Andy Schwartz went from selling insurance at Northwestern Mutual to managing $3.5B in assets and leading one of the firm’s largest groups. In 2014 they left to go independent as Bleakley Financial Group, now managing $8B in assets as a hybrid RIA.
By Mindy Diamond – As seen on WealthManagement.com – What are the recent recruiting practices by UBS and Merrill telegraphing to advisors about their ideal candidates and overall hiring strategy of the firms? Are they heading toward a salary-bonus model?
Changing firms or models comes with some risk, one of the most critical being client portability. It was a risk that this 26-year UBS veteran and his $530mm team found was worth taking to better serve their clients without conflict and limitations. Guest Steven Tenney, Founding Partner and CEO, Great Diamond Partners.
If you’re at a wirehouse or independent broker dealer, compliance is managed for you. But what if you want to launch your own RIA firm? Chris Winn of AdvisorAssist makes the topic less daunting in this conversation that dives into policy setting, how risk differs as an RIA, the relationship to workflow management, a changing regulatory environment and more.
By Mindy Diamond – While many advisors are drawn to the freedom and control that independence offers, there are those for whom it may not be the “right” path.
There are plenty of reasons why independence isn’t for everyone. Listen in as Mindy and Louis break down the 10 most common reasons for financial advisors to “not make the leap.”
Industry rockstar Michael Kitces shares his thoughts on building a thriving practice, why scale isn’t everything, marketing, organic and inorganic growth strategies and much more. It’s a must-listen for every financial advisor and business owner.
Mindy Diamond Quoted – By Jason Bisnoff, Forbes – Gregory Fleming and a team of financial services veterans started Rockefeller Capital Management in 2018 with the backing of private equity giant Viking Global Investors and a unique differentiator, a name synonymous with success and wealth. The firm used that name to power a meteoric rise, attracting 50 teams from 12 different firms and growing to more than $75 billion in client assets in just over three years.
By Mindy Diamond, WealthManagement.com – While the rules may not have changed, it appears the consequences have—and advisors are feeling more vulnerable than ever.
While comfortable at UBS a decade ago, Ahmie Baum started to see things a bit differently when his son Brian joined the business. It was an awakening that made this wirehouse veteran reevaluate everything, and propelled his leap to independence.
