Flood, Bumstead, McCready & McCarthy, Inc., (FBMM) has elevated existing owners to more clearly defined leadership roles in the strategic oversight of the firm, to guarantee continuity of its clients’ financial management and security for decades to come. Previously, the owners and business managers did not use formal titles.
Julie Boos has been named Chairman, and will oversee and optimize the firm’s resources and client services. Jamie Cheek, President, will set the vision for the company’s continued growth and excellence. Duane Clark, Vice Chairman, will lead FBMM’s strategic plan implementation. Carmen Romano, Vice President and head of the firm’s New York office, will be dean of the firm’s learning and teaching academy, part of a commitment to teach future generations of FBMM leaders. Trey Dunaway, CFO, will also serve as treasurer and chief of compliance.
Founding owners Chuck Flood, Frank Bumstead and Mary Ann McCready will advance their roles as full-time business managers for their clients and be actively involved on boards including the Country Music Association, Country Music Hall of Fame, Memorial Foundation, Brookdale Senior Living, Nashville Wire Products, Country Radio Broadcasters and advocacy for the W.O. Smith Music School.
FBMM opened its doors in 1990, and its founding owners designed the firm’s succession plan in 2000. This commitment to succession planning early on in the company’s history was undertaken by founding owners Chuck Flood, Frank Bumstead and Mary Ann McCready in order to ensure that FBMM clients have a consistently rich mix of excellent business managers and financial resources available to provide counsel through the years ahead. This commitment to the long-term support of its clients, along with a focus on cultivating opportunities for staff members to grow as leaders inside the firm, is a tenet fundamental to FBMM’s original mission.
“Our longstanding clients and their other advisers want to know that the artists are, in word and deed, taken care of for the rest of their lives,” said Mary Ann McCready, founding owner of FBMM. “Chuck, Frank and I all feel strongly that the firm’s fiduciary and diligent oversight is independent of any one, two or three individuals. Nothing is more important than our clients’ financial well-being, so we purposefully selected a formidable team of passionate leaders and trusted advisers to next govern FBMM.
“These leaders are among the most highly regarded business managers in our industry and have worked with us to steer FBMM for a number of years,” McCready added. “Together, we created a collaborative team of professionals who have a deep understanding of our industry and will achieve the most advantageous results for our clients for generations to come.”
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