Creative Planning CEO is ‘staying ahead’ of the industry

Creative Planning CEO is ‘staying ahead’ of the industry
InvestmentNews Awards 2024, CEO of the Year Excellence Awardee: Peter Mallouk, Creative Planning.
JUN 05, 2024
By  Josh Welsh

If you were to ask CEO and president of Creative Planning Peter Mallouk what he loves most about the industry, he’ll give you a two-fold answer.

“The most rewarding part is helping a client understand the situation they're in, helping people achieve goals and keeping them informed and educated along the way,” he says. “You could get good advice in a lot of different places, but it's very hard to get it in a way that's easy to digest and actionable and I find that very satisfying.”

Tied for that, Mallouk added, is watching someone who comes to work at Creative Planning and “achieving things that maybe they themselves didn't realize they were capable of achieving and watching them grow professionally.”

Mallouk has guided the Overland Park, Kansas-headquartered firm for more than 20 years. Throughout the organization’s rapid growth, he’s maintained a relentless dedication to fostering a culture of excellence that has set him apart in the wealth management industry.

That’s why he’s being recognized for his service as an InvestmentNews Awards 2024 Excellence Awardee, with the winners announced on June 20 at 583 Park Avenue, New York City in a glitzy, red carpet ceremony. Click here to register to attend.

Reflecting on how the industry has changed when he first entered the financial planning space, Mallouk noted 90 percent of his clients were at mutual fund companies, whereas ten or fifteen years ago, most were coming from other brokerage houses.

“Independent firms are now larger, they're more well known, and people tend to look for fiduciary more often," he said. "We find ourselves competing more with independent firms than with anybody else and that shows how much this space has progressed, but also how much more competitive it is going to become.

“Our philosophy is just to stay ahead of the industry as much as we can and try to focus on the wants and needs of our clients,” he added. “That's worked for us for the last twenty years, and I suspect it'll work for us for the next twenty.”

Latest News

Women take the lead in most households' financial decisions, CFP Board finds
Women take the lead in most households' financial decisions, CFP Board finds

New research reveals women's influence in family decision-making, their top financial goals, and how concern for other household members helps shape their priorities.

Creative Planning expands in California with Maxwell Wealth Strategies
Creative Planning expands in California with Maxwell Wealth Strategies

The $345 billion RIA giant is extending its footprint in the West Coast as it lands its first deal for 2025.

Client retention is job number one
Client retention is job number one

Advisors leaning heavily toward fee-based services today enjoy a key competitive edge over commission-based practices – and it all hinges on preserving client loyalty.

Fed's Barr sounds off on risks from AI's speed
Fed's Barr sounds off on risks from AI's speed

The top cop at the Federal Reserve speaks out on possible herding behavior, with economic "gains being realized only by a small group."

60-year-old New York broker-dealer files bankruptcy, closes down
60-year-old New York broker-dealer files bankruptcy, closes down

Stoever, Glass & Co. Inc. opened in May 1964 and focused on municipal bonds.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.