Powering Independence Podcast

Episode 13: Succession Planning

Most advisors know they need to create both a contingency AND succession plan, but that’s a task for another day!  It is an emotional process and one that many advisors have difficulty facing. This special episode of the Powering Independence Podcast is hosted by our Head of M&A Joe Rizzo with special guests Mark Tibergian, CEO of Pershing Advisor Solutions and Brad Griswold, Managing Partner at Corbenic Partners. They cover the emotional aspects of creating a succession plan, The various options for succession, the valuation process and much more!

Safe Passage: How to Move Your Business Optimally and Compliantly

Along the journey to independence, compliance is one of the most misunderstood topics.   Although many advisors have a basic grasp on what their risk officers do, how to run a SEC and/or FINRA Compliant Firm is somewhat of a mystery.  In this discussion we will talk about the changes to broker protocol over the past ten years, hybrid RIA(s), what to do vs what not to do, and most importantly who gets to be the chief compliance office (CCO) of a new firm.

Episode 11: The Intersection between Elite Athletes and Business

Elite athletes spend years honing their physical skills in order to compete at a professional level.  For many of these individuals, training, playing and recovering consume most of their physical and mental focus.  For this discussion, we’ll examine the elite athlete from a few distinct points of view.  Frank Zecca, a former collegiate athlete and now head of OFS Wealth, will discuss the tools he uses to assist pros with the management and growth of their wealth.  Ryan Cafaro, professional mixed martial artist, will discuss his focus and mindset, as well as the lessons he has learned from helping train champions.

Episode 10: Mapping Your Journey: Can I Really Use What I Like?

Financial advisors need to ensure their clients will have access to great products and services when they transition to the independent space. Mutual funds, stocks and bonds all appear to be simple to transition, but what about things like precious metals, alternative investments, and corporate trusts? Cost of goods sold (COGS) is also important to entrepreneurs. We will investigate these topics and more as we talk about how to meet and exceed client expectations in a new environment. Joining us this episode are Louis Diamond, Executive Vice President and Senior Consultant at Diamond Consultants and Nick Gerace, Senior Vice President of Investments at Dynasty Financial Partners.

Episode 9: Catch Me If You Can: Cybersecurity for RIAs

In 2002, Steven Spielberg released the movie Catch Me If You Can – focusing on the life of Frank Abignale, a master con-artist and check forger. Frank was eventually caught by the FBI and ultimately helped them catch other con-artists and fraudsters. Today’s fraudsters use technology and cybercrime to steal from unsuspecting victims – including phishing e-mails, malware and identity theft. Forbes magazine estimates that cybercrime will result in an estimated $6 trillion in damages by 2022. Half of all cyberattacks are targeted at small businesses. The latest episode of the Dynasty Powering Independence podcast is entitled; Catch Me If You Can: Cybersecurity For RIAs. We have brought together a great panel offering their insights and practical strategies for identifying and protecting RIAs from the threat of Cybercrime. Adam Mosely is the National Managing Director of business consulting at Charles Schwab & Co. Inc, Eric Castillo is the Chief Technology Officer at Dynasty Financial and Heather Ostrwoski is the CFO of DB Root, an RIA based in Pittsburgh, PA.

Episode 8: Legal, Compliance and Freedom - Making Compliance Fun Again! (Part Two)

Who would have ever thought that the topic of legal and compliance would require two episodes, but it does! Part #2 continues the discussion covering how a firm handles FINRA and the SEC when sorting through the confusion that exists when trying to satisfy both standards and how to maintain a high standard of regulatory diligence within independent wealth management firms. For this episode, we welcome back our stellar panel: Sharron Ash, Chief Litigation Counsel at Hamburger Law Firm, Leigh Emery, Chief Compliance Officer at Dynasty Financial Partners, Michael Henley, Founder and CEO of Brandywine Oak Private Wealth and Alison Brooks, Co-Founder and COO of Brandywine Oak Private Wealth.

Episode 7: Legal, Compliance and Freedom – Making Compliance Fun Again! (Part One)

One would never think about putting the words Legal, Compliance and Freedom in the same sentence. Many advisors, in the past, have considered the compliance departments in their old firm the anti-business unit, but that’s because many of those policies and procedures catered to the lowest common denominator of advisors.  This unfairly restricted the best advisors and made it difficult to serve their clients. They knew there was a better way, so many sought the freedom that owning their own firm offered, but having that freedom also means having the responsibility to establish and run their new firm in a compliant manner.  This episode explores this topic with our panel of experts, Sharron Ash, Chief Litigation Counsel at Hamburger Law Firm, Leigh Emery, Chief Compliance Officer Dynasty Financial Partners, Michael Henley, Founder and CEO of Brandywine Oak Private Wealth and Alison Brooks, Co-Founder and COO of Brandywine Oak Private Wealth.

EPISODE 6: The Next Generation of Advisors - Who will lead your firm’s future?

Who will lead your firm’s future? If the answer is uncertain, then the enterprise value of your company will definitely be affected and it could even lead to clients leaving your firm. Your hosts, Gordon Ross and Ed Friedman, are joined by a panel of industry leaders to discuss how to best address these issues and attract more qualified young professionals into the industry. On the panel are David Root, CEO of DB Root & Company, and Anand Sekhar, VP of Practice Management & Consulting at Fidelity Clearing & Custody Solutions.

Fidelity Clearing & Custody Solutions® provides clearing, custody or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC. Members NYSE, SIPC.Fidelity is not affiliated with Dynasty Financial Partners.

EPISODE 5:  Technology - Is My Stack Better Than Yours?

There has never been more innovation when it comes to technology within the wealth management industry. With that, there has never been more confusion too! What is the best tech solution for my firm? How do I diagnose what my company needs? Once we adopt new technology software, how do I onboard it and drive adoption? Ed and Gordon are joined by a group of industry leaders who have had to answer these questions: Brian Schulte, Information Systems Senior Manager at Geller Advisors, and Paul Metzger, Technology Consultant at Dynasty Financial Partners.

EPISODE 4:  Marketing - You Mean I Shouldn't Buy a Billboard? With new technologies and strategies constantly being developed, the approach to Marketing has seen dramatic change in recent years. RIA teams and industry leaders need guidance on how to leverage this critical channel for business growth and client engagement. How do you know if you are spending too much or too little on Marketing? How do you know you are receiving a return on your investment? To answer these questions, please join our hosts Ed Friedman - National Director of Practice Management and Gordon Ross - Director Enterprise Group, Dynasty Financial Partners and their guests, Paul Strid, Co-Founder of Concentus Wealth Advisors, Gordy Abel, Chief Marketing Officer at Dynasty Financial Partners, and Justin Barish, Vice President of Digital Marketing at Dynasty Financial Partners as they explore Marketing Masterminds.