LaSalle Network has partnered with a startup Registered Investment Advisory (RIA) and Wealth Management aggregator, committed to delivering personalized wealth management solutions. Our client is looking to hire a Head of Practice Management. This leadership role involves building strong relationships with partner firms, understanding their business needs and providing tailored solutions to drive operational efficiency, business growth and client satisfaction. The ideal candidate will have a deep understanding of the RIA business model, a proven track record of driving practice improvements and a passion for empowering advisors to achieve their goals.
Head of Practice Management Responsibilities:
- Lead the practice management function by developing and executing strategies aimed at improving the operational and financial performance of partner RIAs
- Increase margins at firms on average by 5% in the first 12 months of acquisitions through an increased share of wallet capture, increased service efficiency and increased retention
- Work closely with partner firms to understand their challenges, goals and unique business models, providing customized solutions to enhance growth, client retention and operational efficiency
- Design and implement programs that help RIAs grow their businesses, including client acquisition strategies, succession planning and advisory team development
- Standardize and share best practices across partner firms, ensuring consistency and alignment with the firm's goals for delivering exceptional client experiences
- Evaluate and recommend technology solutions to streamline operations, enhance reporting and improve client service delivery across firms
- Provide hands-on coaching, training and mentorship to RIA principals and staff to ensure they are equipped with the skills and knowledge to run efficient and successful practices
- Partner with internal teams such as marketing, operations and technology to align initiatives that support the practice management objectives
Head of Practice Management Requirements:
- Bachelor's Degree required; MBA preferred
- 10+ years of experience in the financial services industry, with significant experience in the RIA or wealth management sector
- Proven leadership experience in practice management, business consulting or operations within an RIA aggregator or wealth management firm
- Must have experience in a startup or high-growth environment
- In-depth understanding of the wealth management industry, financial planning services and regulatory requirements for RIAs
- Expertise in leveraging technology to enhance operational efficiencies
- Proven ability to drive business growth and operational improvements in advisory practices
- Expertise in leveraging technology to enhance operational efficiencies
If you are interested in this opportunity and meet the qualifications, please apply today!
Thank you,
Stephanie Moncada
Principal
LaSalle Network
LaSalle Network is an Equal Opportunity Employer m/f/d/v.
LaSalle Network is the leading provider of direct hire and temporary staffing services. For over two decades, LaSalle has helped organizations hire faster and connect top talent with opportunities, from entry-level positions to the C-suite. With units specializing in Accounting and Finance, Administrative, Marketing, Technology, Supply chain, Healthcare Revenue Cycle, Call Center, Human Resources and Executive Search. LaSalle offers staffing and recruiting solutions to companies of all sizes and across all industries.
LaSalle Network is the premier staffing and recruiting firm, earning over 100 culture, revenue and industry-based awards from major publications and having its company experts regularly contribute insights on retention strategies, hiring trends and hiring challenges, and more to national news outlets. LaSalle Network offers temporary Field Employees benefit plans including medical, dental and vision coverage. Family Medical Leave, Worker's compensation, Paid Leave and Sick Leave are also provided. View a full list of our benefits here: https://www.thelasallenetwork.com/wp-content/uploads/2024/04/Field-Employee-Benefits-LaSalle-Network.pdf
