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

A place to excel

It's no surprise when a business deal begins to take shape during a golf outing.

Perhaps less common is the business deal that percolates during a youth football practice. But such was the case for Varina District Supervisor Tyrone Nelson.

During a visit to former Varina High School football star Michael Robinson's football camp, Nelson was discussing with Robinson his excitement for the new Varina Library, whose opening last June was at that time forthcoming.
> Read more.

Business in brief


Long & Foster Real Estate recently named Amy Enoch as the new manager of its Tuckahoe office. Enoch brings more than 15 years of real estate expertise to her new position, and she most recently led Long & Foster’s Village of Midlothian office. Enoch has served in both sales and management positions during her tenure at Long & Foster. Prior to her real estate career, Enoch worked in information technology and hospitality. She is a graduate of Radford University, where she earned a Bachelor of Science degree in economics, English and history. Enoch has also received the designation of Graduate, Realtor Institute (GRI) from the National Association of Realtors, and this showcases her expertise in the fundamentals of real estate. > Read more.

Henrico recognized as a 2017 ‘Playful City USA’ community


A national nonprofit organization, KaBOOM!, has selected Henrico County as a 2017 Playful City USA community. The organization encourages communities to bring fun and balanced activities to children every day.

Henrico's selection is joined by the city of Richmond, town of Ashland, as well as the counties of Charles City, Chesterfield, Goochland, Hanover, New Kent and Powhatan. All of the localities make up the first region completely recognized through Playful City USA. > Read more.

Gallagher Foundation serves more than 14,000 teens in first year


In its first year, The Cameron K. Gallagher Foundation reached 14,000 teens through its programs from Spring 2016 to date. The foundation is dedicated to spreading positivity and erasing stigmas by educating and creating awareness on depression, anxiety and stress among teens. CKG delivers programs at schools, community events and its West End office.

“Students are in need of the information in the workshops, whether they know it or not, and they aren’t getting it anywhere else,” said Beth Curry, Director of Health and Wellness at The Steward School. > Read more.

Illegal voting in Virginia? Yes. Massive? Doubtful.


For years, Republicans have loudly proclaimed that voter fraud is widespread in U.S. elections – and just as adamantly, Democrats have insisted that such allegations are nonsense.

Last fall, a pair of groups supported by conservatives released a report with the sensational title “Alien Invasion in Virginia: The discovery and coverup of noncitizen registration and voting.” It said illegal voting is a “massive problem”:

“In our small sample of just eight Virginia counties who responded to our public inspection requests, we found 1,046 aliens who registered to vote illegally,” the study said. > Read more.

Henrico Business Bulletin Board

May 2017
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West Broad Village’s Rock & Roll Summer outdoor concert series continues at “The Pad,” adjacent to Aloft Hotel at 3939 Duckling Dr., from 7 p.m. to 10 p.m. Mashup Band will perform 80s, 90s and 00s mash-ups. The concert is free and open to the public. Several parking decks feature free parking. The series continues every other Friday through August. For details, visit http://www.shopwestbroadvillage.com or www.facebook.com/WestBroadVillageShopping. Full text

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