Nerd's Eye View

SEPTEMBER 13, 2022

billion in assets managed by over 20 affiliated independent advisor businesses. My guest on today's podcast is Carolyn Armitage. Carolyn is the President of Thrivent Advisor Network, an RIA platform that offers partnership and affiliate models for financial advisors and oversees $6.5

Financial Advisor 236

Financial Advisor Financial Services Ethics Recruitment 236

Nerd's Eye View

JULY 25, 2023

billion in assets under advisement. Rita is the Founder and President of Affiliated Advisors, a Super-OSJ with Royal Alliance that provides support to 90 financial advisors and collectively oversees $3.5

Financial Advisor 246

Financial Advisor Compliance Recruitment Insurance 246

Diamond Consultants

JANUARY 21, 2025

Four factors to consider when attempting to resolve if your firm is indeed the right place for you, your clients, and your business. Advisors regularly get calls from recruiters, consultants, branch managers, complex directors, business development officersthe list goes on and on. For most advisors, the answer is not black and white.

Recruitment 52

Recruitment Compensation Planning Clients Consulting 52

The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. And, but at that point I was still fairly young and it wasn’t as much client facing x u s Right. Elizabeth Burton : Hi Barry.

Assets 147

Assets Management Investing Investments 147

The Big Picture

APRIL 29, 2025

This is Masters in business with Barry Ritholtz on Bloomberg Radio 00:00:17 [Speaker Changed] This week on the podcast, Jeff Becker, chairman and CEO of Jenison Associates, they’re part of the PG Im family of Asset Managements. Jenison manages over $200 billion in assets. Each of these asset managers had A-A-C-E-O.

Management 130

Management Assets Portfolio Insurance 130

Abnormal Returns

NOVEMBER 21, 2022

wealthmanagement.com) Brendan Frazier talks the four pillars of a client discovery meeting. riabiz.com) Retirement Why retirees should include Social Security into their asset allocation. wsj.com) Advisers How to recruit, train and retain next generation advisers.

Financial Planner 147

Financial Planner Asset Allocation Recruitment Financial Advising 147

Nerd's Eye View

AUGUST 6, 2024

billion in assets under management for approximately 900 client households. Jaime is the Managing Principal of Benedetti, Gucer, and Associates and BEAM Wealth Advisors, hybrid advisory firms based in Atlanta, Georgia, and Covington, Louisiana that oversee a total of $1.2

Commission 130

Commission Retirement Financial Advisor Recruitment 130

Nerd's Eye View

APRIL 4, 2023

Marc is the Founder of Fairhaven Wealth Management, an independent RIA based in Wheaton, Illinois, that oversees more than $1 billion in assets under management for 450 client households. My guest on today's podcast is Marc Horner.

Financial Advisor 130

Financial Advisor Marketing Marketing Recruitment 130

Nerd's Eye View

SEPTEMBER 28, 2022

Joe is a Partner and Head of Goldman Sachs Personal Financial Management, a national wealth management firm within Goldman Sachs which oversees more than $100 billion in assets under advisement for tens of thousands of client households.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

The Big Picture

FEBRUARY 21, 2023

And certainly for us, that has been a time to show up and answer the bell for our clients. I mean it was a company owned by its clients with a clear purpose to really give them a fair shake and provide them with a better future. We looked at client success, it was defined by the funds they hold, but also by the advice they got from us.

Clients 279

Clients Investing Investments Retirement 279

Diamond Consultants

APRIL 15, 2025

Most advisors begin the exercise of evaluating a move through two important metrics: expected asset portability and total potential recruiting deal (transition package). But its critical to also consider the expected impact of a move on clients, the team, and future growth potential. Portability:Will clients follow?

Clients 52

Clients Recruitment Compliance Wealth Management 52

Nerd's Eye View

MARCH 7, 2023

Yonhee is a Principal and the Chief Operating Officer of JMG Financial Group, an independent RIA based in Chicago, Illinois, that oversees nearly $5 billion in assets under management for close to 1,500 client households.

