Nancy Rizzuto is a founding partner and principal of Capital Strategies Investment Group, a firm that specializes in helping organizations and individuals manage their investments and retirement programs.
The investment group was formed in 2003 in Oakbrook Terrace, Illinois., and recently opened a satellite office in Jupiter’s Harbourside Place development.
Two of the three founding members of Capital Strategies are women, a composition that Rizzuto said sets the group apart from other firms. In 2015, Capital Strategies launched a Women’s Forum program in an effort to engage and empower other women.
The next forum will be held on Aug. 23. The topic is “Eat Well. Feel Well.” Tickets to the event are $30.
Name: Nancy Rizzuto
Hometown: East Hills, New York
Where you live now: Hobe Sound and Chicago
About your company: Capital Strategies Investment Group LLC is an independent registered investment adviser that provides asset management, fiduciary investment and retirement consulting to institutions, and private wealth advisory services to individuals and families. We are a fully independent firm, meaning, neither our firm nor any of the associates we employ have an affiliation to any other financial institution. We have been a fiduciary to every client we serve since we began in business in 2003.
Two of the three founding partners of our firm are women and, today, half of the principals of the firm are women, which is rare in the investment advisory industry. To us, this is a call to action and a responsibility to help other women succeed.
To align our belief with action, we formed the Capital Strategies Women’s Forum in May 2015, and today we reach thousands of women here in South Florida and Chicago. Women ranging from emerging leaders to executives, ages 30 through 60+, and in varied industries and professions. Capital Strategies Women’s Forum is a catalyst to engage women in owning and acting on their power, and to support their success personally, professionally and financially.
How your business has changed: When we started our business in 2003, to us, it was essential to be an independent fiduciary advisor and focus holistically on the success of our clients, not just on managing their investments. This is an unwavering constant, and while more advisors are adopting this model, we have always operated this way. Every client, every investor, should understand the importance of a fiduciary relationship, so we help clients understand the value proposition of working with a fiduciary advisor.
Technology is changing client expectations for information and real-time responses to global events. We have better analytics, as well as tools, to make information available and easily accessible to institutional and individual clients on a real-time basis.
Today, clients are seeking more transparency and understanding about fees and services. We spend more time helping clients understand their fees and how fees erode their wealth and reduce the impact of their legacy.
First paying job and what you learned from it: When I was 15, I scooped ice cream and eventually waitressed at Good Old Time Ice Cream Parlor in Roslyn, New York. Having to balance high school, sports and leadership activities with work, I learned the importance of being organized, working hard, getting along with people and why a good night’s sleep is a lifesaver.
First break in the business: While working in Manhattan, I convinced a businessman to hire me after only having met me one day for a period of three hours, and having no knowledge of his business. He was a very successful entrepreneur, having started his own consulting firm in 1965 out in Seattle and ultimately, established 11 offices throughout the country. Together, we successfully formed the 12th office in Manhattan. This break was the channel that eventually introduced me to my two business partners.
Best business book you ever read: “Mindset” by Carol Dweck.
Best piece of business advice you ever received: Never give up.
What you tell young people about your business: That taking a risk and a leap of faith to start our business, based on our own values and beliefs, was one of the best decisions I have ever made. My partners and I knew exactly what we wanted to be (and what we didn’t want to be), and controlling our own destinies was essential. Showing up 100 percent and delivering excellence every day is embedded in our DNA, and answering to only one constituency, our clients, is nonnegotiable. To have an idea and vision, and to make it happen, is powerful and life-changing.
What do you see ahead for Palm Beach County? I see continued growth for both businesses and job opportunities, as well as enhanced quality of life for residents. Palm Beach County is becoming a principal destination for people moving to the Sunshine State, and I’ve witnessed a county government focused on building awareness and making the investment to attract businesses and professionals. It’s also inspiring to see how committed the county is in engaging its residents, collaborating on civic opportunities and enhancing the quality of life across the county. Of course, this doesn’t happen overnight, it’s a process, but I am so encouraged that people are coming together for the common good of everyone living and working here. .
Where we can find you when you are not at the office: Loving on Chauncey Sinclair, my 5-year-old Havanese, improving my yoga poses and spending time outside.
Favorite smartphone app: Insight Timer, a great meditation app.
What is the most important trait you look for when hiring? It’s a toss-up between curiosity and work ethic.