Month: August 2023
RIA Edge Podcast: Lido’s Ken Stern on Navigating Growth and Culture in Wealth Management

RIA Edge Podcast: Lido’s Ken Stern on Navigating Growth and Culture in Wealth Management

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This era in wealth management has seen unparalleled growth opportunity. Lido Advisors has embraced this golden age of shifting demographics and technological advancements to be one of the fastest growing and successful firms in the industry. 

In this episode of the RIA Edge podcast, Mark Bruno, managing director of the wealth management group at Informa, and Ken Stern, president of Lido Advisors talk about Lido’s growth and strategies in the wealth management industry. Ken shares how Lido emphasizes a client-first approach and values cultural alignment in partnerships and acquisitions. Specifically, Mark and Ken discuss:

  • Clear value proposition and its importance as a driving factor for successful growth
  • The significance of organic growth, utilizing existing clients as valuable sources of referrals and business expansion opportunities
  • Mergers and acquisitions (M&A) and the need for cultural alignment when considering partnerships or acquisitions
  • The role of technology, AI, and digital strategies in reaching a wider audience

Resources:

Connect With Mark Bruno:

Connect With GUEST:

About Our Guest:

Ken Stern is President of Lido Advisors. Ken is focused on executing Lido’s vision in growing Lido Advisors into a nationally recognized leader in advanced wealth management and investment strategy. After working with and helping grow various financial institutions, Ken saw a need for a client-centric financial advisory firm focused on comprehensive planning and dynamic investment management. As a result, he founded both Asset Planning Solutions, Inc. and Ken Stern & Associates. 

Ken has authored seven personal finance books and appeared in or been quoted on several TV and radio shows including “The Today Show,” CNBC, and CNN. Authored books include: “To Hell and Back,” “Pounce,” “Secrets of the Investment All-Stars,” “Senior Savvy,” “50 Fabulous Places to Retire in America,” “Safeguard Your Hard Earned Savings” and “Secrets of the Investment All-Stars.” 

Ken is an Alumnus of Harvard Business School, is a Certified Financial Planner and speaks extensively on wealth transfer, alternative investments, and legacy planning. Originally from Farmington Hills, MI, Ken enjoys spending time with his family, traveling, skiing, public speaking, writing, and reading.



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RIA Edge Podcast: Perigon’s Arthur Ambarik: The Journey to Build a $6BN RIA

RIA Edge Podcast: Perigon’s Arthur Ambarik: The Journey to Build a $6BN RIA

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This episode of the RIA Edge podcast features a conversation between Mark Bruno, Managing Director of Wealth Management Group at Informa, and Arthur Ambarik, CEO of Perigon Wealth Management. The discussion delves into  Perigon’’s unique position and model within the RIA channel, as well as the  primary contributors to its impressive growth trajectory. Arthur shares the story of Perigon’s evolution from a small firm with under $150 million in assets under management (AUM) to its current status of around $6 billion in AUM.

Specifically, Mark and Arthur discuss:

  • Perigon’s distinct business model, emphasizing a blend of autonomy and collaboration.
  • How Perigon bridged the gap between traditional consolidator and enterprise firm models, fostering an environment where advisors could bring diverse skills to the table and create a better client experience.
  • Key industry trends, including mergers and acquisitions (M&A) activity and the battle for talent. 
  • Arthur reflects on the challenges of growth, particularly during the COVID-19 pandemic, and the importance of building a strong team with specialized roles like COO, CCO, and CTO to manage the firm effectively.

Mark and Arthur also discuss the growth journey through acquisitions, strategic partnerships, and attracting like-minded professionals. He acknowledges the competitive landscape in the RIA industry and offers insights for firms aspiring to grow and professionalize their operations. Overall, the conversation provides valuable lessons on managing human capital, adapting to unique challenges, and building a successful RIA firm amid evolving industry dynamics.

Resources:

RIA Edge Podcast

Register for RIA Edge West, September 27-29 

Connect With Mark Bruno: 

Connect With Arthur Ambarik:

About Our Guest:

Arthur Ambarik, CFP® is Chief Executive Officer of Perigon Wealth Management. Since joining Perigon in 2013, the firm’s assets under management have grown to more than $4.8* billion from less than $150 million. He has overseen several recent acquisitions including PM Wealth Management, Nauset Wealth Management and Stakeholders Capital.

Arthur brings more than 20 years of years of experience to his role with Perigon including advisory and operational positions he held previously with Ameriprise and LPL. He has been named to the Forbes Best in State Wealth Advisors for California in 2021 and 2022 and is a member of the Financial Advisor IQ Leadership Council. Perigon’s accolades include being named to the Financial Times Top 300 RIA 2020, RIA Channel ® Top 50 Wealth Managers by Growth 2022, Forbes Top 100 RIA 2022 and USA Today Best Financial Advisory Firm 2023 lists.

Arthur holds a B.A. in Economics from Williams College.



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