About eCIO

All Nonprofits Should Have Access to High-Quality, Low-Cost Investment Management

United by a common interest in creating innovative, client-centric solutions for under-served investors, our team came together and founded eCIO to democratize institutional, low-cost investment solutions. By utilizing the latest technology, investment programs once reserved for only very large institutions are now accessible to nonprofits of any size.

With decades of experience in the investment management industry, our team built eCIO to solve these problems:

  • 92% of nonprofits are small¹ and have limited investment advisory options 
  • 1.34% is the average investment fee paid by nonprofits with < $25 million²
  • 46 year average annual returns of endowments with  <$25 million have underperformed their benchmarks³

eCIO is privileged to partner with many amazing foundations, endowments, and nonprofits that support inspiring missions critical to the well-being of communities around the world. We offer a holistic approach to serving nonprofit organizations that goes beyond asset management. Our team partners with your organization to provide not only a customized investment solution, but also valuable services to help you grow your financial resources and to serve your board or oversight committee.

In addition to our professional commitment to nonprofits, our investment advisors are all engaged personally in supporting nonprofit organizations as active members and board members.

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¹ Spend less than $1 million annually. www.nonprofitimpactmatters.org.
² Viewpoint: Counting the Cost”.  www.commonfund.org. March 30, 2017.
³ 1974-2019. “It’s Time to Replace the ‘Grossly Inefficient’ Endowment Model, Says Richard Ennis”, Institutional Investor. April 1, 2021.

Our Mission, Vision, Values & Beliefs

Our Mission:
To Empower Nonprofits to Do More by Maximizing Financial Resources
Our Vision:
All Nonprofits and Their Boards Have Access to Superior, Cost-Effective Investment Solutions and Fiduciary Practices, Thereby Enabling Them to Achieve Their Missions
Our Values & Beliefs:
  • Client financial interests come first
  • Technology reduces costs & enables access
  • Transparency & accountability are key
  • Always seek to simplify complex issues
  • Give back and make a positive impact

Meet the Team

eCIO has assembled a world-class team of investment and technology experts to bring low-cost investment and board management solutions to nonprofits.

Rob Roquitte, CFA | CEO

Rob has 30 years of investment experience serving in business development, client servicing, portfolio management, and department oversight roles. At eCIO, he leads our team of talented investment and technology professionals delivering state-of the art solutions to institutional investors and other financial services firms. Rob serves as an Investment Advisor to our clients, developing investment strategy, overseeing portfolios, and communicating with investors. He also chairs our investment committee.

Rob has held senior level positions with large money management organizations, where he has sought out entrepreneurial roles including establishing new products and markets, opening new office locations, and maintaining P&L responsibilities. Prior to launching eCIO, Rob established the Outsourced Chief Investment Officer (OCIO) practice for Madison Investments focused on serving larger non-profit organizations. He was also a founder and lead portfolio manager of the small cap portfolio management team at Allegiant Asset Management, which was later acquired by PNC Bank. In Rob’s first entrepreneurial role, he established and built a regional pension consulting office in Chicago which was later acquired by Empower Retirement.

Rob is actively involved in his community serving on two institutional investment committees for nonprofit organizations (including chairing the endowment/finance committee). He received a BSBA in Finance and Marketing from the University of Denver and his MBA in Finance and Economics from the Booth School of Business at the University of Chicago. Rob also holds the Chartered Financial Analyst (CFA) designation.

Clark Huang | CTO

Clark has 20+ years of experience in software development, information technology, and technical operations -- with 15+ years experience as a technology executive and entrepreneur. At eCIO, he coordinates efforts around our investment management technology development and overall technical operations. Clark is regularly plugged into our enterprise solution partnership opportunities and looks for ways to integrate with best of breed solutions that complement our platform offering.

Along with starting eCIO with Rob, he was a co-founder of two successful venture-backed technology businesses: PropertyBridge which received $2.2 million in Series A funding and sold to MoneyGram International after 2 years for $28 million, and Marqeta which received over $500 million of total funding, currently valued at over $10 billion and a fintech unicorn. Clark was also an early employee and shareholder of Financial Information Technologies, a payment and data solution in the regulated alcoholic beverage industry, where he served as Chief Information Officer, and received private equity capital infusions from TA Associates and Luminate Capital Partners in 2018, valuing the company at over $400 million. Prior to eCIO, he served as Chief Technology Officer at sticky.io which provides a subscription billing platform for merchants and advertisers.

