Ten years ago this week it appeared our financial system was about to collapse; Lehman Brothers filed for bankruptcy, Bank of America purchased Merrill Lynch, and AIG had to be bailed out by the U.S. government and taxpayers–all of that occurred on just Monday and Tuesday. I asked my pal, Andrew Thrasher, to stop by on the way to the gym…
Last week I came across an article referenced by Michael Kitces discussing the recent IPO of Focus Financial, a large Registered Investment Advisor. Focus Financial raised $500 million in its initial public offering, which will be used to purchase up to 500 smaller RIA firms as it attempts to grow via acquisition. Although growing via acquisition isn’t my ideal growth strategy, I don’t…
I’ve met some incredible people thanks to Twitter, and my pal Joe Kolb is one of those people. Joe made the trip all the way from Rhode Island to talk a little shop with me; well, he actually was going to St. Louis to meet with a client, but he made the trip from the STL to Fishers, IN and…