FactRight LLC, a provider of financial due diligence and risk management services for the alternative investment industry, announced that key members of its senior management team have purchased the company.
In addition, Gail Schneck, who served as chief operations officer of FactRight’s FR Risk Management unit, was named chief executive officer and will provide strategic leadership and direction to FactRight’s staff, and advice and perspective to its clients. Schneck is a 15-year veteran of the alternative investments industry and has been with the FactRight since 2012.
The new owners are also assuming new leadership roles within the company:
- Gail Schneck, chief executive officer
- Jacob Heidkamp, co-president
- Russell Putnam, co-president
- John Paliotta, chief business development officer
- Brandon Raatikka, chief operating officer
- Kemp Hanley, chief financial officer
Steve Fischer, FactRight’s founder, board chair and out-going chief financial officer, will remain with the company in an advisory role.
“I am excited and honored to embark on this new role and lead FactRight through the next phase of our journey,” said Schneck. “We are committed to bringing the wealth management community the highest quality independent due diligence and consulting.”
FactRight also announced the return of Jacob Heidkamp to FactRight’s leadership team. He rejoins from Buttonwood Due Diligence LLC, where he served as general counsel.
Established in 2006, FactRight is a third-party due diligence firm specializing in assisting broker-dealer and registered investment advisors in making alternative investment decisions. The company’s risk mitigation and investment professionals include certified public accountants, attorneys, chartered financial analysts, and certified financial planners.