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 | Dec 17, 2024 | Entrepreneurship
Christmas came early this year for Van Halen fans across the globe with the release of Alex Van Halen’s memoir, Brothers, in October. The book chronicles his family’s immigration from the Netherlands to the United States when he was just 8 years old...
by Matt Sonnen | Sep 13, 2024 | COO Best Practices, Entrepreneurship
In talking with RIA owners and particularly RIA operations professionals, the topic of fees often comes up. “What is your standard fee rate? Have you had to lower your fees over time?” are common questions posed from one RIA to another. The value clients place on...
by Matt Sonnen | Mar 9, 2023 | Entrepreneurship
Your definition of success must be defined and agreed upon before you set out on a business journey. For those of you with children under 15 living in your home, you are probably familiar with MrBeast. For the rest of you, 24-year-old Jimmy Donaldson (“MrBeast”) is...
by Matt Sonnen | Aug 16, 2022 | Entrepreneurship
I recently completed my third viewing of the 10-part documentary series, “The Last Dance,” detailing the Chicago Bulls’ 1998 championship season, and highlighting Michael Jordan’s entire career. I have never considered myself a Michael Jordan fan, per se, but...
