Bolton Global Capital announces a new chapter in its leadership as the company celebrates 40 years in business.
“Ray Grenier, who has served as CEO and driven Bolton’s exceptional growth, will assume the role of Chairman. Succeeding him as Chief Executive Officer is Steve Preskenis, who has served as President and General Counsel for 18 years“, the firm says.
In addition, Matt Beals, a key contributor to Bolton’s operational and technological success since 2006, has been appointed President and Chief Operating Officer.
Matt Beals, New COO at Bolton Global Capital
During its 40 years of operation, Bolton has survived multiple boom and bust cycles as well as industry consolidation and is now ranked among the 25 largest independent broker dealers in the US, the firma says in a press release.
“Our goal is to remain independent.” said Ray Grenier. “Steve’s exceptional skills, deep industry knowledge, and leadership experience make him the ideal person to take the company into the future. I have every confidence that he will continue to elevate Bolton’s position as a leader in the wealth management industry,” Grenier adds.
Steve Preskenis, a graduate of Fairfield University and Suffolk University Law School, stated “I am honored to step into this role and continue building on the strong foundation that Ray has established,” said Preskenis. “I look forward to working with our talented team to ensure Bolton remains independent and focused on delivering exceptional value to our advisors and clients.”
Joining Preskenis in the executive team is Matt Beals, who has been promoted to President and Chief Operating Officer. Beals has been with Bolton since 2006, spearheading technological advancements and operational efficiencies that have solidified the company’s industry-leading position in revenue per employee. “Matt’s innovative vision and operational expertise have been instrumental in our success,” noted Ray.
Beals, a graduate of the University of Massachusetts with an MBA from the Isenberg School of Management, added, “I’m excited to take on this expanded role and continue driving Bolton’s growth through technology and operational excellence. Together, we will ensure Bolton remains the premier destination for top advisors.”
Under the leadership of Preskenis and Beals, Bolton has achieved over a tenfold increase in revenues and assets under management—all without external capital from banks or private equity firms. This self-funded growth underscores the company’s commitment to independence and long-term stability, the press release adds.
“As I transition into the Chairman role, I am thrilled to entrust Bolton’s future to this next generation of exceptional leaders,” said Grenier. “Their talent, vision, and dedication will ensure we continue to thrive while maintaining our focus on quality and independence.”
The Bolton team remains dedicated to building on its legacy as a premium brand in wealth management, ensuring the highest quality service for its advisors and clients, the memo ends.
