by Matt Sonnen | May 12, 2025 | COO Best Practices, Entrepreneurship
The origin story of many RIAs is quite similar: a group of advisors unites with the sentiment, “We no longer need this large bureaucratic organization behind us, let’s go into business for ourselves!” They invite their support staff to take a leap of faith and join...
by Matt Sonnen | Apr 4, 2025 | COO Best Practices, Operations and Technology
If you’ve spent any time reading industry headlines lately, you undoubtedly have come across titles like, “AI: Embracing the New Frontier in Your Practice,” and “AI in Wealth Management Accelerates.” And if you have recently attended any industry conferences, you...
by Matt Sonnen | Mar 10, 2025 | COO Best Practices, Entrepreneurship
As someone who has consistently advocated for RIA owners to focus on the profitability of their client relationships, I took special note of Ellevest’s announcement on Feb 26 to shutter its robo advisor and sell it off to Betterment. Interestingly, Ellevest will...
by Matt Sonnen | Feb 25, 2025 | COO Best Practices, Entrepreneurship
There has been a lot of backlash pointed at the major RIA custodians of late, primarily around two issues: Increased Fees: RIAs will face higher fees for custodial referrals starting later in 2025 Cash Sweep Limitations: RIAs are no longer able to select a...
by Matt Sonnen | Jan 14, 2025 | COO Best Practices
The booming RIA industry is tied closely to its embrace of fiduciary duty, which mandates that advisors act in the best interest of their clients. The regulatory framework of trust and accountability distinguishes RIAs from brokers, and every year the RIA...
by Matt Sonnen | Oct 8, 2024 | COO Best Practices
It is often the COO who will be leading their firm through the implementation of a new process or adoption of a new technology tool, therefore, a common question I pose to guests on the COO Roundtable podcast is, “How do you successfully affect change at your...
