In this edition of InvestmentNewsTV, we sat down with Tom Ruggie, CEO and portfolio manager of Destiny Wealth Partners. Ruggie shared insight into how Destiny Wealth Partners became one of the fastest-growing fee-only Registered Investment Advisers (RIAs) of 2023, and how the firm reached the milestone of managing $1 billion in assets.
By focusing on direct and private investments, Destiny Wealth Partners successfully distinguished itself as a firm providing unique investment opportunities for high net-worth clients. By establishing a family office and providing value-based offerings in both traditional and alternative investments, the firm was able to appeal to high-net-worth clients and ultra-high-net-worth families seeking uniquely tailored investment routes beyond traditional stocks and bonds, venturing into areas like SpaceX, Reddit, and private trusts.
With both regulatory and technological changes affecting the financial industry, Ruggie highlighted some of the ways Destiny Wealth Partners has stayed competitive and ahead of the curve. By embracing new technology and transitioning to a fee-only business model early on, the firm successfully found ways to enhance client services and operational efficiency while still offering its one-of-a-kind personalized service.
When asked about the firm’s core philosophy and approach to business, Ruggie noted, “It's the small things that make the difference. We do a very good job on the small things.” Highlighting the importance Destiny Wealth Partners places on meticulous attention to detail, strategy, and client satisfaction.
To learn more about Tom Ruggie and Destiny Wealth Partners, click here to watch the full interview.
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