True Partnership Model | Breakaway Advisor Perspectives

A breakaway advisor named Paul describes his search for what he calls the 'holy grail' of wealth management: the old Wall Street partnership model, where a private firm's people work together, share in the business's success and put clients first. He explains that finding that along with the freedom to serve clients his own way and the scale and resources to do more for them felt like looking for a needle in a haystack, and that he and his team settled on Cresset as their long-term home.

1. Paul frames the old Wall Street partnership model, with shared ownership and a client-first culture, as the 'holy grail' of wealth management.
2. He and his team wanted freedom to serve clients their way alongside scale and resources.
3. The search for a firm combining those qualities felt like looking for a needle in a haystack.
4. They ultimately chose Cresset as their long-term home.