Leaders of RIA firms have a number of strategic options to consider when evaluating organic growth opportunities. When your RIA is part of a broader national tax planning business, however, the opportunities for growing a wealth management business can be plentiful—provided you have the right strategies and processes in place.
In this episode of RIA Edge, Mark Bruno, managing director at Informa Wealth Management, speaks with Matt Cosgriff, director of wealth management at BerganKDV, about the growth strategies used by the company to expand its wealth management business into a firm that now advises on over $2 billion in assets.
Specifically, Mark and Matt discuss:
- How Matt and his group have been leveraging BerganKDV’s accounting and tax planning businesses to drive scalable, repeatable growth;
- How BerganKDV’s wealth business has also successfully leveraged custodial referral programs;
- The role M&A could play in BerganKDV’s future growth in in wealth management; and
- What is EOS and why are more firms embracing it within the wealth management space.