The 10 most influential figures in the RIA business going into 2012, Part 2
These advisors and executives made dramatic moves that advanced the business of registered investment advisors
Jeff Spears
Impressive list, all chasing the same dream – create a national/scalable brand. Isn’t this the business model that caused professionals to break away from large firms?
Mike Wilson
Would like to know the answer to Jeff’s question as well.
Brooke Southall
Yes, that’s a big question. For my thoughts on that, look here: http://www.riabiz.com/a/9228337
I have my eyes peeled for a secondary breakaway movement from these firms. That may be an acid test.
Bill Winterberg
And just like that, roughly 24 hours from posting Advent’s Hess as RIABiz’s #1 influential figure for 2012, he gets selected to succeed current CEO Stephanie DiMarco on July 1. How about that?!?
<a href="http://blogs.advent.com/executive-view/2012/01/05/2012-opportunities-in-change/" rel="nofollow">http://blogs.advent.com/executive-view/2012/01/05/2012-opportunities-in-change/</a>
Brooke Southall
Thanks for noticing, Bill. We strive to wag dogs. And we’re about to publish an article about the succession.
Brooke
Related Moves
With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO
CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals
August 13, 2022 at 12:39 AM
Joe Duran will co-develop Goldman Sachs unit aimed at outsourcing to non-Goldman RIAs after 'magic' never materialized for direct-to-consumer RIA
The Newport Beach, Calif. RIA legend plans to shift from B2C to B2B to fix Goldman's disconnect with RIAs and play to the strengths for him and the bank
February 8, 2023 at 3:03 AM
Elliot S. Weissbluth, Hightower Advisors mastermind, cashes out and vacates chairman role as Pershing's ex-CEO Lisa Dolly takes a board seat
The Chicago rollup's founder got paid better by doing the second-stage exit and the new cast on the Board also includes Bob Oros ascending to chair and Darrell Horn of Green Square Wealth Management joining
February 19, 2021 at 8:58 PM
Looking past Covid-19 pandemic, Louisiana RIA buys $1-million building after hitting $1 billion in AUM and hiring the town's mayor
Summit Financial Wealth Advisors was sold to Focus Financial in 2014, growing its assets by $400 million since then but keeping staffing about the same
December 17, 2020 at 3:02 AM
See more related moves
MarketCounsel | Hamburger Law Firm
Consulting Firm, Compliance Expert, Legal Services for RIAs
Top Executive: Brian Hamburger
United Capital Financial Advisers
RIA Welcoming Breakaways
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Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf
