Ep 028: Scaling Up A $6B Independent RIA Using A Full-Time CEO As Chief Inspiration Officer with Michael Nathanson
Financial Advisor Success · Michael Kitces
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Show Notes
Our guest today is Michael Nathanson, chief executive officer of the Colony Group. Michael's private wealth management firm has over $6 billion in assets under management and a 39% profit margin. Michael has driven this phenomenal growth through strategic acquisitions, high-level systems thinking, and targeted organic growth.
Michael walks us through how he operates as an effective CEO to nurture his seven offices, recruit top-level talent, and delegate effectively. He gets into the details of compensation, leadership and buying other firms. He also shares the company's trajectory and how it compares to other RIA practices out in the market.
Get the full show notes and transcript for this episode at: www.kitces.com/28