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.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