Clark is a Certified Scrum Master and Scrum Product Owner leading agile product development teams for the last 12 years. He has several patent and patent pending applications through his startup endeavors and holds a Computer Science degree from the University of California, Berkeley.

  • (314) 798-5800
  • courtney@getecio.com
  • LinkedIn
Courtney Dean | CRO

Courtney brings over 25 years of experience in the investment management industry to her role as Chief Revenue Officer where she is responsible for client acquisition and retention. She also serves as an Investment Advisor to our clients, developing investment strategy, overseeing portfolios, and communicating with investors and is a member of the Investment Committee.

Courtney has held principal positions in business development and client service with extensive operating and sales experience building and delivering relevant investment solutions to investors in high net worth, institutional and advisory market segments. Following a sales management role at Lazard Asset Management, she was a co-founder of NorthRoad Capital Management, an international and global equity investment manager, which she and her partners sold to Madison Investment Advisors, where she held senior business development and client service positions.

Courtney has a BA from Colgate University and an MBA in Finance from New York University's Stern School of Business. She is a member of Nonprofit Missouri and St. Louis Women in Investments and an active volunteer in her community.

Phil Waara, CIPM | COO

Phil has over 10 years of investment experience serving in client acquisition, client servicing and investment management roles. He has extensive experience helping nonprofit clients with their asset allocation, portfolio construction, investment policy statement, and accounting. At eCIO, Phil works closely with our nonprofit clients as an Investment Advisor creating customized portfolios based on their goals, portfolio needs, ESG restrictions and risk tolerance. He is also eCIO's Chief Compliance Officer and is a member of the Investment Committee.

Prior to eCIO, Phil was a key driver in the creation and success of the Outsourced Chief Investment Officer (OCIO) practice at Madison Investments focused on serving larger nonprofit organizations. He also worked closely with investment teams at Wells Capital Management creating strategy language for large client acquisitions. Phil's entrepreneurial experience started at an early age since his family-owned and operated one of the most successful restaurant businesses in Michigan.

Phil is also actively involved in the nonprofit community in Madison: he is a board member of Family Service Madison and a member of the Association of Fundraising Professionals (AFP). He graduated from Concordia University Wisconsin with a B.S. in Actuarial Science and a B.S. in Finance. Phil has earned the CIPM designation from the CFA Institute and is FINRA registered.

Tim Ivey | VP Marketing

Tim brings 20+ years of experience in product development and marketing to his role at eCIO where he helps introduce future clients to eCIO's innovative technology as VP of Marketing. Tim is also responsible for eCIO's creative assets, content strategy, and maintaining internal software.

Prior to eCIO, Tim worked as a frontend developer at Sticky.io with a focus on improving user experience and later on the product development team.

Tim has always had an entrepreneurial spirit and passion for connecting people with products. He has had the opportunity to work with many different companies, from startups to Fortune 100 companies on projects as simple as website design to major, top-secret, national product releases

Wade Wright | VP Engineering

Wade Wright has been working in the information technology and engineering field since 2013 with companies ranging from early-stage startups to Fortune 500. In roles such as Support Manager, Software Engineer, and Compliance Officer, Wade has worked in a variety of industries including eCommerce, internet service providers, automotive and financial services.

Wade's technical abilities span user interface and experience design, infrastructure, data service development in multiple languages, and quality assurance engineering. His core focus is on developing scalable and maintainable solutions and products allowing for application and team growth in a rapidly expanding field. Additionally, he is passionate about individual and team progress. As a Tampa native, he is also an avid fan of the Tampa Bay Buccaneers.

Jose Guzman | Senior Engineering

Jose Guzman has over 5 years of experience in software engineering and information technology. At eCIO Jose designs and develops features using various programming languages. Jose is also responsible for quality assurance and application stability and structure.

Prior to joining eCIO, Jose worked as a UX/UI engineer in the automotive and eCommerce industry. He also has experience as a freelance developer where he provided unique solutions to clients' individual needs.

Additionally, he also has experience in commodities trading and mathematics education.

Jose has a B.A. in Economics from Trinity College and a M.A from Western Connecticut State University. He enjoys snowboarding and is a big fan of the Golden State Warriors.

Ben Heidemann | Client Success & Product Manager

Ben has nearly 10 years of investment experience across various business development and client service functions including marketing, sales, investment research, data analytics and product development. At eCIO, Ben works closely with our nonprofit clients through onboarding and on-going servicing while also working with our technology team to ensure our offering continues to meet the needs of our clients.

