Meet Our Team
Dennis Gogarty, CFP®
President & Co-Founder
Dennis Gogarty is President and Co-Founder of Raffa Investment Advisers and has led the firm since its inception more than 20 years ago. He founded Raffa with a clear objective: to provide nonprofit organizations and membership associations with disciplined, transparent, fiduciary-focused investment advisory services designed specifically for their governance structures and long-term sustainability.
As President, he sets the firm’s strategic direction and standards for client experience. His leadership emphasizes disciplined policy alignment, consistency with market expectations, and clear accountability. Dennis believes nonprofit investment programs should prioritize reliability, transparency, and fiduciary oversight over unnecessary complexity or tactical experimentation.
Under his leadership, Raffa has grown to serve more than 188 nonprofit organizations nationwide, maintaining a 99.1 percent 10-year nonprofit client retention rate¹. He remains deeply involved in shaping the firm’s culture, with an emphasis on professional development, high standards, and responsiveness, creating an environment that supports consistent, high-quality service for clients.
An active participant in the nonprofit and association community, Dennis has spoken on governance, fiduciary oversight, and nonprofit investing for organizations including the Council on Foundations, the AICPA, the Greater Washington Society of CPAs, BoardSource, and the American Society of Association Executives. He has also served in leadership and advisory roles supporting nonprofit boards and investment committees.
He holds a Bachelor of Science in Marketing from Frostburg State University and a Certificate in Financial Planning from Georgetown University. Dennis is a CERTIFIED FINANCIAL PLANNERTM professional and an investment adviser representative of Raffa Investment Advisers.
¹Please see disclosures at bottom of page.
Disclosures:
Number of Nonprofit and Association Clients: Raffa served 188 nonprofit clients as of June 30, 2026. That total reflects the number of nonprofit clients for which Raffa provides portfolio management, retirement plan advisory, or ongoing investment consulting services. Client count is based on unaudited internal recordkeeping and custodial data from Charles Schwab & Co., Inc.
Nonprofit Client Retention Rate: For purposes of this advertisement, Client includes client relationships which include multiple distinct entities under common decision-making control. Clients who went out of business or spent down their reserves are not counted as terminated clients for purposes of calculating the retention rate. Clients whose organization was bought or consolidated by or with another organization are not counted as terminated clients for purposes of calculating the retention rate. Clients with whom Raffa initiated the termination of services with are not counted as terminated clients for purposes of calculating the retention rate. Including such clients results in a 10-year nonprofit client retention rate of 98.88%. This is not meant to be an endorsement or expression of opinion about Raffa Investment Advisers and therefore it is not known if clients approve or disapprove of the investment advisory services provided by Raffa Investment Advisers. The data used to determine client retention rates was compiled exclusively by Raffa Investment Advisers and has not been audited or verified by a third-party.