scott minerd, Chief Investment Officer and Managing Partner at Guggenheim Partners, died Wednesday at the age of 63. Here’s what you need to know.

What happened: Minerd, who joined Guggenheimn shortly after it was founded and was the public face of the company, died Wednesday of a heart attack, the company said in a statement.

“Scott was a key innovator and thought leader who was instrumental in making Guggenheim Investments the global company it is today. He will be greatly missed by everyone. My deepest condolences go out to his husband, family and loved ones,” he said Markus WalterCEO and Guggenheim founder.

According to Guggenheim, Minerd suffered a heart attack during a regular workout.

Minerd has been a frequent commentator on markets and investing, both on television and through social media.

He was a key architect of the structure, operations and policies that helped Guggenheim Investments become a dominant player in the wealth management industry.

In honor of Minerd, Guggenheim’s investment professionals will continue to manage client portfolios using the systems and practices he helped establish, the company said in a news release Thursday.

Why it matters: The company has put into action its succession plan, which was created to deal with unforeseen circumstances. Over 350 of Guggenheim Investments’ 900 employees are financial professionals.

According to the company, Guggenheim expects no interruptions in customer service, no change in the day-to-day management of client portfolios or the selection of investments.

“We offer our deepest condolences to Scott’s husband. Eloy Mendezas well as to his many friends and colleagues,” the company said.

Continue reading: Guggenheim CIO Scott Minerd Regrets Not Investing in Shiba Inu: “I Wish I Had Invested $100,000”

Scott Minerd. Photo of the World Economic Forum via Flickr.