Multifamily Office CEO Named CFP Board Chair-Elect

The CFP Board has tapped the top executive of a multifamily office as its 2016 leader.

Processing Content

The group announced on Wednesday that Joseph Votava Jr., chief executive of Seneca Financial Advisors, has been elected to serve as its 2015 chair-elect.

Votava will begin his duties on Jan. 1, taking over from Rich Rojeck -- who in turn will then take over the chairman's seat from its current occupant, Ray Ferrara. Typically, the board's chair-elect becomes chairman the following year.

Prior to his 2010 arrival at Seneca, which has offices in Washington, New York City and Rochester, N.Y., Votava spent 25 years at the law firm Nixon Peabody, where he founded a subsidiary called Nixon Peabody Financial Advisors.

Votava was also previously a certified public accountant at Coopers & Lybrand.

"Between the launch of the latest phrase of the Public Awareness Campaign and the Women's Initiative (WIN) to increase the ranks of female CFPprofessionals, CFP Board has taken on some exciting initiatives to foster the growth and advancement of our profession," said Votava in a press release announcing the move. "I am honored to help lead CFP Board."

"Joe has already made a significant impact on the financial planning profession through his efforts to raise awareness of the profession and advocate on behalf of it," Ferrara said in the press release.

Votava has held several leadership positions within the industry, including terms as chairman for both the FPA's national board of directors and the National Endowment for Financial Education's board of trustees. He also has held leadership posts with FPA's International Advisory Council and the CFP Board's Public Policy Council.

Read more:


For reprint and licensing requests for this article, click here.
RIAs Financial planning
MORE FROM FINANCIAL PLANNING

Compensation differences between wirehouses and regional firms become pronounced at the $2 million production level, with regionals rising to the top of the pay scale and wirehouses grouping together at the bottom.

2h ago
1 Min Read
2026-2M.jpg

A report from the industry tracking-firm DeVoe & Co. finds that 2026 is off to the strongest start for RIA acquisitions ever and broker-dealers like LPL are among the main purchasers.

April 16
4 Min Read
Marty Bicknell.PNG

While the megabank had previously announced an executive shakeup, it revealed that Pershing is part of a newly combined business line moving forward.

April 16
5 Min Read
A Bloomberg News image displays the corporate logo of BNY at the company's headquarters.

When it comes to compensation, firms really start to distinguish themselves at the $1 million production level. Janney has become one of the lower payers in recent years, while RBC and UBS have signaled a greater willingness to work with these advisors.

April 16
1 Min Read
2026-1M.jpg

CEO Brian Moynihan said the firm recruited twice the number of advisors it did a year ago and is making progress fighting advisor attrition.

April 15
1 Min Read
Day Three Of World Economic Forum (WEF) 2026

Behavioral finance expert Tim Maurer shares how planners can adjust their language and approach to help clients move toward their goals.

April 15
6 Min Read
Tracking the gap between how planners and clients view their relationships