It was Could 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 distinguished model to launch an impartial agency. He discusses why, after 7 years at Goldman, he felt restricted by adjustments on the agency in his skill to serve his high-net-worth purchasers’ 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 massive query is why a profitable impartial agency would determine 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 purchasers’ wants, and his agency’s skill to serve these wants and develop the enterprise going ahead.
And it’s proving to be 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 precise one.
- The choices he thought of—and why Cresset was the companion he selected to align with.
- The affect of change on a enterprise’s future—and what Justin particularly noticed that impressed his choice.
- His unimaginable progress—and what key steps he finds only.
- What it means to be a “household’s first name”—and the way a companion or enterprise mannequin might help facilitate that.
- The facility of attracting high expertise—and why it’s crucial to have a crew and providers that show progress and profitability.
Justin’s story is essential as a result of it shares how, as a substitute of being feared, change must be embraced as a pathway to progress. Hear in to study helpful insights that may assist encourage your personal evolution.
