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Our Latest Thinking
SVB Collapse
Financial markets were shaken last week as Silicon Valley Bank (SVB), the California bank subsidiary of SVB Financial Group (SIVB), fell into FDIC receivership. SVB is the first FDIC-insured institution to fail since 2020 and [...]
Now Might Be a Good Time for a Roth Conversion
One silver lining in the current bear market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax [...]
Richard R. Kitick is a Senior Partner of OnPath Financial. He is the chairman of the OnPath Investment Committee and sits on the firm’s Financial Planning Board. Mr. Kitick also leads the service staff that assist and carry out the day to day operations of a financial services company. From trading to account management, the financial professionals and team members dedicated to client service is at the heart of OnPath Financial’s commitment to a seamless client experience.
Mr. Kitick joined OnPath Financial when the firm was founded in 2007 and rose to the level of Senior Partner in 2011. With a background in finance, Mr. Kitick’s focus within OnPath has been investment management with an eye on portfolio construction in the context of an individual’s overall financial plan. As OnPath Investment Committee Chairman, Rich oversees the research, development and implementation of investment ideas and principles into OnPath’s array of investment solutions. Mr. Kitick also maintains a CERTIFIED FINANCIAL PLANNER™ (CFP®) designation, certified by the CFP Board, that is a foundation for the financial principles that dictate the strategies and plans that are developed by OnPath Financial.
Mr. Kitick earned his Bachelor of Science degree in Finance from the University of Illinois, Urbana-Champaign. He is a member of the St. Charles Rotary Club and is a lifelong St. Charles resident where he currently lives with his family.