Rise Growth Partners, Joe Duran’s effort to build the next generation of national advisory firms, has hired Terri Kallsen as managing partner and senior operating advisor, the firm announced Monday.
Kallsen most recently was chief operating officer at $70.5 billion Wealth Enhancement Group. Earlier, she was executive vice president of investor services at Charles Schwab, where she led more than 7,000 employees, and president of wealth management at USAA.
Duran announced last month that he would launch Rise Growth Partners next year with private equity backing to take minority stakes in registered investment advisory firms and help them grow into national enterprises.
Kallsen will be one of the Rise executives advising the firm’s “select group of partner RIAs on business management, client service delivery and growth strategies,” according to a statement.
"Throughout my career, I’ve had the pleasure of guiding many RIA owners toward achieving growth and scale,” Kallsen said in the statement. “We’re looking for talented RIAs with a thirst for growth, a values-based culture, leaders who want to partner in a synergistic way, and most importantly, open to change for the betterment of their firm.”
"As our team embarks on this new venture, we are seeking partners who are not only deeply experienced in helping advisors grow, but also those who align with our values," said Duran. "Terri epitomizes the type of leader I have always worked most effectively with — a professional who not only possesses comprehensive industry knowledge but also passionately believes in the transformative potential of independent advice.”
Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
Getting a client into a fund has never been easier – but after that, the hardest part is yet to come.
A former NYLIFE Securities rep was permanently barred after using internet-enabled glasses to cheat on the Series 6 exam
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
