86 min listen
Ep 102: Transitioning From Wirehouse To Independence with Michael Henley: Is The Grass Really Greener?
Ep 102: Transitioning From Wirehouse To Independence with Michael Henley: Is The Grass Really Greener?
ratings:
Length:
111 minutes
Released:
Dec 11, 2018
Format:
Podcast episode
Description
There has been a lot of buzz over the past couple of years about the breakaway trend that has seen sizeable advisory firms moving away from wirehouses, and my guest today very recently went through that process himself. After spending the first decade of his career at Merrill Lynch, Michael Henley moved on to become co-founder and CEO of Brandywine Oak Private Wealth, an independent advisory firm that manages more than $500 million of client assets, at just thirty-four years old. In this episode, Michael shares what made him decide to go independent after he’d been so loyal to Merrill Lynch that he had a bull-shaped wedding cake, as well as how he handled the breakaway transition not quite going the way he expected. Listen in to hear what it was like for him to build an advisory firm in the wirehouse environment, the unique way he created the necessary startup capital to fund his transition, and how the grass is—and isn’t—greener in the independent channel. For show notes and more visit: https://www.kitces.com/102
Released:
Dec 11, 2018
Format:
Podcast episode
Titles in the series (100)
Ep 009: From Medicine to Holistic Financial Planning Using A Complexity-Based Retainer Model with Carolyn McClanahan: Today physician and financial planner Carolyn McClanahan joins us to talk about her ensemble practice, where she and her 4-person team work with 80 clients. by Financial Advisor Success