Rockwater Capital Corp. announced today that the role of Stuart Raftus, president of First Associates Investments Inc., Rockwater’s wholly owned full service investment dealer subsidiary, will be expanded to include the chief operating officer responsibilities for both First Associates and Rockwater.

These changes will be effective January 22, and result from Bill Fulton’s decision to resign as COO of both Rockwater and First Associates as of the same date. Fulton, as of January 26, will take on the position of head of the private client group within the wealth management division of TD Bank
Financial Group.

“Bill Fulton’s commitment, energy and focus has allowed him to make a substantial contribution over the last year to the success of firm,” said Bill Packham, president and CEO of Rockwater. “We thank him for his efforts and wish him all the very best with his new position.

Packham added, “Stuart’s expanded role reflects the significant responsibilities he carries in building the firm’s Wealth Management and Asset Management businesses.”