Ivory Wealth Management names Steven DeMartino COO and CFO

Ivory Wealth Management said Steven DeMartino will join the Connecticut-based firm as chief operating officer and chief financial officer on Oct. 1, 2026. The hire adds a former TransAct Technologies president and CFO as Ivory expands its advisor base, client footprint and retirement plan business.

Why it matters: - Ivory Wealth Management is adding a seasoned public-company finance executive as it scales its advisory business and operational platform. - The move signals a push to strengthen financial controls, operating discipline and succession planning during a period of expansion.

What happened: - Ivory Wealth Management said Steven DeMartino, CPA, will join the firm as chief operating officer and chief financial officer effective Oct. 1, 2026. - DeMartino is a former president and chief financial officer of TransAct Technologies Incorporated, where he spent most of his career. - Ivory Wealth Management is based in Essex, Connecticut, with another office in Huntington, New York.

The details: - DeMartino brings three decades of public-company financial leadership to the role. - At TransAct Technologies, he oversaw finance, operations and corporate strategy for the publicly traded technology manufacturer. - In his new role, DeMartino will lead Ivory Wealth Management’s finance function, operational infrastructure and scaling strategy. - His responsibilities will also include financial reporting and controls, operational efficiency, advisor economics and growth and succession planning. - Ivory Wealth Management advises on client assets across its wealth management and employer-sponsored retirement plan practices. - The firm serves clients nationwide from its Connecticut and New York offices. - DeMartino has an MBA in finance and information technology from the University of Connecticut School of Business. - He also holds a bachelor’s degree in economics and accounting from the College of the Holy Cross, where he graduated cum laude, was elected to Phi Beta Kappa and played varsity baseball. - DeMartino lives in Durham, Connecticut, with his wife, Kristen.

Between the lines: - Charles Crilly, president of Ivory Wealth Management, framed the hire as a sign that the firm wants its internal platform to keep pace with client growth. - DeMartino said he sees an opportunity to bring public-company rigor to the operating side while the advisory team stays focused on clients. - The appointment comes as independent wealth managers compete for advisors and clients while trying to preserve culture and service quality.

What's next: - DeMartino is set to step into the COO and CFO roles on Oct. 1, 2026. - Ivory Wealth Management said the hire will support continued expansion of its advisor base, client footprint and succession planning efforts. - More information is available in the company's announcement at Learn more.