Citywire This Week in Wealth

‘I didn't pay myself for all of 08 and 09’: How one RIA founder rode out the last big crash  

Loading player...
Dakota Wealth Management founder and CEO Peter Raimondi joins This Week in Wealth to discuss whether RIAs are well-prepared for a prolonged market downturn.

He shares how he weathered the Great Financial Crisis, current client portfolio positioning, and his concerns about wealth managers’ leverage levels today.

This episode was recorded on the sidelines of Citywire’s inaugural CEO Summit in Austin, Texas. You can check out some highlights from the conference at https://citywire.com/ria/tag/ceo-summit
2 Oct English United States Investing

Other recent episodes

An RIA M&A juggernaut switches CEOs

This Week in Wealth breaks down the C-suite shuffle at Merit Financial Advisors, a $32bn Georgia-based RIA that has become one of the most acquisitive firms in the market. At the end of a year in which the firm will have completed 15 deals, Merit’s founder and chief executive Rick…
25 Sep 21 min

Can Claude change the game for RIAs? 

Ian dials in from the Future Proof conference in Huntington Beach, California, to give the lowdown on Anthropic’s Claude for Financial Advisors suite and dig into the AI firm’s tie-up with custodian Charles Schwab. Alex and Ian also discuss Creative Planning’s acquisition of RVK Inc., an institutional investment consultancy overseeing…
18 Sep 17 min

Decoding an RIA tech mega-merger

Ian and Alex fire up the transatlantic telegraph cable to break down Envestnet’s deal for Vestmark (news that Citywire RIA readers saw before anyone else). They also discuss New York City-based RIA Savvy Wealth raising $100m via a Series C funding round and Schwab Wealth Advisory hiking fees for certain…
11 Sep 21 min

AI comes for RIAs (in a good way!)

Artificial intelligence company Anthropic is creating a menu of wealth managers to service its employees following its initial public offering later this year, which could be a huge boon to any RIA that makes the list. Ian unpacks his scoop, explaining what Anthropic has asked of wealth managers and how…
4 Sep 20 min

Josh Brown: Financial advisors' steroid era is over 

Ritholtz Wealth Management CEO Josh Brown joins Ian and Alex to discuss his take that the ‘steroid era’ is over for advisors. He argues advisors who have based their growth on rankings, low rates, and referrals (from custodians) are in for a rude awakening. This episode was recorded minutes after…
28 Aug 52 min
All episodes