USI Advisors Names New President and CIO

Michael Welz has been promoted to president and chief investment officer of USI Advisors, Inc., a subsidiary of USI Consulting Group.

Welz was previously a vice president and senior investment consultant for USI Advisors. In his new role, Welz will oversee the development and execution of investment policies, market research, due diligence and portfolio management strategies. He also chairs the company’s investment committee.

USI Consulting Group is a provider of defined contribution and defined benefit plan consulting and administration services, as well as health and welfare administration. It is the parent company of both USI Securities (federally registered broker/dealer) and USI Advisors (a registered investment adviser).