Alex David leaves Stifel for RayJay; fintech founder teaches tax tips; what to consider when selling to an RIA
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WEALTH MANAGEMENT: Less than three years after joining Stifel Financial to oversee its independent channel, Alex M. David is moving over to a similar role at Raymond James.
David , who has 28 years of industry experience, will become Northeast division director of Raymond James Financial Services' independent unit. The new position will have him working with advisors in a dozen East Coast states, from Virginia northward to Maine, plus Washington, D.C.
TAX: The former CEO of Personal Capital, Intuit TurboTax and PayPal is spreading a simple message to financial advisors and investors: "It's not what you earn, it's what you keep."
Entrepreneur Bill Harris begins the 2024 edition of the "Investment Tax Guide" — a much more extensive version of his 2017 book by the same name — with that phrase, along with his views that "Tax is the single most important driver of investment performance" and "In many cases, tax strategy is more important than investment strategy." In an interview, he suggested that advisors and investors read about 50 or 60 pages, or maybe 80, rather than the entire book.
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M&A LESSONS: ? “In our industry, it is typically advisable to begin the succession process five years prior to the intended transition date. And so, I started looking around,” writes Kimberly Foss, CFP?, CPWA? . She was in the market to sell her firm and knew the process would be a long, complicated one. “This was the first important transition that started all the others: Moving from a mindset of ‘this company will always be mine’ to one of ‘I need to find a partner who can help me maintain continuity.’"?
Her journey has many lessons for advisors considering their own succession plans.?
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9 个月Alex, Congratulations on the move to RayJay! I wish you the best in your transition.
Congratulations Alex-Great to hear the news. Lead the way!