RIA alliances help independent advisers prosper | InvestmentNews by Liz Skinner
Published: September 04 2014
The RIA business was a lonely place when Brent Brodeski joined Savant Capital Management in 1992. He and founder Thomas Muldowney had no forum for talking with other registered investment advisers about how best to manage customer relationships or the back office, what to pay staff and other mysteries of running an advisory practice.
After three years, Mr. Brodeski set out to address this glaring lack of support. He helped launch Zero Alpha Group, an alliance of independent advisers who share business knowledge and best practices.
For its members, ZAG helped to level the playing field with wirehouse advisers, who dominated the industry then and had all the practice management, technology and business expertise they needed from their home offices.