Mindy Diamond Quoted
By Diana Britton
Since Brian Hamburger started MarketCounsel in 2000, over 1,500 RIA firms have crossed his path.
Craig Stuvland formed his company to “fan the flame of independence” in the financial services space. He saw a need to help investment advisors and wealth managers with assets anywhere from $300 million to $1 billion go into business for themselves. In his model, called tru Independence, advisors keep 100 percent equity in their firm, relying on Stuvland for financing, consulting, branding, real estate, vendors, public relations, compliance, etc.
Building any business is a daunting challenge—particularly a business that aims to assist investment advisors setting up their own shops. There are countless moving parts: What’s the capital structure? What are the terms? What’s being offered?