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

by P. Palaveev

A detailed road map for wealth managers who want to build an ensemble firm or team and achieve sustained growth, profitability and high valuations Why do ten percent of wealth management firms grow faster than the rest of the industry, often despite the turbulence of the markets? The answer, according to industry consultant and researcher, P. Palaveev, is that the most successful firms are those which, create and promote a team-based service model that serves as the foundation of their enterprise.

Find out how and why a team-based service model can play a decisive role in the future growth and sustained success of your wealth management firm Discover the key factors for building a successful ensemble firm and profit from the best practices top team-based firms employ Profit from the author's years of experience working with the world's top wealth management firms and the data he has compiled as a pre-eminent industry researcher Learn about the various organizational structures, partnership models and career path options and how to put them to work building an ensemble practice Get the lowdown on how the savviest traditional broker-dealer firms have formed dynamic ensemble teams within their organizations and learn of the results they've achieved

244 pages, Kindle Edition

First published August 22, 2012

Reviews

[Paul · Rating 5 out of 5]

Helpful & Informative

As I think about the future of my practice, many of the things I’ve been questioning were addressed in this book. The author was very detailed and took time to explain the issues. I found it particularly helpful that he went thru more than just the measurable items and focused on topics that were more interpretational. Would highly recommend!

[Andrea · Rating 4 out of 5]

A good how to, but a bit dry. The perfect manual for how to set up and why you should (or shouldn't) organize your practice as an ensemble.

[Linda Leitz · Rating 5 out of 5]

This is a good overview of ensemble financial firms. Since my firm is already an ensemble and has many of its business model aspects in place and functioning well, I used it more as a reference.