Rocco & Associates founder to step down as son takes helm

Fairfield-based Rocco & Associates Wealth Management recently named Charlie Rocco, son of founder and company president Joe Rocco, its next president and chief operating officer, effective Feb. 1.

Joe Rocco will now serve as CEO, a newly created role, and step down from the day-to-day management of the firm to focus on working with clients, according to a Rocco & Associates press release.

The company said the change in management is part its plan to transfer the 40-year-old wealth management firm to the next generation and establish long-term stability for clients.

Charlie Rocco, who served as vice president of strategic development, has been with the firm for three years.

Eric Johnson, the firm’s director of business development, will be promoted to vice president and serve on the firm’s executive committee.

“After 40 years of running a small business serving our community, I am excited to take a step back and focus on what I love to do: helping clients fulfill their financial aspirations and prepare for the future,” Joe Rocco said in the press release. “This is the next generation”™s company; Charlie and my son-in-law Eric have done a great deal to get our firm ready for the future and make sure we will be around for another 40 years.”