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Vacco named CEO of Confidential Planning

by Journal Staff

Date: 3/15/2017 at 11:31:7


SYRACUSE, N.Y. — Confidential Planning, an independent Syracuse–based financial-services firm, announced it has promoted Dario J. Vacco to CEO, effective March 1.

Confidential Planning is wholly owned by Pinnacle Holding Co., LLC — parent company of Pinnacle Investments, LLC.

Vacco has 10 years of industry experience and has been with Pinnacle since 2007, after graduating from SUNY Geneseo. He has been with Confidential Planning since its formation in 2008 and his team has been an “integral part of the company’s rapid growth and success,” according to a company news release.

Confidential Planning’s SmartChoice 403(b) retirement program is designed specifically for New York State teachers, administrators, and hospitals and will be Vacco’s primary focus in his new role.

Confidential Planning says it formed in 2008 to “capitalize” on the Department of Labor’s changing regulations on 403(b) plans that went into effect in January 2009.

“This company was formed with the goal of offering single low-cost, mutual-fund-based programs, much like a 401(k), to a world dominated by confusing and expensive annuity based options,” Vacco said in the release.

Pinnacle Holding Company is a Syracuse–based financial-services firm with businesses in brokerage, money management, employer-sponsored retirement plans, and insurance. It has more than $1.2 billion in assets under management.

 

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