Here at Multnomah Group, we've been talking quite a bit about fee consolidation - both on the recordkeeping side and on the advisory side. Recently, our managing principal, Erik Daley, had an opportunity to discuss with NAPAnet The Magazine how independent advisory firms can succeed in this new era of consolidation. Throughout the article, Erik discusses Multnomah Group's philosophy of being an independent RIA - and not in the throw-away sense of the word "independent." Erik specifically notes, "We're not conflicted in how we operate: we're not using our revenue from one part of our business to fund another part of our business. And we are not trying to sell IRA rollovers and managed accounts to participants, or develop high-net-worth wealth management relationships."
To read the full article from NAPAnet The Magazine, including more of Erik's perspective, please click here.
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