Diachok’s nephew, Ryan Diachok, current president of Geneos, has taken over the CEO duties.
Russell Diachok, who co-founded Denver-based independent broker/dealer Geneos Wealth Management with his father in 2002, has retired from his role as chief executive of the firm, which has more than 280 advisors and revenues of $130 million. Diachok’s nephew, Ryan Diachok, current president of Geneos, has taken over the CEO duties.
The succession was executed via an internal buyout. Geneos’ holding company will purchase a portion of Russell’s shares and retire them. He keeps some stock in the company and a seat on the board of directors. The firm will introduce an annual share buyback program next year. Geneos is privately held, one of a few remaining in the broker/dealer world.