Peter Mallouk buys a stake in Trizic
Barron's No. 1 advisor is likely to have his $12-billion RIA, Creative Planning, become a Trizic client
The new 'Tony Robbins' book debut coincides with Ajay Gupta revealing plan to retire, which leaves Creative Planning to keep the referral spoils with Robbins down to a 'with' credit on the cover
Peter Mallouk's and Robbins' book, 'The Path: Accelerating Your Journey to Financial Freedom,' was released this week through a new publisher and word got out that 50 year-old Gupta was departing with little explanation
October 16, 2020 at 7:49 PM
How Edelman Financial Engines spin-off deal became a RetireOne engine that's heating up the RIA annuity game again
The fee-based annuities marketplace of Aria Retirement Solutions adds Edelman's broker-dealer, 6,000 clients, 'hundreds of millions' in client assets and an old hand
November 20, 2019 at 10:19 PM
RIA Serving Other RIAs
Top Executive: Peter Mallouk, JD, MBA, CFP®
The significance of Trizic being acquired by Peter Mallouk is that portfolio construction is treated as an expert technology rather than an expensive outsourced asset management function. This allows Mallouk to greatly streamline cost, gain control advisor margins, greatly enhances the level of portfolio detail that can be directly managed, supercharges the advisor value proposition and is consistent with professional standing as required by statute requiring continuous comprehensive counsel. This is clearly not an extrapolation of pervasive brokerage advice products but a rare example of an Advisor taking control of their value proposition in the best interest of the investing public.
This new advisory business model has largely been aspirational until now. Mallouk has made a superior value proposition possible in the client’s best interest at a lower cost while generating higher advisor margins. This is presently not possible in a brokerage format. Consumer’s and advisors love it. What is not to like.