Skip to content

How To Recognize A Good Cultural Fit

Plus Recruitment News, Marketing Rule Compliance, Client Misunderstandings, Hightower’s Investment, Atria’s Financial Institution Recruit And Adviser Investments’ Rebrand

How To Recognize A Good Cultural Fit
Published:

Many important concepts are difficult to define – justice, for instance, or art – because they draw from the observer’s subjective experience and judgment. A good cultural fit in a business setting is the same. Advisors and the firms that recruit them often say that cultural fit was key to their decision. This week, recruiting experts walk us through the factors in a good cultural fit.

We also bring you the latest in recruitment news, Vigilant’s guide to marketing rule compliance, Adviser Investments’ rebrand as RWA Wealth Partners, Hightower’s $2.5 billion move in Orlando, a Concourse executive on addressing client misunderstandings, and Atria’s partnership with Bank of Hawai‘i.

Make your opinion on your tech stack heard! In just five minutes you can complete our survey on the state of advisor technology and gain a chance to win a $250 Amazon gift card.

Weekly Recruitment Roundup: This edition features Cetera recruiting in Pennsylvania and Texas, Wells Fargo recruiting from J.P. Morgan, Robertson Stephens recruiting from Wells Fargo, Coldstream recruiting to its new Washington-based team, Wealth Enhancement Group acquiring Retirement Advisory Group, Hightower investing in a $2.5 billion Florida RIA, Dynasty Financial Partners helping Abacus Life launch a new wealth management unit, Atria’s Sorrento Pacific Financial partnering with Bank of Hawai‘i’s Bankoh Investment Services and Raymond James getting a new Head of Advisor Recruiting.

Under the hood of cultural fit: We explore the elements of cultural fit for an advisor, red flags warning of a poor fit, and cultural alignment over the long term, with Jodie Papike, President of Cross-Search; Jeff Nash, CEO and Co-Founder of Bridgemark Strategies; and Louis Diamond, President of Diamond Consultants.

A guide to marketing compliance: SEC enforcement actions reveal details on what it expects for Marketing Rule compliance. Taking cues from these actions, Thayne Gould, a Director at Vigilant, sets out the best ways to comply with the Marketing Rule, including examinations, converting to the new rules, automation, performance presentation and more.

Good, but misunderstood: Libet Anderson, President, Wealth Management at Concourse Financial Group, explains that financial advisors sometimes get a bad rap with clients and prospects because of past crises and scandals that were unrelated to the advisors, as well as misunderstood concepts that, when properly understood, are in fact beneficial to clients.

Merged and rebranded: Adviser Investments rebranded itself as RWA Wealth Partners following its merger with Ropes Wealth Advisors, and plans to elevate its services to ultra-high and high net worth clients. Mario Ramos, CEO of RWA Wealth Partners, and Michelle Knight, President of its Ropes Wealth Advisors division, provide commentary.

Hightower in Orlando: Hightower made a strategic investment in Resource Consulting Group, a $2.5 billion Florida-based fee-only RIA that serves institutions and high net worth clients. Hightower Chairman and CEO Bob Oros provides comments, along with Resource Consulting Group’s President and CEO Gregg Biro and Founder Mike Davis.

Atria’s SPF strikes new deal: Sorrento Pacific Financial (SPF), a subsidiary of Atria Wealth Solutions, partnered with Bankoh Investment Services (BISI), a subsidiary of Bank of Hawai‘i. BISI CEO and President Christopher Otto comments, along with Brian Bichler, Co-Head of Atria’s Financial Institution channel, and Atria COO and Founding Partner Eugene Elias, Jr.

Are you happy with your wealthtech service providers? Need them to improve? Take the T3/Inside Information Software Survey.

Share our articles via email and LinkedIn and let us know your views and suggestions!

Larry Roth
CEO
Wealth Solutions Report

Larry Roth

Larry Roth

As founder and CEO, Larry Roth guides Wealth Solutions Report's direction and provides wealth industry commentary. Former CEO of Advisor Group (Osaic) and Cetera. Founder and Managing Partner of Ascentix Partners and board member at wealth firms.

All articles

More in Letters From Larry

See all

More from Larry Roth

See all

From our partners