Senior Consultant – Super-organized. Well-informed. “Allie” – as she is known to most – is a natural synthesizer: One who takes various inputs, digests them, and provides direction in a meaningful way. Learn more...
By Allie Brunwasser - Three Edward Jones advisors explored what was next and chose three very different paths. Their experiences show why the right firm and business model depend on what an advisor wants to accomplish.
By Allie Brunwasser, FA-Mag.com - As advisors evaluate firms, ownership structure is becoming a more important part of the conversation. Allison Brunwasser explores how privately held, publicly traded, and private equity-backed firms can impact culture, growth, and long-term enterprise value.
Co-authored By Allie Brunwasser & Jason Diamond, ThinkAdvisor.com - Multigenerational teams have several options for monetizing and transitioning the book from one generation to the next. So, how do they decide what’s best?
By Allison Brunwasser, ThinkAdvisor.com - For many advisors, independence is just a bridge too far—but greater autonomy and control are often closer than they realize.
By Allison Brunwasser, WealthManagement.com - While another advisor’s move may sound great, the reality is that every advisor’s business, clients, and vision for the future look different—and what works for them, may not work for you.
By Allison Brunwasser - The idea of joining a firm and being able to choose how you affiliate with them at each phase of your career is gaining popularity. With one firm and one platform, advisors can transfer from an employee model to an independent model all under the same roof—with little disruption to their clients and their team.
By Allison Brunwasser, ThinkAdvisor.com - Despite the persistent challenges the pandemic has brought, the desire among advisors to best serve their clients and grow their businesses remains strong. And firms looking to attract top talent are motivated to make whatever changes necessary to showcase their capabilities, conduct home office visits and complete transitions.
By Allison Brunwasser - Many young advisors start their careers in wealth management at bank branches—roles which often come complete with a steady flow of referrals. It’s a great place to launch a career as it provides a way to learn the ropes and build a book of business. Yet it’s important to understand that along with all the early potential comes some strong restrictions.
By Allison Brunwasser - In a previous article, With Demand Comes Supply, Deborah Aronson discussed how service and platform providers have evolved to serve the needs of a growing population of prospective breakaways in the $50 to $150mm range—and advisors in this constituency who are seeking independence now have plenty of options to choose from. Yet with optionality often comes “choice overload”—that is, with all the available options, many advisors get stuck when attempting to discern one provider from another.
By Allison Brunwasser - An advisor’s choice to go independent is typically driven by a strong desire for greater freedom, flexibility and ownership. Yet with that desire comes what is for many the biggest hurdle in making the leap: Choosing between building your own firm with complete control and 100% equity, or joining an established firm with turnkey operations, infrastructure and an opportunity to gain an equity stake in a more mature business.
By Allison Brunwasser - Who doesn't want to have their cake and eat it, too? However, in an imperfect world such as ours, trying to satisfy all your needs at once typically leaves you in a holding pattern. And this is often true for advisors when planning a move: The one place that many get stuck at is trying to identify that perfect “go date.”
By Allison Brunwasser - Whether you’re an employee at one of the major firms, an independent advisor with a broker dealer or the principal of your own RIA, acquiring a book of business is a topic that has likely captured some of your mindshare. Yet it’s a crowded marketplace with many competing would-be buyers. The good news is that there are several ways for a buyer to differentiate from the pack—and you may have some already in place.
Two longtime Edward Jones advisors chose different paths—but shared the same goal: greater freedom to build the businesses they envisioned with Diamond Consultants as their guide.
After 17 years with Edward Jones, Justin Koch took the entrepreneurial leap, creating a bespoke independent firm, CopperSky Wealth, with the strategic support of Sanctuary Wealth and Goldman Sachs as custodian.
By Editorial Staff, Family Wealth. Report - RBC Wealth Management US has just bolstered it’s presence in Austin, with the addition of The MK Group to its Austin branch.
By Karmen Alexander, AdvisorHub - RBC Wealth Management-U.S. reeled in a Merrill Lynch Private Wealth team managing $500 million in client assets in Austin, Texas, according to an announcement on Thursday.
By Mason Braswell, AdvisorHub - A three-broker Merrill Lynch team that had generated around $3.1 million in trailing-12 month revenue in Wisconsin left the wirehouse on Tuesday to join Steward Partners, an independent firm that clears through Raymond James Financial Services.
By Andrew Foerch, Citywire - A UBS breakaway team has formed an independent wealth management firm in Farmington Hills, Mich. with backing from Summit Financial. Vardhan Wealth Management is led by founder Monish Verma, who spent 12 years at UBS as senior vice president of wealth management and 14 years before that at Morgan Stanley Smith Barney as vice president of investments. Joining him at Vardhan are Renee Wahl as director of operations and Kory Frost as director of planning and strategy. The group had a book of $375m at UBS, according to Summit.
March 30, 2021
By Joyce Blay, Financial Advisor Magazine - RHA Wealth, an independent practice based in Raleigh, N.C., has joined the Sanctuary Wealth network, the companies recently said in a news release. The young team, consisting of Managing Directors John Rumsey, Robert Hartinger and Clark Abbott, and supported by registered Senior Wealth Associate Ashley Rushin, was formerly with Merrill Lynch, where members managed approximately $250 million in client assets.
By Alex Padalka, Financial Advisor IQ - Sanctuary Wealth says it has helped yet another team of Merrill Lynch financial advisors go independent. Raleigh, N.C.-based RHA Wealth includes managing directors John Rumsey, Robert Hartinger and Clark Abbott and registered senior wealth associate Ashley Rushin, Sanctuary says. The group manages roughly $250 million, according to the firm.
By Ian Wenik, Citywire - Rockefeller Capital Management has added a five-advisor team from Merrill Lynch. Dallas-based advisors Neil Rubenstein, James Sandfort, Anna Gorman, Ryan Barcena and Michael Buss have all joined the Viking Global Investors-backed firm, according to their Financial Industry Regulatory Authority (Finra) BrokerCheck profiles. The five advisors operated under the RSA Group brand name while at Merrill.
