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The Ensemble Practice: A Team-Based Approach to Building a Superior Wealth Management Firm (Bloomberg Financial)

4.7 out of 5 stars 6 customer reviews

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Product Details

  • Unknown Binding
  • ISBN-10: 1118265998
  • ISBN-13: 978-1118265994
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (6 customer reviews)

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Format: Hardcover Verified Purchase
I am the CEO of a multi-million-dollar revenue RIA firm with something in excess of 300 million dollars of client assets under direct management so we are large by some measure and just a nit on an elephant's hind end by many. I have known of Philip Palaveev for a decade or more from hearing him speak back when he was at Moss Adams. I purchased this book thinking that it would be a bunch of psychobabble from an accountant-like point of view. On the contrary, I found the book to be full of insights. I am an avid underliner and desecrator of business books and I have some interesting point marked up and noted in every chapter. Sometimes it is an admonition for our firm to do something new or to consider it...... and at others the underline is sweet vindication for pausing to celebrate that it appears we are doing something right. Though I have heard Philip speak, I do not know him personally, nor would he know me so I am not being favored in any way for writing this encouragement to read this book. This is a great book if you want to peek under the tent of how to operate a successful RIA as a business instead of some small barbershop that will die with the owner. I am giving a copy of this book to everybody on our team because we desire to mentor the wonderful young men and women in our firm to think like successful business people and NOT like so many self-centered advisors who think hunting is the only admirable skill. Our industry is changing folks....
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Format: Kindle Edition Verified Purchase
To the point, with no nonsense included, this book was easy to read and understand. The ensemble, while not unique to other industries, is a difficult concept for advisors to envision. Palaveev does a good job raising the key issues of why an ensemble firm is more valuable for you, and your clients.
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Format: Hardcover Verified Purchase
This book brings up a lot of issues that often are not considered by those about to embark on an ensemble path. I bought a copy for all of the advisors on our team, and it was helpful in discussing those issues.
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