Alessandra Malito's article: Advisers wasting time and money by underutilizing tech

“It’s very important to spend time and money to train [personnel], and not just to buy the package and let it be,” said Philip Palaveev, chief executive of the Ensemble Practice, a business consulting firm for financial advisers. “Technology is a tool — it’s not a magic wand.” Read the entire article here

Industry Expert Brandon Odell Becomes Partner in The Ensemble Practice LLC

SEATTLE, March 23, 2015 – The Ensemble Practice (Ensemble), the premier business consulting firm for the financial services industry, announced today that Brandon Odell has been promoted to Partner. Prior to the announcement, Brandon Odell served the firm as Director of Business Consulting. Odell has been responsible for the firm’s marquee benchmarking and compensation reports as well as key client …

Can Internal Succession Succeed? By Philip Palaveev (Jan 2015)

Consider your neighborhood. Some houses are rented, some houses and lots will be bought by builders and a few condos will go up. Some houses have fallen into disrepair. What you hope for, though, is that the majority of houses in your neighborhood will be occupied by the owners. Homeowners are the ones who make sure that the schools are …

The Ensemble Practice Adds an Industry Expert to Drive Growth and Deepen Client Relationships

Doug Johnson Joins Ensemble as Senior Consultant Seattle, WA – October 22, 2014 – The Ensemble Practice, the premier business-consulting firm for the financial services industry, announced today that Doug Johnson has joined the firm as a Senior Consultant. The addition of Johnson allows Ensemble team to continue its growth and work with financial advisory firms on growing and improving …

To Ensemble or Not To Ensemble by Philip Palaveev

While outright acquisitions and deals get all the media attention, mergers are quietly transforming the industry. At the time you read this, thousands of advisors are negotiating the combination of their practices with others in order to create scale, leverage each other’s skills, gain resources, and tackle succession. Perhaps the fastest and best way to grow into a bigger firm …

The Next Step by Philip Palaveev

There are approximately 250 advisory firms with more than $1 billion in assets under management (AUM) in the financial advisory industry. No more than 30 of those have more than $5 billion in AUM. If you were to ask any such “super ensemble” (a billion-dollar AUM firm) what its vision is, the likely answer is that it wants to “grow …