Nov 23, 2023
Orion rescinds RTO order after its staff rebels by hijacking company email list, distributing petition and tipping off RIA media
CEO Natalie Wolfsen suffers first setback and rescinds a return-to-office (RTO) policy after week of protest to work on a more collaborative agreement on a post-COVID new normal
Oct 23, 2023
Focus Financial makes 'abrupt' CEO call, lets Rudy Adolf go into 'retirement,' with 'no solution in place;' the eighth RIA chief executive unseated since June as VCs move in -- where is the EBITDA?
Clayton, Dubilier & Rice closed on its $7-billion purchase of the roll-up on Aug. 31 -- with no hint that its parting of the ways with legendary 60-year-old founder was in the offing.
Sep 28, 2023
After false start, Goldman Sachs unloads high net worth unit to high-flying Peter Mallouk whose wide-spectrum offer won 'United Capital' in eight days
The Creative Planning CEO only paid a 'not material' price to Goldman Sachs to make a potentially quantum leap ahead toward dominance in the 'national RIA' race
Sep 7, 2023
Seven 'RIA' chief executives are stepping aside for CEO 'operators' as PE backers get 'trigger' happy in adverse market; here are their stories
Whether it's Edelman Financial Engines, SMArtX, Allworth or InvestCloud, the re-CEO-ing process follows a fat 2020 capital raise and thinner results in stormy financial markets.
Aug 3, 2023
Scott Hanson and Pat McClain throw off 'death grip' of 'cognitive dissonance' by stepping down from co-CEO positions, which one attests could 'suck the life' from him
The radio-star serial co-founders of an $18-billion RIA growth machine in Folsom, Calif., aren't apologizing and shouldn't, experts say -- rather they probably should take a bow for decisive action.
Jul 12, 2023
In apparent reversal, Charles Schwab Corp. is telling thousands of staffers in five cities to work from home -- six more cities, including its old San Francisco headquarters, are on the chopping block
The Westlake, Texas, company broke the news to staff in a memo obtained by RIABiz, announcing a mass downsizing of office space that could slash overhead
Jul 12, 2023
AI’s Impact on Organizational Strategies Across Wealth Management Firms
Artificial intelligence will drive accelerated changes to everything from compliance and regulatory staffing to professional development and training
Jul 7, 2023
Rich Steinmeier power poaches Jeremy Holly, who returns to LPL as EVP to head Dan Arnold-directed 'liquidity' project to buy -- but not hold -- LPL firms
Holly had bolted LPL for SageView with fanfare but he retained a fanbase back in San Diego which dreamed up a dream job for him
Jun 20, 2023
Douglas Elliman Inc. Launches CFO Search
Reflects Douglas Elliman’s Strong Progress in Establishing Independent Corporate Infrastructure Since Spin-off from Vector Group and Plans to Phase Out Transition Services Agreement
Oct 21, 2022
Dave Welling's rollup hits $39 billion of AUM and hires a 37- year-old breakaway from BlackRock to turn internal five-click shopping into a 'single conversation'
The Mercer Advisors CEO in Denver now has a 'president' reporting to him from the Big Apple to take on the specific mission of wiring a national RIA, rather than day-to-day operations at a rollup.
Feb 28, 2022
Human Capital Corner: Advance Through Diversity of Thought and Experience
Franklin Templeton and Village Roadshow Executives advise a mindset change on the benefits of diversity and capabilities of diverse talent.
Nov 8, 2021
Human Capital Corner: FAs Must Go Beyond Technical Expertise to Drive Effective Post-Pandemic Client Service
With technology ubiquitous and remote work the norm, wealth management firms are focusing on helping FAs drive deeper client relationships as planners and coaches.
Sep 27, 2021
Human Capital Corner: The Chief HR Officer as Chief Transformational Officer?
Cecile Munoz and Ellen Stanley discuss “Unlocking the Whole Human” approach to attract, engage, and retain top talent at Wealth Management firms.
Aug 20, 2021
Citing 100% increase in net new assets, Charles Schwab Corp. will give staff 5% 'special' pay raise that leaves one HR analyst doing a double-take
As talent wars rage in call center meccas like Dallas and business booms, the Westlake, Texas firm commits to a leap in overhead.
Jun 15, 2021
In the Suite Podcast #47: Redefining Leadership and Exploring Human Capital and Compassion with Cecile Munoz, Founder and President of U.S Executive Search & Consulting
We’re so excited to welcome Cecile Munoz, the CEO and President of U.S Executive Search & Consulting. There are many words used to describe Cecile Munoz – Founder, Serial Entrepreneur, Podcaster, and Ballroom dancer.
Feb 23, 2021
AssetMark suddenly parts ways with president/CEO Charles Goldman; protégé Natalie Wolfsen named CEO; Michael Kim president
AssetMark chairwoman Xiaoning Jiao provided no details, faint praise for Goldman amid his unexpected departure, but was effusive over Wolfsen appointment.
Oct 26, 2020
Goldman Sachs nabs TD Ameritrade's Darla Sipolt for RIA custody; Kate Healy, Jim Dario and Peter Dorsey are among 1,000 staffers cut by Schwab post TD merger
Included in the wholesale reduction of the Omaha, Neb.-based broker's redundant talent, about 40% of TD Ameritrade's marketing staff also got word today they have no future with their San Francisco-based owner.
Oct 5, 2020
Between Now and Success Podcast: Adapting Your Leadership Style to Meet the Current Times: A conversation with Cecile Munoz
Imagine you’ve just given a fantastic presentation to a roomful of executives. You’re pumped because you know all your preparation and rehearsal paid off. And you can tell from the energy in the room that your audience was knocked out…
May 20, 2020
Bill Morrissey lands as president of Park Avenue Securities signalling parent Guardian Life Insurance may roll the dice on expansion and evolution
The LPL recruiting and development legend may get a mandate to charge up the insurer's middlebrow broker-dealer.