In this episode of The Ria Edge Podcast, the host David Armstrong interviews David Hefty, founder and CEO of $ 3.4 billion AUM Aum Management Aum. Hefty escaped closely by following a career trading trade on the floor of the Agoikago Trade Board, and instead began an independent wealth management firm shortly after the college. But it was not until the previous years that he and his team implemented an aggressive growth strategy, making a dozen agreement in a short rule and being nourished uniquely by a relationship with a private credit firm (keeping capital of advisers). Hefty and his team placed the client's experience at the forefront of all decisions, and for them, it means complete assimilation of board teams in the reliable brand and workflows.
The main receipts from this episode include:
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Credent's assimilation strategy when it comes to M&A and what it means to be an “anti-agregator”.
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Why the majority of the winning RIA are building a “central advisor” model of a wealth management firm, and why this is not always good for the client.
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What motivated the decision to enter private loans instead of financing net capital for the fuel fuel growth strategy, and the firm's relationship with Crestline investors of Crestline lending.
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The detailed process of the Board that each of the last 13 purchases of the Kest was subjected to when they joined the firm.
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With a dozen more deals at different stages of tracking, Hefty reveals his future ambitions for the firm and what it will need to become really “incomprehensible” of all except some national firms.
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For our guest:
There are few people more passionate about changing financial life than David Hefty. As chief executive, his vision and leadership have built confidence in a dedicated firm to do what is best for workers, all with the highest standards of transparency.
Believing that all Americans should have access to high quality independent advice, David is committed to financial partnerships only with tariffs. He co-founded wealthy wealth partners in 2000 and joined the OAK Point Financial Group in 2018 to form reliable wealth management.