They say that in sports and comedy – timing is everything. The same is true for growing an advisory firm – the decisions when to add another team-member, when to hire an executive, when to create a department are critical for the success of a growing advisory firm.

 

To guide entrepreneurs in their quest to build a better firm, Bluespring Wealth Partners has partnered with industry expert Philip Palaveev to create a roadmap through the “dangerous middle” the phase of growth where firms struggle to grow to a billion-dollar firm and beyond. 

 

The “dangerous middle” – a term coined by industry guru Michael Kitces describes the challenge of investing heavily in the firm through the addition of operations managers, investment professionals, creating a marketing department and building career paths. 

 

Join Bluespring Wealth Partners President Stuart Silverman in a lively discussion of how to navigate the treacherous path of organizational growth. Stuart will interview consultant Philip Palaveev, CEO of The Ensemble Practice, and entrepreneurs Mike Frazier, President & CEO of Bedell Frazier Investment Counselling and Tom Fee, Managing Director of $1+ billion firm Vector Wealth Management. We look to combine the best practices and management theory with the practical, real-life experience of industry veterans.

 

During this discussion you’ll learn: 

  • When is the right time to hire a COO and a chief marketing officer?
  • What infrastructure is needed to reach a billion in assets
  • What should be the criteria for adding partners to the firm
  • How to manage your equity for sustainable growth and talent development

Bluespring Wealth Partners, the sponsor of this paper, is a strategic partner with the resources to infuse capital, provide consulting expertise, and succession planning so that the firm you’ve worked so hard to build, can breakthrough from good to great to spectacular.


If you have any questions in the meantime, please reach out to Alan Brum at [email protected] or (914) 909-1506.

Sponsored by

 

 

 

Stuart Silverman – Host

President

Bluespring Wealth Partners

 

Philip Palaveev

Chief Executive Officer

The Ensemble Practice

 

Mike Frazier

President & CEO

Bedell Frazier Investment Counselling, LLC

 

Tom Fee

Managing Director

Vector Wealth Management

 

David Armstrong – Host

Editor-in-Chief and Executive Director of Content and User Engagement

WealthManagement.com