No shell game

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.”
Bail Bonds Chesterfield VA

Rolls-Royce supplier lands in Henrico


A United Kingdom-based supplier for Rolls-Royce has established an office and manufacturing center at the Byrd Industrial Park in Eastern Henrico, the Greater Richmond Partnership announced July 18.

Erodex Ltd., a graphite products maker, recently signed a five-year agreement with Rolls-Royce to supply goods to the automotive company's Crosspointe campus in Prince George, Va. Erodex invested $2 million and hired four to quickly ramp up production for its client. > Read more.

New Walmart opens in Eastern Henrico


JULY 19, 7 A.M. – Eastern Henrico's first Walmart Supercenter opens to the public today at 5001 Nine Mile Road. The store, which occupies about 190,000 square feet and employs about 300 people, is located at the site of the former Fairfield Commons Mall, which is now known as Eastgate Town Center. > Read more.

Unattended oily rags cause fire in commercial building near Richmond Raceway


Unattended oily rags that spontaneously combusted caused an early morning two-alarm fire Tuesday in a commercial building in the 3800 block of Carolina Avenue, across from Richmond Raceway.

Henrico firefighters were called at about 5:10 to respond to reports of smoke coming from the building. Once they arrived five minutes later, they found thick smoke pushing from the rood on two sides of a warehouse whose tenant specializes in woodworking and hardwood floors. > Read more.

Crime Stoppers’ Crime of the Week: July 17-23, 2017


Crime Stoppers needs your help to solve a Hit & Run in the City of Richmond.

The crime occurred in the Carver neighborhood at the intersection of West Broad and Goshen Streets, around 6:45 p.m. on Sunday, May 7. Officers were told the victim was on his motorcycle and traveling westbound on West Broad Street. > Read more.

Henrico County property transactions, July 3-9


A sample of property transactions during this period appear below:

5304 Coxson Rd. – $126,500, 1,819 SF (built in 1953), from Madeline M. Weaver to Kyle and Aja O. Powers.

2451 Yarnell Rd. – $140,700, 1,196 SF (built in 1972), from Albert C. and Mary E. Nolan to Albert C. Nolan Jr.

909 Bowitch Ct. – $194,500, 1,824 SF (built in 2001), from Agnes H. Jones to Mark A. Dawkins. > Read more.

Henrico Business Bulletin Board

July 2017
S M T W T F S
·
·
·
·
·
·
3
5
·
·
·
·
·

Calendar page

Classifieds

Place an Ad | More Classifieds

Calendar

The Senior Film Series at Sandston Library continues from 2 p.m. to 4:30 p.m. with “Theremin” (1993, PG, 85 minutes). The movie is based on the book, “Us conductors: in which I seek the heart of Clara Rockmore, my one true love, finest theremin player the world will ever know: a novel” by Sean Michaels. Coffee and snacks will be provided. For details, call 501-1990 or visit http://www.henricolibrary.org. Full text

Your weather just got better.

Henricopedia

Henrico's Top Teachers

The Plate