Mindy Diamond on Independence: The Catalysts Behind the Growth of Mega-Firm Cerity Partners – WealthManagement.com

What do you get when you cross a successful wealth management executive with a New York billionaire?

You get a spectacular $31B firm.

ForKurt Miscinski, his meeting with New York-based billionaire and entrepreneur Howard Milstein could possibly be called serendipitous.

Because at that time, Kurt was considering leaving his management role at Deutsche Bank and Howard was looking to make long-term strategic investments in the wealth management space.

As a high-profile executive at Deutsche Bank, Kurt certainly had options. But instead he saw the early potential of building a full-service wealth management RIA firm that can serve ultra-high net worth families, executives and companies.

So in 2009 HPM Partners was borna firm with zero assets but with Kurts crystal clear vision and the backing of investor Howard Milstein.

After starting from scratch and growing to $9B in less than a decade, renowned private equity firm Lightyear Capital invested in HPM and then later rebranded the firm to Cerity Partners.

Today, Cerity manages over $31B in assets, a result of their strategic organic growth initiatives complemented by an inorganic growth strategy that led to a string of high-profile M&A transactions.

Kurt shares the story with Louis Diamond, starting with the early stages of HPM on through to Cerity Partners today, including:

Kurt shares a unique vision on growth and how its impacted by cultureone that is based on running to something rather than away from something. Its an incredible story with key learnings for advisors and business owners alike.

Download a transcript of this episode

Listen to more episodes of Mindy Diamond on Independence:A Podcast for Financial Advisors Considering Change.

Visit link:

Mindy Diamond on Independence: The Catalysts Behind the Growth of Mega-Firm Cerity Partners - WealthManagement.com