Big Midwestern RIA hires away a Fidelity exec to realize its $50 billion plan
Mariner Wealth Advisors has reached a critical size where professional management is called for
Elmer Rich III
There is good and growing research from the likes of University of Chicago business school and McKinsey consulting that the only factor in a businesses’ success is whether the firm is in a growing market or not.
Business processes, leadership/people, marketing, technology, etc. appear to matter little if a firm is sailing with the “winds” of demand or against them.
We find the best guidance we give our client is to avoid markets with no current demand and to hyper-focus on the parts of their business where clients are clamoring for services and products.
Often that is hard. Our own ideas, plans, wishes and certainties get in the way.
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June 29, 2024 at 3:00 AM
Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?
With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.
April 2, 2024 at 1:28 AM
Plague of failed hires at strapped RIA firms 'come back to bite them,' making the process of closing bandwidth deficits falter, two new studies show
Turnover rates hover near 50%, Cerulli and Ensemble report, and may be worsening as hires in market of talent scarcity has inevitable backlash.
February 28, 2024 at 3:36 AM
Joanna Rotenberg is departing Fidelity Investments after only two years, writing that she traveled 20,000 miles and successfully split her retail division into wealth and brokerage units
At her hire, analysts were adamant the head of Fidelity retail had 'big shoes to fill' to replace legendary Kathleen Murphy and her task of 'digitiizing' retail was no small ask
December 16, 2023 at 2:22 AM
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