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Philip Palaveev hangs out his shingle with a new consulting model for RIAs and a money-back guarantee

The former Moss Adams star will still serve the Fusion constituency but The Ensemble Practice LLC will let him spread his wings, too

Author Brooke Southall September 7, 2012 at 4:05 AM
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Philip Palaveev: If it meant leaving Fusion behind, God knows what decision I would have made.

Philip Palaveev

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Timothy Welsh

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James Poer

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Victoria Godyn


Maria Marsala

Maria Marsala

September 7, 2012 — 5:34 AM

Best of success to this new company. Getting FAs away from their office and sharing information is a key to their growth. That’s why masterminds or peer coaching groups have long been very successful.

While there are canned coaching programs, I’ve seen canned management consulting programs, too. Over time, you see what works, and offer it as a program. But for most coaches, that’s just part of what we offer customers.

But like advisors, a few portfolio types are helpful to your ideal clients, as long as they also contain some flexibility. Flexibility is the key whether a management consulting program, coaching program, or business advising program. Why? Because we’re in business to help our customers.

What works best in a situation is what will help the customer the best. Coaching works. Management Consulting works. As do other modalities. But it all works the best when the customers are informed, motivated and willing to make changes.

Jim Cannon

Jim Cannon

September 8, 2012 — 11:08 PM

No question Philip Palaveev will have great success with this venture. It goes without saying the ensemble model drives significant growth if properly executed by aligned principals. Having compatible partners and a program such as this or a way to instill discipline and accountability are key ingredients.

On paper, this approach seems highly viable, but in practice it remains difficult to execute. This is just one reason we continue to see independent, solo advisors seeking support structures where they can access expanded services, an accountability mechanism by working with other experts and the peace of mind of knowing they simply don’t have to go at it along.


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Mentioned in this article:

Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh

Moss Adams
Consulting Firm
Top Executive: Rebecca Pomering

The Ensemble Practice LLC
Consulting Firm
Top Executive: Philip Palaveev



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