Tag Archives: Wealth Management

Maximizing Your Firm’s Pay Out as an Advisor with Frank LaRosa

Finance, Investing, Technology, WealthTech, WealthTech Winners Circle, , , , , ,

Many advisors spend their entire career building their business, whether it be as an independent or full-service company. Often, as many advisors get to the end of their careers, they are left with some major questions about how to make the most from the business that they have put so much time into. 

In this episode, David Armstrong is joined by Frank LaRosa, founder and CEO of Elite Consulting Partners to discuss his position as a finalist for the 2021 Wealth Management.com Industry Awards, recognized for his work on succession planning, and his thoughts about how advisors should handle the transition and monetization of their company as they approach retirement. 

In this episode, you will learn:

  • Background about Frank LaRosa and his journey in the Wealth Management Industry 
  • The difference between working in an independent space as opposed to a RIA firm 
  • Why having a contingent successor for your business is so important 
  • The mechanics of the dual monetization strategy
  • How to take advantage of long-term deals to increase your payout 
  • The difference between transaction and fee-based businesses and what that means for your clients  

Resources: WealthManagement.com | Elite Consulting Partners.com | LinkedIn: Elite  Consulting Partners  | Advisor Practice Dynamics.com 

 

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How the Pandemic changed with Heather Kelly

Finance, Investing, Technology, Wealth Management, WealthTech, , , , ,

As the 2021 Wealth Management.com Industry Awards wrap up for the year, the focus is on the top finalists and how their companies are changing the wealth management industry, and bringing new ideas and innovations to the forefront. 

In this episode, David Armstrong is joined by Heather Kelly, senior vice president, head of advisory and strategic accounts with Allianz Life Financial Services, recognized for the Conversations That Matter Project, a wide-ranging research project focusing on client and advisor relationships and communications, how the pandemic has changed the dynamic and the language that best resonates with clients during turbulent times. 

In this episode, you will learn:

  • Heather Kelly’s role in the Conversations That Matter Project 
  • Which methods of communication are being favored by both advisor and clients 
  • How recent technology trends have impacted the way advisors work with their clients and wholesalers
  • Why gratitude and empathy have become some of the most important traits clients see in their advisor

Resources: WealthManagement.com | LinkedIn: Heather Kelly | LinkedIn: Allianz | Allianzlife.com 

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The Future of Advisor and Client Engagement Using Black Diamond Wealth Platform — with Guest Steve Leivent

Finance, Investing, Technology, WealthTech, , , , ,

In this episode, David Armstrong is joined by Steve Leivent, the SVP and co-general manager of SS&C Advent’s Advisory business, to discuss his firm’s recognition in the Wealthmanagement.com Industry Awards for the Technology Category of Rebalancing and Client Portals for their Black Diamond Wealth Platform. 

In this episode, you will learn:

  • Steve Leivent’s background and role with SS&C Advent
  • The advisor problem Black Diamond is trying to solve
  • How continuous advisor feedback helps guide the iterations of Black Diamond
  • The future of technology integration in advisor workflows
  • Which areas of technology have accelerated during the pandemic and what has been eliminated 
  • SS&C’s initiatives towards cybersecurity and protecting their client’s data  

Resources: WealthManagement.com | Black Diamond Wealth Platform | SS&C Advent.com LinkedIn: Steve Leivent

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Growing The RIA Space — with Guest Cheryl Nash

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , , , ,

In this episode, David Armstrong is joined by the CEO of Tegra118, Cheryl Nash, as they discuss the changes that the company went through in 2020 and what creative challenges are planned for the future. 

In this episode you will learn:

  • How Tegra118 has evolved in the year following the Motive Partners investment.
  • How recent acquisitions and partnerships set up Tegra118 for the RIA space.
  • How using risk capabilities will help their clients.
  • Why the diversity and inclusion needle moves slowly in the wealth management industry.

Resources: WealthManagement.com | Tegra118  | Cheryl Nash

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Advisor Digital Transformation with Pershing – With Claire Santaniello

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , , , ,

In this episode, David Armstrong, executive director of content at WealthManagement.com, talks to Pershing’s Claire Santaniello as Claire explains everything you need to know about advisor-oriented digital innovation to achieve progressive and lasting workload results.

In this conversation, you’ll learn:

  • How COVID-19 has enhanced Pershing’s digital approach for advisors 
  • How Pershing utilizes a streamlined and paperless workflow for advisors and their clients 
  • E-signature, e-delivery, and digital authorizations: Pershing’s technique to digitalize deposits, account openings, and maintenance  
  • The role of education in enhancing the advisor-related digital experience  
  • How Pershing’s API integration platform boosts an advisor’s alternative investment and asset network

Resources: WealthManagement.com | Pershing | Claire Santaniello

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Data vs Documents; The Battle Within The Financial Services Industry – with David Knoch

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , ,

In this episode, David Armstrong is joined by David Knoch, CEO of Docupace, an industry leading provider of comprehensive solutions for digitizing and automating front to back office wealth management operations.

In this episode, we discuss:

  • How Docupace can help a financial advisor whether they are part of a large IBD or if they are a small RIA
  • David’s view on how the industry handled the rollout of Reg BI (Regulation Best Interest)
  • The steps Docupace is taking with compliance to keep advisors on track
  • How is Docupace alleviating the need for “repapering”
  • Why “document management” should really be considered “data management.”

Resources: WealthManagement.com | Docupace | David Knoch on LI

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Leading the Way for the Next Generation – with Jennifer Bacarella

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , ,

In this episode, David Armstrong is joined by Jennifer Bacarella, director of firm development at Sigma Financial, as they discuss how Sigma Financial is leading the industry by helping to cultivate and develop the next generation of advisors.

In this episode, we discuss:

  • What is the Next Gen Fusion Program
  • The skills not taught that every emerging finance student needs to know
  • Where are the schools falling short
  • What are some ways to infuse new blood into the industry
  • How Sigma is giving back to military veterans

Resources: WealthManagement.com | Sigma Financial| Jennifer Bacarella

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Joining a Broker Dealer Firm — with Guests Tim Edwards and Tony Montanari

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , ,

In this episode, David Armstrong is joined by Prospera Financial Services’ Tim Edwards, principal and Tony Montanari, vice president of business development, as they discuss what you can expect when you join the firm as an independent advisor. They dive into conversation about what Propera has to offer and Tony shares insight from an advisor’s perspective. 

In this episode you will learn:

  • The background of Prospera Financial Services  
  • About Prospera’s fundamental behaviors program  
  • How Prospera created their core engine software  
  • Tony’s experience as an advisor working with Prospera   
  • And more! 

Tune in now to discover what Prospera Financial Services has to offer, and gain real insight from an advisor using those services! 

Resources: WealthManagement.com | Prospera Financial Services | Tim Edwards | Tony Montanari | ACM Wealth Management 

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Building a Community of Advisors — with Guest Luke Winskowski

Finance, Investing, Technology, Wealth Management, WealthManagement.com, , , , , ,

In this episode, David Armstrong is joined by Luke Winskowski, Senior Vice President, Advice & Wealth Management at Thrivent, to discuss the work Thrivent is doing to bring together a community of advisors and provide them with the tools they need. 

In this episode you will learn:

  • The background of Thrivent Advisor Network  
  • How Thrivent brings together a community of advisors  
  • Ways that Thivent brings faith into financial discussions  
  • How Thrivent helps advisors with succession planning   
  • And more! 

Tune in now as we uncover Thrivent’s aim to create a network of advisors where individuals are provided with resources they need to be successful! 

Resources: WealthManagement.com | Thrivent Advisor Network | Luke Winskowski 

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