CapAcuity, a leading executive benefits consulting, investment advisory and asset management firm, announced that David W. Stecher has joined the firm as Managing Director. Mr. Stecher will consult with executive benefit plan sponsors to provide creative and cost-effective solutions to address the changing executive benefit landscape. His responsibilities will also include further expanding the firm’s distribution partnerships and strategic initiatives.
“Dave is a recognized thought leader in the field of executive benefits, and he and I have had a successful relationship for over 15 years,” CapAcuity CEO Peter Cahall said. “His leadership and expertise in non-qualified deferred compensation plans will be a tremendous asset to our clients and partners.”
Most recently, Mr. Stecher led the consulting practice for executive benefits of both NFP Retirement and sister company Retirement Plan Advisory Group. His focus was on “best practices” in contemporary plan design; plan funding, cost controls and value generation; and communication and education. Before joining NFP in 2010, Mr. Stecher served as executive vice president for Retirement Capital Group; as a tax and auditing accountant for KPMG Peat Marwick; and as EVP and head of West Coast operations for AXA Advisors’ executive benefits group.
“I’m very excited to join Peter and his team at CapAcuity,” Mr. Stecher said. “No group is better equipped to assist clients in navigating the recent changes impacting plan sponsors and their plan participants. I look forward to working with CapAcuity to help ensure that plan sponsors are aware of the impact of the latest tax, regulatory, and pricing developments affecting their plans.”
Cahall agreed, noting that the executive benefits landscape has changed significantly—with new tax laws, reductions in investment product costs, increased expectations for pricing transparency, and heightened focus on regulatory compliance. “At CapAcuity, we recognize these trends and their impact—and through the innovation and leadership of Dave and our other team members, we can help materially improve financial results for plan sponsors, and enhance retirement outcomes for plan participants.”
Mr. Stecher earned his bachelor’s degree in accounting from the University of Delaware, and his master’s degree in taxation from Widener University in Philadelphia. He holds a wide range of certifications, including CPA, CFP, CLU, and ChFC, as well as Series 6, 7, 63, 65 and 24 registrations. He is a prolific writer on industry issues, and the past chair of numerous civic organizations.