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Articles tagged "Mark Tibergien"


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Cheryl Bicknell: It's only the first bite of the apple.

Cheryl Bicknell drops the largest on-stage news bomb, and Dan Seivert's revenge event in sparkling San Diego got a WTH explanation for those 20-times multiples

The Mariner Wealth COO says her Kansas company will spike headcount 400% in a 'few' years, fitting the Dealmakers confab mission to explain the inexplicably soaring RIA deal volumes, runaway valuations, and a future where it's only expected to accelerate.

September 7, 2022 at 1:41 AM

Philip Palaveev: Spending time and resources to train the next generation [of leaders] is almost never unsuccessful.

Hightower Advisors pairs 'Moss Adams' whip-crack training with latest (reported) $600 million Goldman Sachs-led capital raise to give organic, and inorganic, growth a better chance

ex-Mark Tibergien protégé, Philip Palaveev, designs failable two-year management program for Hightower advisors, using Fidelity G2 Leadership Institute as a template -- and his marathon career as the teachable metaphor

November 2, 2020 at 10:32 PM

Mark Tibergien: There were at one time five potential candidates ... [and] these were all qualified leaders with the potential for long-term impact on the company.

Behind the scenes, Ben Harrison's rise to replace Mark Tibergien at Pershing was more shock and awe than a symphonic succession

Harrison's appointment was baked in the cake -- or not -- and Tibergien departed with Swiss-watch precision in Moss Adams-style--or not.

March 13, 2020 at 7:22 AM

Ben Harrison: We’re not in any business at Pershing not to be a market leader ... We don’t aspire to be two or three … [and] we’re moving in that direction.

Mark Tibergien sets up Ben Harrison to challenge Schwabitrade with a $150 million cut to Pershing's minimum and millions more to develop Veo-busting technology

The CEO suite hand-off in Jersey City pulls a trigger on a plan to bypass Fidelity's and eventually Schwab's custody units by luring disaffected RIAs.

March 11, 2020 at 7:58 AM

Ben Harrison: No other custodian is doing this [cash sweep to high-yield third parties] because it cuts too much into their revenue stream.

Pershing finally matches Schwab on zero-fee trades but it offers big incentives to pay a subscription fee to score perks like auto-sweep to in-house Flourish/Stonecastle-type FDIC cash manager

The Jersey City, N.J. custodian is seeking to disrupt custody's Big Three on value and price by giving RIAs a much better cash choice than having it swept to an in-house bank

March 6, 2020 at 3:34 AM

Mark Tibergien's longevity, pedagogy, warmth, mentorship and fount of fresh wisdom makes many people in the industry think nothing of describing him as "great."

The great Mark Tibergien is set to step down from CEO of Pershing Advisor Services to make way for heir apparent Ben Harrison

The RIA custody chief is a tireless and personable leader, consultant and guru who leaves BNY Mellon's RIA custody unit as its mission radically shifts

March 4, 2020 at 4:16 AM

Dan Seivert: While only 3% of the total population, billion-dollar plus [AUM] firms control 56% of the assets .

RIA buyers charge to Newport Beach moaning a familiar refrain: Not enough sellers! Yet, not one believes that RIA M&A is a bubble... much

Roll-ups, serial buyers and merger-minded RIAs still want to deals but fears creep up -- especially for $1B-plus AUM RIAs -- too much money is chasing too few deals.

September 9, 2019 at 9:00 PM

Lisa Dolly, "dyed-in-the-wool Pershing" declined to explain her departure -- even in the press release.

What to make of Pershing CEO Lisa Dolly's surprise exit and the sped-up entry of 35-year Pershing veteran Jim Crowley

When Dolly and Lori Hardwick were promoted, bing, bing, in 2016, Pershing experienced a lift but here comes 'charismatic' and 'RIA-familiar' Jim Crowley

May 9, 2019 at 2:18 AM

BNY Mellon CEO Charles Scharf has a catbird seat for viewing the success of the RIA business

BNY Mellon's new CEO is an RIA fan, and Pershing Advisor Solutions made a big personnel move to reflect it

Charles Scharf loosened the Pershing purse strings for Mark Tibergien who created 'head of platforms' position for Christina Townsend

March 12, 2019 at 10:14 PM

Bob Guillocheau: [This] most certainly isn’t a climb-down; to the contrary, I’d say that it reflects our existing owners’ bullishness.

After $2-billion asking price for Ascensus gets no bites, Genstar and Aquiline opt to sell 25% stake to juice roll-up kitty

Atlas Merchant Capital and GIC are the new financiers but the capital raise suggests inorganic growth is still Plan A

March 11, 2019 at 6:39 PM

David Welling: PE hold periods may average 5-7 years, but their funds are often in vehicles that can stretch up to 20 years.

Mark Tibergien and Dan Seivert Listen Up! Dave Welling explains why rising private equity involvement in the RIA business is flat-out great

Though not all liquidity comes with good or smart intentions, it beats the alternative: 'Stalled investment stalls growth, stalls innovation in the client experience and caps opportunities for the second generation'

October 22, 2018 at 11:32 PM

Dan Seivert (r.): The private equity guys are just phoning it in and not getting to know advisors.

Dan Seivert and Mark Tibergien karate chop private equity investors for being little more than financial engineers in RIA orbit

The CEO of ECHELON and the CEO of Pershing Advisor Solutions describe the investors like hedge funds that make savvy purchases of depleted oil wells

October 8, 2018 at 7:22 PM

Kayla Kennelly: [I] became infatuated with the [Facet] mission. When the opportunity came to take part in it, at a time in my personal life where it made sense, I decided to go for it.

Facet Wealth appoints Mark Tibergien's 'reverse mentor,' Kayla Kennelly, to woo cast-off RIA clients, a boon to a mass affluent strategy that's failed more than once

Kayla Kennelly will play a key role for Anders Jones' startup, which got $33 million of VC money two weeks ago to accelerate its plan to roll-up small, unwanted RIA accounts

September 25, 2018 at 10:31 PM

Focus co-founders Lenny Chang, Rajini Kodialam and Rudy Adolf have gotten Focus Financial to the brink of an IPO.

In another go-go sign, Focus Financial moves up IPO trade date to as early as Monday

After New York roll-up CEO Rudy Adolf completes bang-up road show that emboldened share-price leap, time is of the essence

July 20, 2018 at 9:58 PM

Anton Kuzmanov: Private equity understands us.

Why Financial Engines undid its IPO, and what it says about the succession-phobia still paralyzing the RIA business

DeVoe & Co.'s annual event in San Francisco featured RIA-merger rock stars-- Mercer, CAPTRUST and Financial Engines -- whose comments revealed not a note of gloat

July 2, 2018 at 2:47 AM

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