Allison Felix has been promoted to president and principal of Cassaday & Co., an independent wealth management firm with $2.7 billion in assets under management based in McLean, Va.
Felix joined Cassaday & Co. in 2001 as an executive assistant. Upon acquiring her MBA in 2011, she became the firm’s first COO, having previously served as director of business management.
She previously was chief operating officer of the firm and will retain those duties. She succeeds Stephan Cassaday, the organization’s founder and current president, who will transition to chairman and remain as CEO.
