Indivisible Partners reports $5 billion and nine teams on platform

Indivisible Partners, the RIA John Thiel launched last year after leading Merrill Lynch Wealth Management, has just over $5 billion in assets and nine teams on its platform.

Thiel gave the figures in a Nov. 11 interview with WealthManagement.com.

The firm's SEC Form ADV, dated Oct. 9, lists $2.1 billion in regulatory assets, 24 employees and 2,672 accounts.

For a principal at an independent RIA, succession, technology and cybersecurity, and a compliance load that grows with the firm are costs the principal can price internally. Thiel says those pressures are bringing independent advisors into conversations.

Thiel said traction is about what he anticipated, though the mix differs from his expectation. The firm is having a lot of success among already-independent advisors and is focusing less on breakaway advisors, he said. On the breakaway side, he said constructive markets and fee-based assets that grow with markets produce a sense of contentment.

Thiel said Indivisible has deployed artificial intelligence "in a real, meaningful way," aimed first at advisor productivity, which he called the firm's "No. 1 goal," and also at how the firm runs its own business. He plans to create liquidity for shareholders through profit distributions rather than private equity or a future sale, WealthManagement.com reported.

As Private Wealth Daily previously reported, the seven-member Rosenwald Private Wealth team, which came from RBC with $1.1 billion, equals about 53% of the $2.08 billion in regulatory assets Indivisible reported.