Tom Ricchiuto

BY SourceMedia | MUNICIPAL | 09/30/25 09:07 AM EDT By Danielle Fugazy

Title: Senior Manager
Firm: Baker Tilly
Age: 34

"What am I going to do for the rest of my life?" That's a question that haunts most people just out of school, but Tom Ricchiuto had a pretty good idea of what he did and didn't want to do.

He wanted to put his business degree with a finance specialization from Ohio State University to good use. Working on Wall Street and suffering through 80-hour work weeks was not appealing. He wanted more work/life balance. Ricchiuto also wanted to stay in Ohio so he could be near family.

Ricchiuto accepted an investment banking job in Ohio and, as expected, it required many hours, but he loved the work. Several years later, at a different organization, a municipal advisor he had worked with gave him a call. The conversation led to a job offer and he decided to make the jump to public finance. He's been at Baker Tilly for about a decade.

"One of the sweet things about this job is the great relationships you get to have with others in the industry," he said. "The work is exciting and fresh, and you are constantly learning."

Ricchiuto pointed to several transactions as being particularly satisfying in making the state he calls home a better place. The $250 million financing for the Hilton Hotel in Columbus took three years, complicated by multiple bond issuers and many stakeholders. As a banker, he also worked on a $500 million public/private transformation of the city of Dublin, Ohio's Bridge Park District.

Ricchiuto also gives back by mentoring, saying he credits his multiple mentors for building his confidence and skills and encouraging him to be himself, be human, and remember that clients and colleagues are people first.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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