In this episode we explore some of the hottest topics in wealth management today with Rich Steinmeier, managing director and divisional president, Business Development.

Rich shares his unique perspective and experience on:

* A macro view of the environment and our place in that

* Increasing shift to independence, who’s coming to LPL and why

* What to think about in approaching a transition; how to get through it easily and successfully

* Short term and long term payout considerations; affiliation models; business ownership resources; improving the actual transition experience

* How advisors can grow in this environment

* M&A opportunities, capital resources and value of technology to drive efficiency and outcomes

Rich talks extensively about the present & future of wealth management, the alarming decline in number of advisors, and how to start and grow a business in the future.

It’s an episode that covers a great deal of ground – solid information for any advisor who is looking to gather insight on the changes in the landscape and use that knowledge to take their business to the next level.

Listen to additional episodes in this series

 

BIO

Rich Steinmeier is managing director and divisional president, Business Development, responsible for the firm’s overall growth strategies. In this role, he has responsibility for recruiting new financial advisors and institutions to LPL and to existing advisor practices, while also exploring new markets and M&A opportunities. He also leads the team responsible for onboarding new advisors to the firm.

Prior to joining LPL Financial in 2018, Mr. Steinmeier was the head of Digital Strategy and Platforms for UBS Wealth Management Americas. He joined UBS in 2012 as managing director and head of the Emerging Affluent Segment and the Wealth Advice Center. 

Prior to UBS, he held a variety of leadership roles at Merrill Lynch, including director of Strategy and Analytics and director of Business Development. He also spent six years at McKinsey and Company. 

Mr. Steinmeier graduated from the Wharton School at the University of Pennsylvania with a BS in Economics in 1996. He received his M.B.A. from Stanford University in 2002.

 

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