Larry Roth posted his weekly “Larry’s Take” commentary on the deals and recruiting in the wealth industry on Wealth Solutions Report as part of its Deals & Recruiting Roundup.
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As Cerulli pointed out, women will control a tremendous portion of the nation’s wealth as the Great Wealth Transfer proceeds, creating both a need and opportunity for advisors and asset managers. Wise firms are rising to the occasion.
This week, Shannon Eusey’s Beacon Pointe acquired female-founded and led Hemington Wealth Management. We also report on Merit and Cresset, both with women presidents. This is not unusual. Week after week, we see a gradual increase of women in senior leadership and successful advisory roles.
Of course, this must continue, and more must be done to serve women clients, but I am thankful this Thanksgiving for the progress we’ve made so far. The future is taking shape now.
If you would like to discuss this Larry’s Take further, including how these trends might impact your business, please contact Larry Roth at larry.roth@ascentix.com.
To see the Wealth Solutions Report Deals & Recruiting Roundup for the week, click here. Visit Wealth Solutions Report for the latest wealth management insights, analysis and news.