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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

Friday, December 9, 2011 – 5:20 AM by Steve Garmhausen
Admin:
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Brian O'Regan: I love building things and I could do that both with Fidelity and Mariner.

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Fidelity Investments loses Kathleen Murphy who largely caught up Fido to Schwab (near $4T) on the retail side by reversing net promoter scores

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January 23, 2021 – 2:02 AM

Fidelity Institutional looks like a big TAMP after Mike Durbin removes last internal walls between products and advisors after 'meteoric' 2019 leap; two Fido RIA sales legends depart amid the shift

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March 13, 2020 – 10:36 PM

TD Ameritrade's board suddenly pushes out Tim Hockey after his big misread of RIAs; Tom Bradley name-dropped as successor

The CEO broke the TD promise never to compete with RIAs, took it back and got sent packing

July 23, 2019 – 4:30 AM

Capital Group miraculously recovered after deep 2008 dive but RIA help may get No. 2 American Funds through the next downturn under new CEO

Matthew O’Connor takes the CEO helm of the giant LA-based active manager from Kevin Clifford with conviction not to jam the rudder hard but to be open to new markets

November 2, 2018 – 9:26 PM


Mentioned in this article:

Mariner Wealth Advisors
RIA Welcoming Breakaways, RIA Serving Endowments/Foundations, Advisory Firm
Top Executive: Marty Bicknell

The Ensemble Practice LLC
Consulting Firm
Top Executive: Philip Palaveev




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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