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Advizent will close its doors after a final flurry of negotiations

Charles Goldman and Steve Lockshin had a moment of truth after receiving offers for funding

Author Brooke Southall March 28, 2013 at 11:43 AM
1 Comment
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Charles Goldman: Once you take someone else's money, you have a commitment.

Charles Goldman


Barnaby Grist


Steve Lockshin

Dave Welling

Dave Welling

March 28, 2013 — 5:09 PM

I think the industry should thank Charles, Steve and their team for taking on a critical topic but also a daunting challenge. The RIA industry has grown significantly, yet advisors continue to cite marketing and growth as their biggest challenges. Combine that with investors who are at best confused about the differences between advisors and at worst still massively distrustful and skeptical, and this was a great idea and still something the industry needs to grapple with. This leaves the education and category development in the hands of custodians and associations. Hopefully they will continue to advance their education efforts or (in time) change their stance on supporting an effort like this that would have benefited all.

Best of luck to Charles, Steve and the team… hopefully you will find other ways to help this great industry.

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