At a glance
- The firm reached that size without acquisitions, advisor lift-outs or traditional marketing, Neu says on WealthManagement.com's Diamond Podcast for Financial Advisors, published Nov. 12.
- Long-standing client relationships and referrals are the growth engine, he says.
- Advisors weighing independence get a comparison from someone who has done it.
Sage Mountain, the multi-family office Scott Neu co-founded after leaving Goldman Sachs, advises on approximately $8.5 billion for just under 200 families.
The firm reached that size without acquisitions, advisor lift-outs or traditional marketing, Neu says on WealthManagement.com's Diamond Podcast for Financial Advisors, published Nov. 12. Long-standing client relationships and referrals are the growth engine, he says.
Advisors weighing independence get a comparison from someone who has done it. Neu says that if he were leaving Goldman today, he might join an established independent platform rather than start from scratch. His own route meant moving clients and building an investment platform, and learning to delegate.
Reported by the RIA desk from WealthManagement.com. Published . Corrections