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FFS – Our Team

Experienced. Knowledgeable. Accessible. Meet the professionals of FFS.

Paul H. Welch, Chief Investment Officer and Senior Portfolio Manager

Paul is Director of the Board of the company and chairman of the Investment Strategy Committee which mandates the investment policy for clients’ funds to be utilized by the portfolio managers. Paul has been in the investment business since 1968 and he still makes managing individual portfolios and helping clients establish estate planning and long-term investment goals a priority. He is a former president and chief executive officer of a mutual fund distribution organization, and also created and served in similar roles for two trust companies in Dallas where he has resided since 1972.

A graduate of the George Washington University Law School in 1960, Paul is a member of the Texas Bar as well as an associate member of the bar of the Commonwealth of Virginia. He also achieved the rank of Captain in the United States Air Force Judge Advocate Program. Paul is a member of the Dallas Foundation’s Advisory Council, and was recognized by Texas Monthly magazine as a Five Star Wealth Manager in 2011, 2013, 2014 and 2015.

Donald W. McCoy, Senior Vice President and Senior Portfolio Manager

Donald is a senior portfolio manager and a member of the Investment Strategy Committee. He began his investment career in 1968 and has extensive experience in portfolio management and client servicing. He places great value in the long and lasting relationships he has established with his clients at FFS.

Donald graduated from the University of Texas at Austin in 1968 with a degree in finance. After graduation, he worked for a large Dallas bank as a Security Trader Analyst and Portfolio Manager responsible for the management of all personal trusts valued in excess of $200 million. He left the bank to join Paul Welch at a trust company which managed over $350 million in assets.

Active in his church, Donald has served on the Board of Elders, Board of Deacons, Chairman of the Building Committee, and President of the Exchange Club at Lake Highlands Church. He is also a member of the Lake Highlands Young Life Board, and a committee member of the YMCA.

Richard A. Wright, CFA®, Vice President and Portfolio Manager

Richard is a portfolio manager and a member of the Investment Strategy Committee. A holder of the Chartered Financial Analyst® designation, he is also responsible for conducting research on current holdings, initiating investment ideas consistent with the current economic and market outlook and recommending the investment strategy. Richard joined Fiduciary Financial in 1999. He has been recognized by Texas Monthly magazine as a Five Star Wealth Manager from 2011-2015. Richard enjoys playing basketball and golf.

Michael Gavett, Senior Vice President and Portfolio Manager

Michael joined FFS in February 2014 and serves as a senior portfolio manager. Mike has been in the financial services industry since 1996, including almost 10 years as a founding partner of a local RIA/Broker Dealer. Before becoming an investment advisor, Mike was a bank examiner for the State of Texas. He is a 1993 graduate of Texas Tech University with a degree in finance. Mike has been actively involved in coaching a variety of children’s athletic teams for the last 10 years in the Allen and Plano communities.

Joseph Crane, Chief Compliance Officer

Joe oversees all compliance related issues to ensure FFS actions comply with industry rules and regulations in order to protect our associates and our clients. Joe began his carrier in financial services in 2007 as a financial advisor. In 2011 he made a transition to a Compliance position with Morgan Keegan and continued this work with Raymond James (RJA) following an acquisition. He was a Compliance Analyst and later the Supervisor of the Activity Review Team for RJA until joining B. Riley Wealth Management in 2017 as a Compliance Officer. He was named Chief Compliance Officer of FFS in 2019. Joe earned a Finance & Banking degree from the University of Arkansas. Outside the office, he enjoys mountain climbing, and coaching and watching his three kids play team sports.

Regina K. Kolkhorst, Director of Information Technology

Regina administers the company’s computer system, oversees daily account operations and reconciles client accounts. Before joining the FFS team, Regina worked as a contractor for the Resolution Trust Corporation/FDIC. She holds a Bachelor of Science degree in business administration from the University of Texas at Dallas and is currently a Microsoft Certified Professional and Advent Users Group member.

Brandy L. Bailey, Client Services Representative

Brandy joined FFS in June 2004 from the Sears Regional Office, where she worked as a Technical Assortment Specialist for a year. Prior to that, she was a Customer Service Specialist for Sears while a student at the University of North Texas, where she graduated with a Bachelor of Arts degree in public relations and a minor in business administration.

Cecelia A. Fisher, Client Services Representative

Cecelia joined FFS in 2006, bringing 20 years of professional experience as a documentation specialist, project coordinator and client services representative in a life insurance software company. Cecelia holds a bachelor’s degree in English from Texas A&M University and studied linguistics while training with the International Institute of Linguistics as a linguist and literacy specialist in Duncanville, Texas.

Meagan Womack, Operations Assistant

Meagan joined FFS in February 2016. Meagan assists with account operations and reconciliation of client accounts. She also supports the client services team. Meagan holds a Bachelor of Arts degree from the University of Oklahoma.