September’s most-read stories included two of our recently launched podcasts, and examined how advisors can build firms for a future beyond their founders, evaluate capital options and prepare for M&A. Readers also followed Oppenheimer’s expansion in athlete wealth management and Envestnet’s agreement to acquire Vestmark.
Stop Building A Practice. Start Building An Enterprise.
Jason Inglis, Chief Development Officer of Trilogy Financial, argues that advisors can build more durable enterprises by institutionalizing client relationships, documenting processes and developing leaders, reducing dependence on founders, and strengthening growth and succession.
Oppenheimer Hires Former UNC Basketball Star To Expand Athlete Wealth Business
Oppenheimer hired former UNC basketball star Joel Berry II from Truist Financial to join its Robinson Private Client Group in Winston-Salem, North Carolina, which advises on more than $6 billion in client assets, with a focus on athletes navigating NIL deals and college sports revenue sharing.
Dynasty’s Harris Baltch Explains Capital Choices For RIA Growth And Succession
Harris Baltch, Managing Director and Co-Head of Investment Banking at Dynasty Investment Bank, speaks with WSR Editor in Chief Julius Buchanan about RIA capital options, including debt, minority investments, full sales and revenue participation, and how those choices affect growth, succession and control.
Envestnet’s Deal To Buy Vestmark Makes Sense For Both Firms, Wealthtech Expert Says
Envestnet agreed to acquire Vestmark, adding trading, tax-transition and portfolio management capabilities, with T3’s Joel Bruckenstein pointing to greater scale and access to wirehouses as key benefits of the transaction.
Berkshire’s Jon Stern Discusses The Drivers Of Wealth Management M&A
Jon Stern, Partner at Berkshire Global Advisors, speaks with WSR CEO Larry Roth about wealth management buyer models, valuation factors and transaction structures, including the questions firm owners should consider when evaluating a potential partner or investment banker.
Wealth Solutions Report can be reached at info@wealthsolutionsreport.com.
