What went down at Barron's Top Independent Advisors Summit in the Arizona desert
Many of the biggest and best RIA stars showed up and put Bernie Clark, Mike Durbin, Tom Nally, Mark Tibergien, Bill Dwyer, Charles Goldman and Barnaby Grist in one room
Fidelity
|Pershing
|TD Ameritrade
|LPL
|Barron's
|Cetera
|Carson Wealth Management
|Stark and Stark
|Swhab
Elmer Rich III
It would be productive if the industry was, and it’s leaders were, mature enough to not make conferences just about sales pitches. Also, having presentations based on independent and objective evidence and research would be useful.
Of course, the hype, “happy talk” and self congratulations are just tactics supporting non-stop sales pitches.
Imagine if doctor’s professional conferences were similarly self- congratulatory and sales-driven? What would patient’s think? What would our medical care be like? That would be scary.
There is just a baseline inability to face and discuss substantive matters at financial services conferences. For example, so called “best practices.” What is the evidence, research supporting any of these claims? None. It’s just story-telling, and anecdotal experience. Guess work and opinions — at best.
Does anyone offer independent validation that their latest products and offerings work? No.
But ours is a young profession. It will take a few decades to reach maturity — hopefully. In the meantime — ho hum.
Related Moves
Mark Tibergien sets up Ben Harrison to challenge Schwabitrade with a $150 million cut to Pershing's minimum and millions more to develop Veo-busting technology
The CEO suite hand-off in Jersey City pulls a trigger on a plan to bypass Fidelity's and eventually Schwab's custody units by luring disaffected RIAs.
March 11, 2020 at 7:58 AM
The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.
June 7, 2024 at 11:17 PM
Burt White is busy re-staffing Carson Wealth with trusted non-Carson executives but the new CEO is caught in classic Catch-22 as villain and white knight in alleged sex assault suit
The case raises questions about the perils of how RIAs deal with sexually charged allegations in the financial services workplace.
April 26, 2024 at 2:50 AM
Ron Carson is out as Carson Wealth CEO three years after Bain buys a big stake and subdued asset growth persists; Ron Carson pivots life toward leading a 'movement'
The majority owner of the $35-billion RIA remains chairman but will shift focus to 'humanitarian' concerns
April 10, 2024 at 2:54 AM
See more related moves
LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold
Stark & Stark
Legal Services for RIAs
Top Executive: Tom Giachetti
TD Ameritrade
Asset Custodian
Top Executive: Tom Nally
Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien
Carson Group
Consulting Firm
Top Executive: Ron Carson
Cetera Financial Group
RIA-Friendly Broker-Dealer
Top Executive: Larry Roth
