United Capital chases DFA's MO, trains '1099 advisors' and co-opts Starbucks brand guy
The multitasking Newport Beach-based national RIA also announced closing on two more RIA purchases with about $625 million of AUM
Stephen Winks
United Capital and Starbucks are closed end value propositions, you drink the cool aid and have a singular focus, not a lot of moving parts. It is a great model but only if you are as good a one can possibly be as an advisory support firm. Given the fluidity of advisory services and the inability of broker/dealers to support professional standing, if United Capital materially upgrades its expert authenticated advisory services support it could be world beating in its simplicity, ease of execution, and professional standing (technical competency).
It is the ultimate free market application. They give the consumer what they want demonstrably in the client’s best interest relative to expensive conflicted brokers who are not accountable for their recommendations or have interest in the ongoing well being of the consumer, as required by statute. Their advisors simply sell they are doing the right thing while brokers can not and will not do the right thing.
Pretty simple marketing, while the brokerage lobby contemplates its self interest.
SCW
Stephen Winks
Kevin
Related Moves
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
Marc Spilker adds Matt Brinker as chess piece -- and partner -- in what he calls a 'very selective' talent add to build platform-for-RIA platforms outside Wall Street
Merchant Investment Management's executive chairman wants good people good at their job and Brinker likes having a breakaway Goldman partner rather than one captive to the Wall Street giant.
January 15, 2020 at 2:42 AM
Goldman Sachs & Co. appoints Rachel Schnoll to yank off United Capital band-aid that Joe Duran didn't -- making FinLife work with non-UC applications
The New York-based investment bank has the cash and people to do the combinations -- especially Goldman software -- that the roll-up's founder couldn't afford or didn't want to advantage
November 8, 2019 at 4:52 AM
Goldman Sachs closes United Capital deal and Matt Brinker, Joe Duran's wingman, exits with social media swan song on same day
The M&A chief's departure from the Newport Beach, Calif. roll-up may signal that its rolling-up days are over
July 18, 2019 at 6:13 PM
See more related moves
United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran
