"If you can't find the firm you want, build your own." with Chuck Failla, CFP
In this episode of the Kick It Open podcast, host Shelby Nicholl interviews Chuck Failla, a financial advisor with over 25 years of experience. Chuck shares his journey from being a 'cold calling cowboy' in the 90s to founding Sovereign Financial Group, an SEC-registered RIA.
The conversation covers Chuck's career milestones, the advantages of the RIA model, and the resources and community support available for advisors considering going independent. They also discuss the impact of client demand for fiduciary services and transparency, as well as the importance of attending conferences to stay updated with industry innovations.
0:00 Coming Up... "Challenge to the Audience"
1:07 Meet Chuck Failla: From Cold Calling Cowboy to Wealth Planner
1:37 The Journey to Independence and the RIA Space
7:21The GoRIA Initiative and Its Impact
16:56 Navigating the RIA Transition
18:45 Tuck-In Options and Sovereign's Unique Approach
21:56 The Sovereign Platform Explained
24:15 Client Demand and Fiduciary Responsibility
26:42 Marketing and Creative Freedom in RIA
28:37 Innovative Solutions in FinTech
32:51 Encouraging Women in Wealth Management
39:08 Resources for Going RIA
42:04 Conclusion
About this podcast:
If you're a woman in wealth management (or any male-dominated industry), this podcast is for you. Muriel Siebert (first woman member of the NYSE ) said, "When a door is hard to open and nothing else works, sometimes you just have to rear back and kick it open.” After decades of sluggish progress, it’s time for us to kick the door open on women’s success.
Produced by Shelby Nicholl.
Edited by Aaron Sherman.
Marketing by Sabrina Portnoy.
Graphic Design by John Gallagher.
Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/ra/let-good-times-roll
License code: EV5ON7Y3CSESDSEU