Know Your Worth

What does a career path into wealth management M&A actually look like? In this episode, Michael Belluomini and Mike Wieger, M&A SVPs at Carson, go behind the scenes of their own non-traditional journeys into M&A. Everything from big four accounting and in-house legal counsel to BD roadshows and institutional deal execution.

They break down the common misconceptions around M&A roles and outline the core archetypes that make up a successful M&A team: tip-of-the-spear origination, project management and integration, deep financial modeling, and advisor subject matter expertise. The conversation explores the behavioral traits needed to excel in dealmaking, from perpetual curiosity and adaptability to non-zero-sum negotiation, and viewing  transactions in the spirit of partnership.

The key takeaway: there is no single "perfect" background for entering M&A. Whether you come from fintech, custodial platforms, rep offices, accounting, or law, getting "at-bats," building a strong industry network, and allowing yourself to be sponge for knowledge are the factors that drive long-term success.

Join us for practical advice for young and mid-career professionals looking to break into M&A and stand out early.

Jump to:

0:00 - Travel Reality Check And Welcome

0:58 - Why M&A Career Paths Matter

4:51 - Advisors Using M&A After A Sale

6:11 - Mike’s Windy Route Into M&A

10:28 - Michael’s Roadshow Path Into M&A

18:06 - Traits That Drive M&A Success

25:58 - What M&A Teams Actually Do

39:55 - Practical Moves For Breaking In

45:20 - Wrap Up And Disclosures

What does it really mean to build an advisory practice with optionality? In this episode, Michael Belluomini and Mike Wieger, M&A SVPs at Carson, explore how financial advisors can prepare their firms for whatever comes next whether that means selling, partnering, transitioning to the next generation, or simply creating more freedom for themselves.

They discuss why getting an independent valuation early is critical, how to think like a buyer, and why a compelling growth story can have a major impact on a firm's attractiveness. The conversation also covers client handoffs, reducing founder risk, developing next-generation talent, empowering staff, and leveraging support networks to create a more scalable business.

The key takeaway: preparation creates options. The earlier advisors start planning for their firm's future, the more doors remain open and the better positioned they are to build a transaction, succession plan, or operating model that works for them.

The episode closes with a look at tax and estate planning considerations that advisors should address well before a potential transaction.

Jump to:

0:00 - Vacation Without The Phone

0:26 - Podcast Launch And What’s Next

2:23 - What Optionality Really Means

5:16 - Valuation As The First Yardstick

6:46 - Why Headline Prices Mislead Sellers

8:08 - Think Like A Buyer

10:36 - Growth Stories That Actually Scale

16:39 - Client Handoffs That Build Trust

21:03 - Reducing Founder Risk Before A Sale

24:53 - Freeing Staff To Fix Bottlenecks

28:35 - M&A Is A People Business

30:41 - Support Networks That Change Everything

34:51 - Tax And Estate Planning Prep

37:28 - Live Event Preview And Closing