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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

Author Steve Garmhausen December 9, 2011 at 5:20 AM
1 Comment
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Brian O'Regan: I love building things and I could do that both with Fidelity and Mariner.

Marty Bicknell

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Philip Palaveev

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Brian O'Regan


Elmer Rich III

Elmer Rich III

December 12, 2011 — 5:29 PM

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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April 2, 2024 at 1:28 AM

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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

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December 16, 2023 at 2:22 AM

Biz Briefs: The sorry scene at my local First Republic branch • Schwab launches new (smaller) lay-off round • Schwab hoovers pennies passing FINRA fee to clients • Gensler pleas for funds • Fidelity owner's private equity pres. retires • an Orion-Envestnet staff switcheroo • LPL dumps FutureAdvisor

Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

April 29, 2023 at 1:36 AM

See more related moves

Mentioned in this article:

Mariner
RIA Welcoming Breakaways, RIA Seeking to Hire Advisors, Advisory Firm
Top Executive: Marty Bicknell

The Ensemble Practice LLC
Consulting Firm
Top Executive: Philip Palaveev



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