Peter Mallouk on Building a Powerhouse RIA
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 13 December 2019
⏱️ 111 minutes
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Summary
Bloomberg Opinion columnist Barry Ritholtz interviews Creative Planning president Peter Mallouk, who transformed what was essentially a $150 million firm into a powerhouse with more than $40 billion in assets under management.
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Transcript
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| 0:00.0 | Data, analytics, technology, connected. |
| 0:03.9 | Bloomberg's enterprise solutions integrate systems |
| 0:06.4 | and workflows across your firm, |
| 0:08.0 | so you can increase transparency and maximize efficiency. |
| 0:11.5 | Ready to see his opportunity? |
| 0:12.9 | Start at Bloomberg.com slash think bigger. |
| 0:17.2 | This is Masters in Business with Barry Redholz |
| 0:20.5 | on Bloomberg Radio. |
| 0:22.4 | This week on the podcast, what can I say? |
| 0:25.2 | This was a master class in how to build |
| 0:28.8 | a powerhouse RIA. |
| 0:30.7 | Peter Malook has been with Creative Planning for 20 years. |
| 0:35.0 | He kind of started as a junior person |
| 0:37.9 | eventually buying the firm |
| 0:40.7 | for on a, I guess, an earn out basis |
| 0:44.0 | when the then founder wanted to retire |
| 0:48.1 | and took what was essentially a $150 million |
| 0:51.7 | or smaller firm and built it up to a $45 billion powerhouse. |
| 0:57.3 | If you want to learn the right way |
| 0:59.8 | to manage money to deal with clients, |
| 1:02.0 | to provide services, to grow a business, |
| 1:05.9 | then strap yourself in. |
... |
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