Prior to joining eCIO, Ben led the Marketing, Investment Research and Communication team at Madison Investments. He also was part of the Global Product Information team at Principal Global Investors where he focused on RFP writing for institutional mandates.

Ben has a B.A. in Economics from the University of Wisconsin, Madison. He enjoys spending his free time fishing and playing golf while also rooting on Wisconsin sports teams.

Board of Advisors

Charlene Bonvissuto

Charlene Bonvissuto creates business and shareholder value through meaningful strategy development, transformational process change, and operational scale. Char is a catalyst; combining extensive industry knowledge and business acumen to motivate teams and realize revenue growth, profitability, and improved market position. Her proven track record of improving business performance has established Char as a widely recognized, results-driven executive.

In her most recent roles as Chief Operating Officer at Optum, a global health services, technology, and consulting company, Char was responsible for formulating business strategies and operational plans to ensure the growth, competitive positioning and operating performance of several businesses. During her career, Char has strategically positioned and executed several M&A transactions that created significant shareholder and industry value.

Prior to joining Optum, Char served as President and Chief Executive Officer of Focused Health Solutions; a private equity-owned Population Health Management company in Chicago, IL, where she had responsibility for business strategy, growth, value creation, and investor relations. Additional experiences include serving as Chief Operating Officer with Solucient, a private equity owned healthcare services company and completing a successful career with Ernst & Young’s healthcare consulting business where she rose to the level of Partner. Char holds a MSN from the State University of New York at Buffalo and a BS in Nursing from Niagara University. She serves on several non-profit Boards, including Habitat for Humanity, Multiple Sclerosis Foundation, and the Pantry of Broward County.

Byron Frenz

Byron L. Frenz is the founder of CW Technologies LLC which works with angel investors and venture capital firms to support business development of early stage companies. He is a partner in Wisconsin Investment Partners, an angel investment group. As a CPA and entrepreneur Byron provided tax and financial advisory services for companies active in medical services, import/export, and real estate development. He is a board member of several firms and the author of Strategic Risk Management for International Business Development. Byron received a BBA in Business Administration, a MS in Accounting and a PhD in Development Economics from the University of Wisconsin-Madison.

Alex Goldstein

Alexander Goldstein is an Entrepreneur and Investor based in Chicago. Alexander is a founder and Chairman of Eligo Energy, LLC, an alternative energy retailer based in Chicago, where he served as CEO of Eligo since its founding in 2012 through mid-2017. Before starting Eligo Energy, Alexander co-founded a Pangea Properties and CashNetUSA, now Enova International. Enova today offers financial services in over 30 US states and 4 countries, employing over 500 people.

Alexander in an angel investor and advisor to over 30 startup businesses, focusing on technology, and application of technology to finance, energy, and health.

Alexander Goldstein holds a Bachelor's Degree in Computer Engineering from the University of Illinois at Chicago. He is married and father to two young daughters.

David Quade

Dave Quade is an entrepreneur and business manager. He served as president of Monroe Truck Equipment where he and two partners purchased a manufacturer and value-added distributor and grew it to a regional concern with $250 million in sales before selling to private equity.

His prior experience is as a CPA in public practice.

Dave holds a BBA in Accounting from the University of Wisconsin-Madison. He and his wife, Marian, live in the Madison area and have four adult children.

Jay Sekelsky, CFA, CPA

Jay is currently a partner at Zermatt Investors, LLC, a private partnership that invests in early stage companies. He retired in September, 2018 from Madison Investment Advisors where he was the Chief Investment Officer. Madison manages over $17 billion in assets for both institutional and individual accounts. While at Madison, Jay also was a member of the Board of Directors and served on the both the Investment Strategy Committee and the Asset Allocation Committee. Jay holds a BBA and MBA degree from the University of Wisconsin and graduated from the Applied Security Analysis Program. Jay serves or has served on numerous corporate and non-profit boards, including:

  • West Bend Mutual Insurance Company
  • Intuitive Biosciences Inc.
  • Intellivist Inc.
  • American Family Children's Hospital Advisory Board
  • United Way of Dane County
  • Wisconsin School of Business Center for Professional & Executive Development
  • Edgewood High School Board of Trustees
  • Co-Chair of Ronald McDonald House Capital Campaign completed in 2019
  • Past Chair of the National Board of Directors for Wisconsin Alumni Association
  • University of Wisconsin Foundation and Alumni Association Board of Directors
  • Past President of the Board of Directors for The Road Home Dane County, Inc.
  • Past Chair of the Board of Trustees for United Way of Dane County Foundation