Wealth management veteran wants to help advisors share best practice

Wealth management veteran wants to help advisors share best practice
New peer-to-peer community launched by former LPL, Thrivent leader.
SEP 11, 2024

An experienced wealth management industry professional is on a mission to help financial advisors, whichever firms they are aligned with, utilize best practice for growth.

Carolyn Armitage is a long-time financial services veteran and has led leadership positions with firms including Thrivent, Echelon, LPL Financial, ING Advisors Network, and HD Vest, and she wants to share her experience and that of others for the common good.

Armitage has launched RIA Circle, a peer-to-peer community for wealth management professionals that offers a secure and confidential place to bring together registered investment advisors, hybrids, and investment advisor representatives in monthly meetings to share best practice and ideas.

The membership organization already has advisors who utilize 10 different custodians and 10 independent broker-dealers and represent almost $65 billion AUM.

“Growth takes insight and experience, and RIA Circle was formed as a vehicle to allow growth-minded advisors and executives to have access to shared ideas to better run their firms and serve clients,” Armitage said. “Over the past 35 years, I have personally seen collaboration can be a true laboratory for great ideas. RIA Circle will foster these ideas to have a real impact on wealth management leaders and their firms.”

The organization recognises that not all advisors are at the same level of experience or have the same needs, so members are organized into groups led by captains who will lead monthly discussions and leverage the training materials created by Armitage.

There are also strategic collaborators who will add additional expertise to the community, and networking opportunities including discussion feeds, bulletin boards, the ability to upload articles to share with others, and a jobs board.

“The work of financial advisors is important in securing the wealth and future of so many Americans,” Armitage said. “We are excited to provide a community to provide the best resources to ensure wealth managers have the right tools and ideas to serve their clients and fulfil their mission.”

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.