RIA Edge Podcast: Redefining Growth in Wealth Management

David Armstrong talks with Jim Gold, CEO of Steward Partners, about the firm’s growth trajectory. Steward Partners, originally founded by wirehouse breakaways, has cultivated a unique approach by tapping experienced advisors with the independence of RIAs. With over $40 billion in assets, Jim shares insights into their robust M&A strategy and the importance of succession planning in an aging industry.

The main takeaways include:

• Steward Partners’ M&A philosophy and its pivotal role in addressing the “succession crisis.”
• The changing mix of advisor recruits and firm acquisitions as growth levers.
• How Steward designs equity and partnership structures to attract and retain advisors.
• Future growth ambitions and potential needs for additional capital.
• Strategies for organic growth and how they differentiate Steward.
• The importance of keeping advisors happy and well-resourced for their own success.

Resources:

• RIA Edge Podcast

Connect With David Armstrong:

• WealthManagement.com
• LinkedIn: WealthManagment.com
• LinkedIn: David Armstrong
• Twitter: David Armstrong
• LinkedIn: Informa

Connect With Jim Gold:

• Steward Partners
• LinkedIn: Steward Partners
• LinkedIn: Jim Gold

About Our Guest:

Jim Gold serves as CEO, is a Founding Partner, a Board Member, and a member of the Executive leadership team at Steward Partners Global Advisory. He has extensive experience in the Financial Services industry, having held several senior-level roles, most recently as Executive Director at Morgan Stanley. Prior to assuming his current role, Mr. Gold ran the Southern Connecticut Complex, headquartered in Greenwich, Conn. Mr. Gold spent 18 years with Smith Barney, beginning in 1995 as a financial advisor. He went on to hold numerous management positions at the firm, including National Training Officer, Assistant Branch Manager, Branch Manager, and Complex Manager. Mr. Gold received numerous accolades from the firm during his tenure, most recently, he was recognized for his accomplishments in Diversity.

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