By Mindy Diamond, Forbes.com – For employee advisors who are taking a “bigger picture look” at their business, here are 3 valuation scenarios to consider that can help you determine if where you are currently practicing will allow you to maximize value at the end of the day.
How an ex-Wells Fargo Team Turned a “Paper Tablecloth” Vision into 3X Revenue and $8.5B in Assets in 5 Years
Gerry Goldberg, of GYL Financial Synergies, joins the show to share why he felt Wells Fargo FiNet wasn’t independent enough and how, as an RIA, his team tripled their assets and revenue, in partnership with Focus Financial Partners.
From Bigger to Better: How a Former Smith Barney Superstar Found Her Competitive Advantage in Independence
Lori Van Dusen shares a perspective that spans over 3 decades—a career that started with Shearson Lehman Brothers in 1987, a bold breakaway from Citigroup Smith Barney to independence in 2008, followed by a second leap to build her current firm LVW Advisors.
How did Buckingham Wealth Partners become a $50B+ mega-RIA enterprise? CEO Adam Birenbaum shares his M&A strategy, the role of an investment partner, plus advice for prospective breakaways and independent advisors, dealmaking red flags and more in this interview with Louis Diamond.
Louis Diamond Quoted – By Ian Wenik, Citywire – For Focus Financial Partners, money talks. In new financial data unveiled in a form 10-K it filed with the Securities and Exchange Commission (SEC) on Tuesday, the firm revealed how its typical RIA deal structure has changed in the past year.
Louis Diamond Quoted – By Ian Wenik, Citywire – Focus Financial Partners is expanding down under. The private equity backed financier of RIAs has added its first new partner firm of 2020: MEDIQ Financial Services, a wealth management firm based in Melbourne, Australia.
Louis Diamond Quoted – By Ian Wenik, Citywire – If you asked Rudy Adolf, chief executive of RIA roll-up Focus Financial Partners, he’d say that his firm can just go on and on making acquisitions. ‘Merger opportunity is almost infinite,’ Adolf said in March at the Raymond James Institutional Investors conference.Louis Diamond, an executive vice president at advisor recruiting firm Diamond Consultants, is in Adolf’s corner. Expanding internationally is the next logical step, he explained.
In this podcast episode, special guests Bill Loftus of Coastal Bridge Advisors and Mark DuPont of Focus Financial Partners provide an “outside-in” look at how a capital partner helped this team make the leap to independence in 2008, and share the story behind the amazing success of this RIA.
Louis Diamond Quoted – By Janet Levaux, ThinkAdvisor – One week after it became a publicly traded firm, Focus Financial Partners says it has a new member: Edge Capital Group of Atlanta, which as some $3.5 billion of client assets and six offices.
By Louis Diamond, WealthManagement.com – Although Registered Investment Advisors have been around for many years, it is still a highly-fragmented and nascent industry. Youth aside, industry reports from Cerulli indicate year-over-year growth for the RIA space and predict that trend to continue, further eroding the mass dominated by banks and brokerages.
Subscribe for Updates
Get updated by email when a new article is added.
Recent News & Articles
- The Founding Sanctuary Team: How These Wells Fargo Breakaways Built a $2.4B Business
- UBS is latest firm OK’d by NFL players union
- Merrill Seeks ‘Momentum Change’ With 400% Recruiting Deals–Sources
- The 7 Unintended Consequences of Staying the Course
- $1.6B 6 Years Later: Matt Celenza on Doubling Growth, Opportunity, and Life After Merrill