Pence Wealth management is one of the biggest names in asset management.
The company has over $100 billion in assets under management.
Pence, a Republican, will be the new CEO of the company, which has nearly 4,000 employees in the United States.
His name was first floated in August.
The new CEO will be in charge of investing and helping to develop the assets of the business, according to the announcement.
The name will be announced by Pence during a visit to Las Vegas on Friday.
The company has long been a leader in digital wealth management and has recently started investing in technology, technology, education and other areas.
It recently opened a new $5 billion technology center in New York City.