News, Vision & Voice for the Advisory Community


The upper RIA echelon mass-exit is now at 25 execs and counting -- for 25 'reasons' -- but it's hardly a coincidence, analysts say

Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.

Author Lisa Shidler June 7, 2024 at 11:17 PM
no description available
Cecile Munoz: They're burned out and emotionally drained,
Brooke Southall and Keith Girard contributed to the editing of this article.

People Moves

Quincy Hall

Quincy Hall

June 8, 2024 — 2:49 AM
Feel maybe just maybe there's a possibility of genuine innovation. A period of unfettered free thinking and new ideas. Actual actual this time. I hope it happens. You look at all these old school musicians (and others) that talk about "a journey" where nothing was manufactured and they were just flying by the seat of their pants, backs against the wall, almost desperate. The best stuff just seems to pop out when that happens. Why is that?


June 8, 2024 — 6:38 PM
I would love to see some follow-up stories/coverage in this Publication regarding John Bunch at Allworth and Natalie Wolfsen at Orion. Seems some folks don’t get quite the same media and press coverage as Founders relative to Non-Founders and Executive Management
Brian Murphy

Brian Murphy

June 10, 2024 — 11:02 PM
Seems to me that all this seat shifting points to a need to rethink what exactly is "financial management" and how it is delivered. Innovation on deck. Also seems that there's a nice cadre of potential advisers for those new, innovative entrepreneurs. Godspeed.

Related Moves

May 25, 2024 at 2:45 AM

Burt White is busy re-staffing Carson Wealth with trusted non-Carson executives but the new CEO is caught in classic Catch-22 as villain and white knight in alleged sex assault suit

The case raises questions about the perils of how RIAs deal with sexually charged allegations in the financial services workplace.

April 26, 2024 at 2:50 AM

April 10, 2024 at 2:54 AM

Tim Buckley sends shockwaves by retiring as Vanguard CEO after adding $750 billion per year during his stay in the executive suite

The 54 year-old lasted just over six years in the job, delivered on targets, but he also made head-scratching decisions and never solved its technology woes

March 1, 2024 at 3:35 AM

See more related moves

Mentioned in this article:

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

Tech: Other
Top Executive: Aaron Klein

Carson Group
Consulting Firm
Top Executive: Ron Carson

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