Financial Advisor 130

Financial Advisor Recruitment Clients Financial Services 130

The Big Picture

AUGUST 16, 2022

The firm that he’s built is one of those very quiet, very successful entities that without a whole lot of media coverage, without a whole lot of fanfare, just amassed an enormous amount of capital because they’ve done so well for their clients over time. John was one of our managers that we had, you know, our clients invest in.

Management 305

Management Assets Risk Management Marketing 305

Diamond Consultants

JUNE 1, 2023

And certainly, there are plenty of firms out there that have identified the right combination of exceptional client service, smart recruiting and strategic growth initiatives—making them attractive acquisition targets. But what of the advisor who is an employee of a traditional brokerage firm?

Valuation 98

Valuation Recruitment Retirement Distribution 98

XY Planning Network

JANUARY 16, 2023

If notifying or bringing your clients with you is on your checklist, add this task first: C heck employment contract. So, it’s understandable that, should that day come, they find themselves unaware of the restrictions placed on them when it comes to notifying their clients or bringing them with them. 4 MIN READ. New year, new firm?

Clients 98

Clients Assets Management Recruitment 98

Diamond Consultants

APRIL 22, 2025

They might move to a W-2 firm if that firm can provide a quality successor, and it would come with the added benefit of a lucrative recruiting deal and sunset package. So-called do-it-yourself independence means partnering directly with an asset custodian to launch, run, own, and operate the business.

Compliance 52

Compliance Recruitment Engineering Economics 52

Trade Brains

SEPTEMBER 22, 2023

(JPM) is a financial holding corporation that, through its subsidiaries, provides solutions for consumer and commercial banking, investment banking, processing financial transactions, and asset management. The amount of assets under management was $3 trillion. The headquarters of JPM are located in the US state of New York. ROE (%) 15.46

Portfolio Analysis 116

Portfolio Analysis Portfolio Healthcare Banking 116

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? JP Morgan’s public finance team recruited specifically at the policy school. What was the original plan?

Banking 130

Banking Economy Startup Marketing 130

The Big Picture

SEPTEMBER 3, 2024

So, so you’ve held analyst roles and a number of asset managers. And so I had a lot of contacts in Australia at that point, and one of them was the CEO of what was at the time called Colonial First State Global Asset Management. And so when the recruiter called me, I said, you know, it sounds really interesting.

Investing 147

Investing Investments Management Valuation 147

Diamond Consultants

MARCH 14, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. After all, more assets mean more revenues for everyone—advisors included.

Financial Advisor 59

Financial Advisor Recruitment Clients Assets 59

Diamond Consultants

AUGUST 23, 2023

This has left many advisors – including top, long-tenured teams – to struggle day-to-day, balancing the desire to serve clients best and grow the business against the challenges they face. Advisors see capital as being diverted from providing necessary support to the existing advisor community in favor of growth via recruiting.

Recruitment 52

Recruitment Wealth Management Clients Communication 52

Diamond Consultants

AUGUST 23, 2022

For example: Ghislain Gouraige and his 11-person team in Coral Gables, FL, generating $15mm in revenue on $3B in assets under management, left UBS to join NewEdge Wealth in February. . Ruben led his Bethesda, MD-based Merrill team, generating $5.4mm in revenue on $1B in assets, to Rockefeller Capital Management in April.

Clients 64

Clients Recruitment Management Assets 64

Diamond Consultants

FEBRUARY 8, 2023

It’s about vetting firms and models through the lens of your business, your clients, and your vision for the future. Many advisors think they hold all the cards in the recruiting process. After all, “He or she who holds the assets holds the power.” View everything through the lens of your clients and your team.

Recruitment 59

Recruitment Clients Economics Investments 59

Diamond Consultants

APRIL 12, 2023

But while the turmoil was ostensibly related to the traditional banking system, it’s clear that advisors (and their clients) have taken notice. And that’s in some part true: Many advisors (and their clients) prefer the safety, stability, familiarity, and brands of the wirehouse world. Uncomfortable with a smaller firm?

Banking 52

Banking Wealth Management Recruitment Clients 52

Diamond Consultants

OCTOBER 10, 2023

However, these advisors are simultaneously forgoing massive recruitment bonuses from competing firms and a less labor-intensive transition process. But without growth, it will take many years to offset the “bird in the hand” of a lucrative up-front and back-ended recruitment package.

