WE’s CEO Maria Elena Lagomasino Cited Among “Independents” Refusing to Sell

February 4, 2015

In an article published in Financial Planning magazine, WE’s Chief Executive Maria Elena Lagomasino is cited among independent firms who, despite the opportunity for hefty financial windfall, choose to remain independent and refuse offers to sell their firm to the highest bidder. Having regained it’s independence in January of 2013. WE Family Offices placed as number 25 on the list of Top RIAs: 2015.

The article delves into the recent trend of growing RIAs gaining assets from larger banks and brokerage firms. To capitalize on this trend, larger institutions often try to purchase independent firms. More and more, clients desire independent wealth advice, separated from sales mandates and ulterior motives. As proof of this trend, the number of “independent” firms with more than $1 billion in assets has grown from 300 to 500, according to a study produced by Cerulli Advisor Metrics.

To read the full article, click here: http://www.financial-planning.com/news/ria/for-biggest-rias-saying-no-has-a-high-price-2691492-1.html

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