Foundations Investment Advisors Announces New CEO, Kyle Mann

Phoenix, AZ, September 4, 2025 --Foundations Investment Advisors, LLC (Foundations), an SEC-registered investment adviser with approximately $8.5 billion in assets, today announced plans for current Chief Financial Officer, Kyle Mann, to take over Chief Executive Officer responsibilities as of October 1, 2025. Current CEO and Foundations founder, Bryon Rice, will be stepping down from the CEO position to dedicate more time to his original business, Magellan Financial and Insurance Services, which he co-founded in 2003.

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Mr. Mann has been the CFO of Foundations since December 2018 and has worked side-by-side with Mr. Rice since Foundations was founded in 2015.  

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“Two things have become clear to me in recent years,” said Mr. Rice. “First, our businesses have reached a scale such that I’m no longer able to dedicate sufficient time to both Magellan on the insurance side and Foundations on the asset management side, given the growing and complex environments in which they operate.  And, second, there is no one better positioned and no one with more relevant experience to take over the wheel at Foundations than Kyle. Making this change will allow me to focus more on Magellan, without any interruption to the excellent services delivered to Foundations’ clients.”

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Mr. Mann remains committed to building relationships with people in the financial services industry as well as helping investors build wealth so that they can retire securely and with peace of mind. Plans have been put in place to ensure a smooth transition of the CEO role.  Mr. Mann will also continue to serve in his role as CFO on at least an interim while the firm considers whether to expand its executive team to reallocate those responsibilities.

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“I’m excited to continue the great work that we have done at Foundations for nearly ten years now, and to continue to innovate and deliver excellent asset management services to our clients,” said Mr. Mann.

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