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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.

Author Oisin Breen November 29, 2023 at 3:23 AM
no description available
Joe Duran: 'At Rise we are the growth capital partner.'
Brooke Southall and Keith Girard contributed to the editing of this article.

People Moves

John Ria

John Ria

November 29, 2023 — 3:48 AM
Sounds like he is creating Focus Financial 2.0
brooke southall

brooke southall

November 29, 2023 — 3:56 AM
One difference from Focus is that it bought 50% vs. 30% with Rise, but maybe that means less than it appears. Focus also saw itself as 'permanent capital'.
Marcel Dawson

Marcel Dawson

November 29, 2023 — 10:30 AM
It's all coming together, bravo!
John Ria

John Ria

November 29, 2023 — 3:02 PM
Focus was permanent until they sold to CDR

Related Moves

February 8, 2023 at 3:03 AM

Marc Spilker adds Matt Brinker as chess piece -- and partner -- in what he calls a 'very selective' talent add to build platform-for-RIA platforms outside Wall Street

Merchant Investment Management's executive chairman wants good people good at their job and Brinker likes having a breakaway Goldman partner rather than one captive to the Wall Street giant.

January 15, 2020 at 2:42 AM

Goldman Sachs & Co. appoints Rachel Schnoll to yank off United Capital band-aid that Joe Duran didn't -- making FinLife work with non-UC applications

The New York-based investment bank has the cash and people to do the combinations -- especially Goldman software -- that the roll-up's founder couldn't afford or didn't want to advantage

November 8, 2019 at 4:52 AM

Goldman Sachs closes United Capital deal and Matt Brinker, Joe Duran's wingman, exits with social media swan song on same day

The M&A chief's departure from the Newport Beach, Calif. roll-up may signal that its rolling-up days are over

July 18, 2019 at 6:13 PM

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Mentioned in this article:

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

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