Math 52

Math Recruitment Consulting Clients 52

eMoney Advisor

DECEMBER 15, 2022

That’s because the advisors expected to retire control 40 percent of total industry assets, or roughly $10.4 Compensation for financial advisors can be challenging to calculate, especially because of the widespread model of being paid based on assets under management, which can fluctuate with the markets. Examining Median Pay.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Inside Information

JULY 25, 2024

billion in assets under management? Or that AssetMark is acquiring $12 billion in client assets from Morningstar? You might be interested to know that Arkadios Capital recruited a former LPL team that manages $850 million in client assets. Summit is described as a $750 million team.

Fee Only 40

Fee Only Commission Recruitment Advertising 40

Diamond Consultants

JUNE 14, 2023

Here are eight critical, yet less obvious, considerations: Client/Book Ownership: There are firms that write into advisor contracts that the advisors own the client books. Some are more vague, while others still explicitly state that the firm owns the end-client relationships. Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Clients Economics 52

Diamond Consultants

MAY 3, 2022

By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. With garden leave, an advisor would need to “go dark” for potentially up to three months, leaving clients open to solicitation from the bank. Seek legal counsel to understand your requirements and risks, then plan accordingly.

Banking 52

Banking Wealth Management Commission Assets 52

The Big Picture

MAY 20, 2025

Tell us about the mutual funds in ETFs you run on behalf of Bridgeways clients. How does that affect how you recruit employees? Tell us a little bit about the impact of that on running an asset management business. And I choose the former, our shareholders are investors, our clients are our boss.

Management 130

Management Numbers Transportation Accounting 130

Diamond Consultants

JANUARY 10, 2023

Beyond the obvious revenue and asset metrics that most advisors use to evaluate their business, consider what a “good year” might look like. For example, what if management changes policies that impact your growth or ability to serve clients? are hungry to recruit advisor talent, and there simply isn’t enough to go around.

Recruitment 59

Recruitment Financial Advisor Planning Retirement 59

Good Financial Cents

JULY 11, 2022

If you’re unsure what multi-level marketing is, it’s a term used to describe any business model that rewards people for sales and recruiting others to work beneath them. Another way to make your earned income work for you is to invest it in assets that will generate passive income. 4) Royalties – Royalties from books, inventions, etc.

Financial Advisor 116

Financial Advisor Accounting Insurance Media 116

Diamond Consultants

JUNE 23, 2022

Today, it’s Advisor Group’s acquisition of American Portfolios Financial Services, the Holbrook, NY-based broker dealer with some $40B in assets under management and 850 advisors spread across 400 branches throughout the country. It is important to streamline what can be an arduous process, and remain focused on your clients.

Financial Services 52

Financial Services Recruitment Clients Portfolio 52

Diamond Consultants

SEPTEMBER 10, 2024

All four wirehouses have similar programs (also referred to as sunset deals or internal succession deals), each designed to both reward advisors for their life’s work and bind them, their clients, and inheriting next gens to the firm. They don’t need to move assets, and it’s effectively riskless since there is no major transition involved.

Retirement 52

Retirement Recruitment Clients Compliance 52

Diamond Consultants

JUNE 28, 2023

Take Vincent Finney, Ryan Bibler, and Joseph Panfil, for example: Former UBS advisors managing $800mm in AUM, who were looking to achieve greater freedom and control, and decided to move from UBS to Wells Fargo’s W-2 Private Client Group. First, UBS left the Protocol for Broker Recruiting. But things started to change at the firm.

Compliance 52

Compliance Recruitment Clients Compensation Planning 52

Brown Advisory

MAY 30, 2018

Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable.

Nonprofit 52

Nonprofit Government Recruitment Clients 52

Brown Advisory

MAY 30, 2018

Those high-performing environments also help to recruit the best and brightest talent. It should not be assumed that investments in such securities or asset classes have been or will be profitable.

Nonprofit 52

Nonprofit Government Recruitment Clients 52