RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

What to make of Peter Mallouk's sweeping deal with Tony Robbins -- and where the unlikely pairing goes from here

After deliberately relinquishing his cherished anonymity, the CEO of $18-billion AUM is using the Robbins deals as part of a larger charge from the bulrushes

Author Brooke Southall April 5, 2016 at 3:58 AM
Admin:
no description available
Peter Mallouk: I basically said: I've got a bit of a monster here and what am I going to do?

Related Moves

The new 'Tony Robbins' book debut coincides with Ajay Gupta revealing plan to retire, which leaves Creative Planning to keep the referral spoils with Robbins down to a 'with' credit on the cover

Peter Mallouk's and Robbins' book, 'The Path: Accelerating Your Journey to Financial Freedom,' was released this week through a new publisher and word got out that 50 year-old Gupta was departing with little explanation

October 16, 2020 at 7:49 PM

Alan Moore is the No. 2 busiest man in the RIA business and he just convinced the No. 1 busiest man to budget $200,000 to hire a 'rockstar' to replace him

Alan Moore is CEO of both XY Planning Network and AdvicePay -- and he has three young kids; Michael Kitces agreed to let him hire a full-time replacement CEO for AdvicePay -- with some giant reqirements for the new exec.

February 14, 2023 at 3:15 AM

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

Five RIA Doubletakes: An RIA-only law firm breaks away • Kitces launches picker of 'best of breed' RIA software bundles • Vanguard targets 2070 just as media targets TDFs • SEC fishing for RegBI Scofflaws, including RIAs • CFP appoints first African-American chair

RIA Lawyers will reject RIA custodians• Kitces Nascar montage is now interactive and helpful • Vanguard's super long TDF draws critics• SEC supply lines are stretched with new battle front • Kamila Elliot is ex-DFA, diverse and calling CFP shots

January 12, 2022 at 3:13 AM

See more related moves

Mentioned in this article:

United Capital Financial Advisers
RIA Welcoming Breakaways
Top Executive: Joe Duran

Kitces.com
Consulting Firm
Top Executive: Michael Kitces

Creative Planning
RIA Serving Other RIAs
Top Executive: Peter Mallouk, JD, MBA, CFP®




Mr. RIA

Mr. RIA

April 5, 2016 — 7:37 PM

I hope Mallouk told Tony about his insurance company that he uses to sell commission products to his “fiduciary” clients. Also about his law firm which he owns and refers to.

This joker won best fee only firm a couple of years ago and he owns an insurance brokerage… which means he accepted the award fraudulently.

He says he’s going to give the profits from the insurance company to charity. Baloney. He’s going to shift costs to that unit so it doesn’t show profits.

Mr. RIA jr

Mr. RIA jr

January 6, 2017 — 7:45 PM
Mr. RIA, Good point but give it a rest. -Management
Paul

Paul

January 30, 2017 — 1:30 AM
Why doesn't Mallouk just divest his insurance holdings (or not sell them to Creative Planning RIA customers)? It would seem Creative Planning is a big enough deal, and its growth, that it would seem to be worth staying clean.
Jack

Jack

March 16, 2017 — 7:45 PM
Just read the book :) So is there a point investing 100k with Creative planning?
brooke southall

brooke southall

March 16, 2017 — 7:58 PM
Jack, So how was the book?! Brooke
Dan Geffen

Dan Geffen

March 20, 2017 — 8:51 PM
The book was fantastic. Go read it.
Michael Gerica

Michael Gerica

June 23, 2017 — 10:17 AM
I was going to invest a 100k and see, bad idea?
kalq

kalq

June 29, 2017 — 10:42 AM
how about invest with 10-20%max of that amount and "just see"..altho betting on black in vegas and "just see" can get you quicker results. how good or bad may depend on your karmic bank acct...
Jane Marston

Jane Marston

September 24, 2017 — 12:17 PM
Ethics from Mallouk's group??? They are like every other RIA in KC whether they have side relationships with others, or not. The ONLY thing they do as promised - is to take their quarterly fee. All the rest is just promises and very hit and miss.
Carl Dobbyn

Carl Dobbyn

October 24, 2017 — 3:52 PM
I have read the book an it has interested me, but i am a young guy from New Zealand lucky enough to be able to invest for the long term. .... I would suck up good information like a spunge....

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo