How the Facebook IPO is creating the mother of all RIAs, Iconiq, and what an in-your-face it is for Wall Street
Breakaway out of Morgan Stanley, Divesh Makan, attracts the Mark Zuckerbergs and Sheryl Sandbergs of the world with his pedigree and presence
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UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.
July 16, 2022 at 1:35 AM
With Justin Wisz gone, Vestorly's new CEO jibes to algorithm licensing tack, wins Hootsuite and knocks old model, saying market is saturated by competitors
Ralph Pahlmeyer will play to his firm's sifting strengths, seek enterprise deals and think more like a software executive
November 21, 2018 at 7:09 AM
Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees
The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors
February 17, 2023 at 2:49 AM
Farther struts its startup magic and shows why a $375-million RIA can be worth $50 million -- by getting four advisors to bring books of business just to be part of the enterprise
The San Francisco firm claimed its software was at another level and now advisors are betting careers on it, though not of the UHNW variety imagined
November 2, 2022 at 3:27 AM
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Advisor Growth Strategies, LLC
Consulting Firm
Top Executive: John Furey
Bill Winterberg
I’m not surprised you made little progress with Addepar. They, too, have declined my requests for interviews.
Addepar’s current sweet spot are the ultra-HNW and family offices like Iconiq, not the traditional RIA market.
Jeff Spears
Iconiq joins the ranks of LARGE Independent firms founded by ex-Wall Street brokers – Lumious, Constellation, Three Bridge, Seven Post, Argos, BBR and The Presidio Group.
These successful moves have definitely made the remaining corner office teams on Wall Street take notice.
If Facebook shareholders follow the same path that Google shareholders did they will start with the brand names and move to independents RIAs once they are more knowledgable and liquid.
Greg Brown
What a success story. A lot of us were wondering where all that wealth would end up.
Considering what little access you were given its great work and an interesting story by both of you!
Congrats Kelly and Brooke.
