RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

How exactly five ex-Barclays advisors and one analyst across three time zones combined to make a $3 billion RIA

A 38-year-old researcher played point man in the offensive that formed Summit Trail Advisors with offices in New York, Chicago and San Francisco

Author Lisa Shidler August 3, 2015 at 6:35 PM
Admin:
no description available
Dave Romhilt: I was having all of these conversations separately and Tom Palecek said, 'What are we going to do about this?'

Jeff Spears

Jeff Spears

August 3, 2015 — 9:10 PM

An impressive story that reminds me of the successful strategy of independent firm Argos Wealth Advisors.

A huge advantage that most independent wealth management firms do not take advantage of is their ability to work with early life cycle money managers who have a better chance of providing alpha..

Investor

Investor

August 6, 2015 — 3:39 PM

Summit Trail talks a lot about research and offering other investments that weren’t available to them in the past. Where are they getting their research…are they using a product to gain access to this data?

brooke southall

brooke southall

August 6, 2015 — 4:40 PM

Investor,

Unless I’m mistaken they are using Callan Research. I think that is the Dynasty standard.

Brooke

Investor

Investor

August 6, 2015 — 5:19 PM

Brooke,
I found out. They’re using Smart Vision by evestment. I believe most large firms use evestment.

camelia waxman

camelia waxman

May 24, 2016 — 1:06 AM

Useful writing . I was enlightened by the facts , Does someone know if my assistant could locate a blank Form 1 copy to complete ?


Related Moves

Shirl Penney hands over 'front end of the house' to Andrew Marsh as Dynasty reboots -- post-$100-million raise, post-IPO withdrawal and post-Schwab partnering

The Dynasty CEO is handing over sales, custody relations, breakaways and M&A sales to the un-retired Canadian -- and wildly promoting from within.

September 21, 2023 at 1:53 AM

After 13 years in the Shirl shadow, Ed Swenson gets a mandate to grow a $20-billion corporate RIA as old AIG IBD unit, Advisor Group, reorganizes and seeks new brand identity

The Dynasty veteran is key man in Jamie Price effort to take Advsior Group and finally streamline and up-RIA it for a new era.

June 6, 2023 at 1:46 AM

Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings

Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'

January 19, 2023 at 3:31 AM

Dynasty Financial hires 'real deal' TD Ameritrade RIA sales talent who left after Schwab deal; he'll again mine for RIAs on Florida's Gold Coast--first big news since IPO disclosed

The St. Peterburg, Fla., technology outsourcer made its 10th Florida hire since start of year but first one on the state's Southeastern Coast

February 17, 2022 at 2:50 AM

See more related moves

Mentioned in this article:

Fidelity
Asset Custodian
Top Executive: Sanjiv Mirchandani



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo