Advizent will close its doors after a final flurry of negotiations
Charles Goldman and Steve Lockshin had a moment of truth after receiving offers for funding
Related Moves
AssetMark suddenly parts ways with president/CEO Charles Goldman; protégé Natalie Wolfsen named CEO; Michael Kim president
AssetMark chairwoman Xiaoning Jiao provided no details, faint praise for Goldman amid his unexpected departure, but was effusive over Wolfsen appointment.
February 24, 2021 at 3:31 AM
Mike Alfred scores headhunt coup by hiring brother, Ryan -- and, oh yeah, he raised $6 million
The co-founder and CEO of Digital Assets Data not only got his ace sibling but co-founder Kurt Fenstermacher, ex-Bridgewater, took over as COO changing the trajectory of the startup
April 30, 2019 at 5:25 PM
RIA in a Box gunning for top-notch staff as it readies for Aquiline-fueled roll-up binge, targeting old-school, mom-and-pop compliance competitors
With Ascensus also in its portfolio, Aquiline is showing a penchant for taking dull, fragmented, unloved wealth-management niche businesses and rolling them up into sexier firms
November 29, 2018 at 11:54 PM
BrightScope, Inc.
Data and ratings for RIAs
Dave Welling
I think the industry should thank Charles, Steve and their team for taking on a critical topic but also a daunting challenge. The RIA industry has grown significantly, yet advisors continue to cite marketing and growth as their biggest challenges. Combine that with investors who are at best confused about the differences between advisors and at worst still massively distrustful and skeptical, and this was a great idea and still something the industry needs to grapple with. This leaves the education and category development in the hands of custodians and associations. Hopefully they will continue to advance their education efforts or (in time) change their stance on supporting an effort like this that would have benefited all.
Best of luck to Charles, Steve and the team… hopefully you will find other ways to help this great industry.
