Stagnant assets and a series of executive changes at The Presidio Group, a $3.5 billion wealth management firm in San Francisco, have put expansion plans on hold and left the firm working to rechart its course.
Co-founder Brodie Cobb, who suffered a devastating hip injury in a 2012 bicycle accident, underwent surgery and earlier this year relinquished his chief executive role to private equity head Karl Schade. Since then, the firm has undergone several executive changes:
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