industry, tracking the many financial advisers zig-zagging across the industry from firm to firm comes with the territory.
"When things are great, you don't notice it as much," she said. "Any kind of change or shake-up creates situations where financial advisers want to know what their options are." Our first-ever list highlighting adviser-focused recruiters does not include in-house recruiters at wealth management firms, but rather outside executives who work with multiple firms at once. Recruiters were recommended to Business Insider by industry sources across the wirehouse and independent wealth channels.
"I always try to think outside the box and be a consultant to the adviser," he told Business Insider. Recently he facilitated moving a Seattle, Washington-area adviser's practice from Warburg Pincus-backed Kestra to the nation's largest independent broker-dealer, LPL Financial; the team produced $2.8 million in revenue on assets under management of $540 million.
Mike Papedis told Business Insider it has also been helping advisers looking to go independent with what he called a glaring "knowledge gap" as they are met with an endless menu of technology providers and other options available to them. Fusion is also growing its team. On Monday, Fusion said it was adding two employees to its technology solutions unit — Brad Frey, who held roles with the wealth management software company AdvisorEngine and Fidelity's eMoney Advisor, will join as the national director of technology solutions. Jeff Feldman, Financial Recruitment PartnersJeffrey Feldman landed in the financial adviser recruitment space by way of the late 1990s internet boom and bust.
His roster also includes Raymond James, and he has placed advisers with JPMorgan Securities in the past. He's also placed financial advisers with Rockefeller Capital Management, which launched in early 2018. Feldman, who is based in the Chicago area, also works withDynasty Financial Partners, the firm that provides wealth management and technology platforms for independent advisers. On average, advisers Feldman works with oversee more than $200 million in client assets.
There was another adviser he recently moved producing $1 million in revenue and overseeing $110 million in client assets to a large independent firm. Her father, Larry, founded the firm nine years earlier as what they call the first third-party independent broker-dealer adviser and executive placement firm.
The clients Cross-Search has on its roster fill a wide range. For instance, a client could be one adviser producing $200,000 to a multi-person team with several million dollars in production. Mindy Diamond founded the Morristown, New Jersey-headquartered firm in 1998, and is today president and chief executive. Louis is executive vice president and senior consultant, and Howard is chief operating officer and general counsel.
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