Founder of Beers & Cutler to Join Chevy Chase Trust

Re-printed from the Washington Business Journal:

Chevy Chase Trust has added a big name to its roster. John Cutler, a founder of accounting business Beers & Cutler PLLC, will join the Chevy Chase-based company Feb. 15 as a senior adviser.

“I had a great career in public accounting that extended over 41 years,” Cutler said. “I’m excited about starting something new.”

Beers & Cutler was acquired by Baker Tilly Virchow Krause LLP in December 2009 and changed its name to Baker Tilly. Cutler formally retired as a partner at the end of 2009 and was a senior adviser until the end of 2010.

He said his departure was “completely unrelated” to the merger. Cutler had some overtures from other wealth management firms, but said he chose Chevy Chase Trust partly because of the experience he has had as a personal client of the company, which manages money for wealthy individuals and institutions. He will work there full time.

When asked what he’ll be doing for Chevy Chase Trust, which has 67 employees and manages $8 billion in assets, Cutler responded: “Maybe it’s better you ask me in six months,” adding that he intends to help the staff at the company.

Cutler, 66, declined to say if he is under a noncompete agreement with Baker Tilly.

“He’s one of the most respected professionals in the community,” said Peter Welber, CEO of Chevy Chase Trust. “John’s choice of joining Chevy Chase Trust when other wealth management firms had a lot of interest in him is a validation of our reputation.”