Shirl Penney, CEO of Dynasty Financial Partners, created a flap in the wealth management industry last week when he warned advisors joining private equity (PE)-backed Registered Investment...
When we describe our company to financial industry folks, we often use the shorthand description that we are building “the Chick-fil-A of wealth management”. But, what does that mean exactly?
What is your biggest challenge operating at a wirehouse?
- Changes in compensation?
- Insufficient staffing support?
- Firm culture?
“Let My People Go”
These are likely the four best-known words from the Book of Exodus uttered from Moses to Pharoah.
Over the last several years, wirehouse headcount has been falling in the single...
Is the grass really greener for RIAs? According to a recent article in Financial Advisor magazine, the answer is a resounding “Yes”, according to brokers. 
What if I told you that the world you live in as a financial advisor might be a façade?
If you've seen "The Matrix", you know that the story begins with the hero living a normal life. But there...
Goldman Sachs announced they were buying 14 year old RIA, United Capital, for $750 mm in cash on May 16, 2019. The 220 advisors who sold to the independent RIA, United Capital, are about to work...
“Are you a fiduciary 100% of the time?”
How do you answer that question when clients or prospects ask it?
It was a question I used to dread as an advisor at the wirehouse.
In my recent blog entitled “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:
In my blog entitled “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:
I’m a big fan of the movie “Sully”. Since I live and work near NYC, I’m often reminded of the “Miracle on the Hudson” whenever I’m near the river. My most memorable scene from the movie is when...