Berkeley professor challenges United Capital directors to act more like managers and less like entrepreneurs
Eat-what-you-kill mentality won't take a company to the next level
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Joe Duran will co-develop Goldman Sachs unit aimed at outsourcing to non-Goldman RIAs after 'magic' never materialized for direct-to-consumer RIA
The Newport Beach, Calif. RIA legend plans to shift from B2C to B2B to fix Goldman's disconnect with RIAs and play to the strengths for him and the bank
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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United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran
Monica V.
United Capital has always impressed me and I continue to be impressed with their vision & actions. It’s all too common for successful firms to rest on their laurels rather than seek out new ways to improve on what they have achieved. Kudos to Duran and his whole team for achieving success and recognizing the opportunity to take it even further as well as investing in themselves by holding this conference.
Anonymous
I’ve seen articles like this before and always have a lingering question about advisors publishing numbers of assets under management – generally just wonder about the accuracy of them and verifying their truth… What’s to stop someone from saying “we manage a billion dollars” or otherwise inflate their numbers for publications sake?
Elizabeth MacBride
Each advisor has to file form ADV with the SEC disclosing assets under management. We trust advisors will be truthful in the information they provide to us because they are accountable for accuracy to this regulator.
Anonymous
Right – I am aware of ADV’s – I guess the question is more how an individual advisor’s assets under management is derived or verifiable from a consolidated firm wide filed ADV – as a single advisor wouldn’t have filed a separate ADV, right?
Brooke Southall
We ask advisors the assets under management for their firm. We generally don’t ask for their personal book of business. An exception might be if a breakaway broker joined an existing firm and they were willing to divulge the size of their book of business that they brought with them. Again, I’ve made a practice of taking advisors at their word. Knock on wood, I’ve never known of a case where I was misled. And, I’m no expert, but I don’t believe there’s a separate, personal ADV.
