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An early architect of Joe Duran's United Capital and a former Goldman Sachs PFM executive, Mike Capelle and his partners secured $200 million to build a national RIA with a vision to bring all client planning needs — tax , insurance, estate planning – under one. roof.

In this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Capelle, co-founder and co-CEO at Modern Wealth Management, about the firm's goal to serve the massive wealth and the “millionaire -next-door” with a holistic set of services, including financial planning, tax, insurance and trusts.

Specifically, David and Mike discuss:

• What the trio of Modern Wealth founders learned from helping grow United Capital into a $25 billion firm acquired by Goldman Sachs.
• The start of the firm in 2023 and how they quickly identified and acquired the building blocks to set the stage for future growth.
• What pieces of the puzzle are the firm's directors now looking for?
• Challenges in the RIA industry when it comes to attracting talent and why it's important to implement an organic growth plan even in a rapid acquisition phase.
• The strategy behind buying a retirement plan advisory business.
• Both acquired firms will adopt the Moderne Wealth Management brand and platform while retaining key personnel as managing directors.
• A potential expansion of Modern Wealth Management's offerings in banking services, focusing on lending and money management through strategic partnerships.

Sources:

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About our guest:

Mike Capelle is a co-founder and co-CEO at Modern Wealth Management. From his decades-long career in wealth management, Capelle has experience building advisor-client wealth management platforms to drive continued growth. Prior to co-founding Modern Wealth, Capelle was a managing director at Goldman Sachs Personal Financial Management, where he was Head of High Net Worth Products.

Additionally, Capelle was part of the team that co-founded, expanded and sold United Capital, a $25 billion RIA with 90 locations, to Goldman Sachs for $750 million, where he served as Chief Platform Officer. Capelle was responsible for the company's operating platform and technology and for driving enterprise innovation. He was also a member of the firm's Investment Committee.