It was Might of 2020 when Justin Berman first shared his breakaway story on this sequence.
In “Life After Goldman Sachs,” Justin shared his perspective on leaving the celebrated model to launch an impartial agency. He discusses why, after 7 years at Goldman, he felt restricted by modifications on the agency in his means to serve his high-net-worth shoppers’ wants and proceed to develop the enterprise into the long run.
So, Justin launched Atlanta-based RIA Berman Capital Advisors, a agency that grew from managing $1 billion in shopper belongings to $5 billion over the course of 10 years.
Then in September 2021, it was introduced that Justin’s agency would merge with Cresset Asset Administration.
The large query is why a profitable impartial agency would resolve to align with a multi-family workplace and funding agency like Cresset.
As Justin put it, he as soon as once more thought of the long run, his shoppers’ wants, and his agency’s means to serve these wants and develop the enterprise going ahead.
And it’s proving to be a very good choice: In simply three years, his income elevated from $17 million to $27 million.
He revisits his journey with Mindy Diamond, filling within the gaps since his final go to and providing a novel perspective on the evolution of an advisory enterprise, together with:
- The selection to surrender management of the enterprise he constructed—and the way that call has confirmed to be the proper one.
- The choices he thought of—and why Cresset was the associate he selected to align with.
- The influence of change on a enterprise’s future—and what Justin particularly noticed that impressed his choice.
- His unbelievable development—and what key steps he finds simplest.
- What it means to be a “household’s first name”—and the way a associate or enterprise mannequin may also help facilitate that.
- The ability of attracting prime expertise—and why it’s crucial to have a workforce and providers that show development and profitability.
Justin’s story is vital as a result of it shares how, as an alternative of being feared, change needs to be embraced as a pathway to development. Pay attention in to be taught precious insights that may assist encourage your individual evolution.
