🔍 Investment Insights: The Rise of Wealth-Advisor Leviathans
The landscape of investment advisory firms is shifting rapidly as private-equity giants acquire stakes in registered investment advisors (RIAs) across the country. These firms, known for their profitability and growth potential, are becoming targets for consolidation, promising increased efficiency and streamlined operations. But what does this mean for clients?
At Simon Quick, we stand out in this evolving industry. Unlike many firms in the wealth management space, we are completely independent without any outside owners or operators, so that our advice is free from external pressures and conflicts of interest.
Key Points:
🔹 Independence Matters: RIAs were previously known for their independence, but with private equity entering the scene, the narrative is changing. Clients must now be cautious and discerning when choosing an advisor. How can you be sure your RIA is truly independent?
🔹 Client-Centric Approach: The consolidation trend raises concerns about the level of customization and personal attention advisors can provide. At Simon Quick, our commitment to putting clients first remains unwavering.
🔹 Transparency and Trust: We emphasize the importance of transparency in our operations and maintaining the trust of our clients. With us, you can be confident that our advice is solely in your best interest.
Considering a new advisor? Here’s what to keep in mind:
1. Verify Independence: Ask the firm if it is influenced by outside owners.
2. Understand Conflicts of Interest: Ask how the firm handles potential conflicts and maintains client-first practices.
3. Seek Transparency: Look for clear, straightforward communication about the firm’s operations and investment strategies.
Read the full article by Barron's: https://lnkd.in/ehBimff5
Vice President at SES ESOP Strategies
2wWow, talk about a dream matchup, Brandon and Simon Quick Advisors, LLC with Joe—quite a power packed alignment. #jealous😀