The current state of wealth management

Episode 152

Episode Notes

Bruce takes the pod solo as he speaks to Peter Nesvold of Republic Capital Group, an investment banker, teacher and author. Peter talks about recent deals Republic Capital has been involved in, the current premium on getting into the wealth management business, and his overall sense of the marketplace now. 

Guest Bio:

Peter Nesvold, a lawyer, CFA and CPA by background, is a multi-disciplinary finance executive with 25 years of Wall Street experience in the asset and wealth management industries. He is a partner at Republic Capital Group and the founder of Nesvold Capital Partners (NCP).

Peter cut his teeth as a sell-side equity research analyst, rising to senior managing director at Bear Stearns in less than six years. Over the course of his sell-side career, Peter covered more than 50 companies and ranked in StarMine’s “Best Analysts” poll across three industries. This versatility carried over to Peter’s role as a portfolio manager/analyst at Lazard Asset Management, where he was one of three managers of the firm’s SMid-cap product. During his tenure, the team grew AUM more than tenfold and earned Morningstar’s coveted “five-star” rating.

In 2013, Peter became Managing Director and COO of Silver Lane Advisors, a premier investment banking boutique specializing in the asset and wealth management industries. In this role, he managed business development and institutionalized the firm's business practices to support its exponential growth (i.e., revenues grew sixfold in seven years, firm was ranked #1 by deal volume in its vertical). In April 2019, Raymond James acquired Silver Lane and Peter subsequently departed to launch NCP, through which he acquired a substantial stake in Republic Capital, in addition to minority stakes in Stratos Wealth ($23bn AUM) and Pure Financial ($4bn AUM).

Outside of work, Peter is an adjunct professor of corporate finance at Fordham and a fellow at the Gabelli Center for Global Security Analysis. He has published four books on M&A with McGraw-Hill and serves on the Board of Directors of Stratos Wealth and the Hampton Jitney (the iconic luxury motor coach carrier connecting Manhattan and the Hamptons). He previously served on the Board of Directors of the CFA Society New York (the largest CFA society globally with approximately 11,000 members) and served as a Business Advisory Director to ACT Research (a leading publisher of commercial vehicle industry data, analysis, and forecasting services).

Peter graduated from the University of Pennsylvania (B.A., Economics with a concentration equivalency in accounting from The Wharton School) and Fordham Law (cum laude, Order of the Coif), where he was elected Editor-in-Chief of his law journal. He was previously a competitive long-distance runner, completing 19 full marathons.

This episode is sponsored by Schwab Asset Management.

As one of the industry’s largest and most experienced asset managers, we offer a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the central needs of most investors. By operating our business through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them. 

Recent episodes
  • Episode 182
  • Dec 11, 2024

What were the standout stories of 2024?

Bruce is joined by a gaggle of InvestmentNews journalists, Emile Hallez, Gregg Greenberg and James Burton, to help him pick the bones out of an eventful year.

What were the standout stories of 2024?
  • Episode 181
  • Dec 03, 2024

What's going on with Social Security?

Bruce talks to esteemed guest and former InvestmentNews writer Mary Beth Franklin about the new wave of anxiety gripping clients regarding the state of their Social Security benefits.

What's going on with Social Security?
  • Episode 180
  • Nov 26, 2024

Are REITs the word once again?

Bruce sits down with Rich Hill, SVP and head of Real Estate Strategy & Research at Cohen & Steers for a chat about all things real estate and, in particular, a look at REITs, which have rebounded in spectacular fashion this year.

Are REITs the word once again?
  • Episode 179
  • Nov 19, 2024

What does the election result mean for wealth professionals?

Bruce is joined this week by new InvestmentNews managing editor Emile Hallez to discuss what happens now that the election is over and we know who the next president is going to be.

What does the election result mean for wealth professionals?