achievement of Central Virginia) and Henrico County Manager John Vithoulkas, gathered at Libbie Mill Library Feb. 23 for the Junior Achievement Finance Park construction kickoff. > Read more.
Finishing a day early, House and Senate negotiators agreed on a budget Wednesday that includes employee pay raises and more money for K-12 education and mental health.
The negotiators presented their budget to their fellow lawmakers in time for the required 48-hour review, which could be completed by Friday night with a chance to adjourn their 2017 session before Saturday’s target date.
Republican leaders in the House and Senate praised the spending plan’s conservative fiscal policies. > Read more.
A section of Charles City Road, from Lewis Road to South Airport Drive, will be closed beginning Sunday, Feb. 26 as part of a project to widen and improve the road.
The Henrico County Department of Public Works expects the closure to last for a few weeks.
Westbound traffic on Charles City will be detoured around the work zone by way of South Airport, Seven Hills Boulevard and Laburnum Avenue. > Read more.
By Rodrigo Arriaza and Maura Mazurowski, Capital News Service 02/24/2017 General AssemblyGeneral Assembly 2017
Officials with the American Civil Liberties Union called on Gov. Terry McAuliffe on Wednesday to veto Republican-backed legislation banning local governments in Virginia from designating themselves as sanctuaries for undocumented immigrants. They also said they plan to fight federal and state policies that they believe violate immigrants’ rights.
At a news conference, representatives of the ACLU of Virginia and other civil rights organizations criticized anti-immigrant measures passed by the General Assembly. They also condemned the recent spike in deportation raids on immigrant communities in Virginia by federal Immigration and Customs Enforcement, as well as President Donald Trump’s recent executive order banning immigrants from seven mostly Muslim countries. > Read more.
St. Joseph's Villa’s Flagler Housing & Homeless Services was one of three entities to earn the National Alliance to End Homelessness' Champion of Change Award. The awards were presented Nov. 17 during a ceremony at the Newseum in Washington, D.C.
NAEH annually recognizes proven programs and significant achievements in ending child and family homelessness.
Flagler completed its transition from an on-campus shelter to the community-based model of rapid rehousing in 2013, and it was one of the nation's first rapid re-housing service providers to be certified by NAEH. > Read more.
Richmond International Raceway's 13th annual Community Christmas tree lighting has been rescheduled from Dec. 6 to Monday, Dec. 12, at 6:30 p.m., due to inclement weather expected on the original date.
Entertainment Dec. 12 will be provided by the Laburnum Elementary School choir and the Henrico High School Mighty Marching Warriors band. Tree decorations crafted by students from Laburnum Elementary School and L. Douglas Wilder Middle School will be on display. Hot chocolate and cookies will be supplied by the Henrico High School football boosters. > Read more.
Given the warm weather lately, Saturday’s RVA Polar Plunge Winter Fest, benefiting Special Olympics Virginia, might actually be enjoyable! Other weekend events you’re sure to enjoy include the 14th annual Richmond Kids Expo at the Richmond Raceway Complex, the Richmond Symphony and The Taters in concert at The Cultural Arts Center at Glen Allen, and the Richmond Ballet Minds in Motion Team XXL performing at the Henrico Theatre. This is also the last weekend to check out HATTheatre’s production of “Bill W. and Dr. Bob.” For all our top picks this weekend, click here! > Read more.
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CalendarThe Modlin Center for the Arts at the University of Richmond will present the Shanghai Quartet with Wu Man on pipa Feb. 19 at 7:30 p.m. in Camp Concert Hall, Booker Hall of Music. This program showcases their exceptional stylistic range with selections from “China Song” by the Shanghai’s own second violinist Yi-Wen Jiang; “Song of the Ch’in” by Zhou Long; and “Red Lantern” by Zhao Lin, derived from Zhao Jiping’s “Raise the Red Lantern.” The program concludes with Tan Dun’s “Concerto for Pipa and String Quartet.” Tickets are $36. A pre-show Artistic Viewpoint Discussion will be held at 6:30 p.m. Wu Man will give a pipa demonstration and discuss her musical background Feb. 20 at 3 p.m. in Boatwright Library. For details, call 289-8980 or visit http://www.modlin.richmond.edu. Full text