Ex-Vanguard Strategist Launches Fractional CIO Firm for RIAs

Don Bennyhoff, formerly chief investment officer at Liberty Wealth Advisors and Vanguard senior investment strategist, has launched Bennyhoff & Co., a fractional, or contract, CIO business serving fiduciary registered investment advisors.

Bennyhoff said Thursday he created the firm to serve planning-centric RIAs who seek the benefits and expertise of a seasoned chief investment officer without the high costs of hiring one.

Bennyhoff, with over 30 years in financial advice and wealth management, co-created Vanguard Advisor’s Alpha, a service designed to help advisors building their practices. He focuses on durable investment strategies and model portfolios, behavioral coaching and helping advisors simplify communications with clients.

“Bennyhoff & Co. aims to serve RIA firms where too few people are wearing too many hats. These are firms that want to dedicate more time to their clients, but are simply unable to because they’re spread too thin,” said Bennyhoff said.