As independent RIAs grow, the challenge increasingly shifts from accumulating assets to building businesses that can endure beyond their founders. Mike Papedis speaks with BridgePort Financial Solutions Managing Director Clara Sierra about scaling without sacrificing culture, what advisors increasingly expect from capital and operating partners, and the leadership, succession and operating disciplines that help transform a growing practice into a durable enterprise.
Mike's Take
"Growth and enterprise value are not the same thing. The firms that endure build leadership depth, operating discipline and succession readiness alongside AUM. Scale should make the business less dependent on any one individual, not simply make the founder responsible for a larger organization."
This interview was originally published in Financial Advisor Magazine.
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