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 relationships. Brandon Odell is also increasingly recognized in the industry as one of the foremost experts in financial management of advisory firms and is a frequent speaker at industry conferences and forums. Read MoreOdell Partner_final

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 good and the streets are clean. Owners will plant trees and throw a good block party. Builders may provide liquidity to the market, but they can’t maintain the spirit of the neighborhood. Read more

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 the profitability of their organizations. Johnson’s experience and background in Operations and Business Development will also add to the expertise of the Ensemble team. “We look to bring to our clients premier experience and expertise. We want to be able …

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 is by merging with another business.

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 to the next step.” For those at $1 billion, that means reaching $5 billion. For those at $5 billion, it means reaching $15 billion and beyond. There is no question that the largest firms are aggressive in their ambitions. The …

Executive Forum

The Ensemble Practice’s Executive Forum provides leading investment advisory firms a unique format for knowledge sharing. The collegiate atmosphere of the meeting combines theory, best practice sharing, implementation experiences and high level strategic discussions. Much of the value of the event is the discussion of experiences between attendees. We concluded our 4th event in February of 2017.