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The 10 most influential figures in the RIA business going into 2012, Part 2

These advisors and executives made dramatic moves that advanced the business of registered investment advisors

Author Dina Hampton and Brooke Southall January 4, 2012 at 5:46 AM
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Peter Hess drove the Advent-Black Diamond merger and may have created an RIA-friendly monster.

Jeff Spears

Jeff Spears

January 4, 2012 — 7:55 PM

Impressive list, all chasing the same dream – create a national/scalable brand. Isn’t this the business model that caused professionals to break away from large firms?

Mike Wilson

Mike Wilson

January 5, 2012 — 2:55 AM

Would like to know the answer to Jeff’s question as well.

Brooke Southall

Brooke Southall

January 5, 2012 — 3:44 AM

Yes, that’s a big question. For my thoughts on that, look here: http://www.riabiz.com/a/9228337

I have my eyes peeled for a secondary breakaway movement from these firms. That may be an acid test.

Bill Winterberg

Bill Winterberg

January 6, 2012 — 1:53 AM

And just like that, roughly 24 hours from posting Advent’s Hess as RIABiz’s #1 influential figure for 2012, he gets selected to succeed current CEO Stephanie DiMarco on July 1. How about that?!?

<a href="http://blogs.advent.com/executive-view/2012/01/05/2012-opportunities-in-change/" rel="nofollow">http://blogs.advent.com/executive-view/2012/01/05/2012-opportunities-in-change/</a>

Brooke Southall

Brooke Southall

January 6, 2012 — 5:01 AM

Thanks for noticing, Bill. We strive to wag dogs. And we’re about to publish an article about the succession.

Brooke


Related Moves

With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO

CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals

August 13, 2022 at 12:39 AM

Joe Duran's second RIA act is rocking with eight staff, four co-founders and a conspicuously anti-United Capital concept that will flip RIA stakes 'eventually' as a minority investor

The United Capital founder paradoxically promises to 'passively' buy minority stakes as a backdrop for going hyper-active with quick-strike capability to apply super-consulting and technology to create explosive growth as a prelude to a sale.

November 29, 2023 at 3:23 AM

Focus Financial makes 'abrupt' CEO call, lets Rudy Adolf go into 'retirement,' with 'no solution in place;' the eighth RIA chief executive unseated since June as VCs move in -- where is the EBITDA?

Clayton, Dubilier & Rice closed on its $7-billion purchase of the roll-up on Aug. 31 -- with no hint that its parting of the ways with legendary 60-year-old founder was in the offing.

October 24, 2023 at 1:19 AM

July 11, 2023 at 2:46 AM

See more related moves

Mentioned in this article:

MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger

United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran

Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf



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