March 27, 2023


Learn Business From Experience

Rob Sandrew of Built-in Companions on hitting the trade’s consistently transferring targets

3 min read

Do you ever look out of your window and picture being on the seashore? Do you would like you can fast-forward by means of Wall Avenue’s looming wet season and get to one thing a little bit sunnier? 

Then enable Monetary Planning to move you again to the canine days of summer season and immediately into the center of Surf Metropolis.

Our particular look again on the Future Proof Competition continues by means of a collection of interviews with insiders and newsmakers performed by the Monetary Planning editorial staff.

On this clip, Wealthtech Reporter Justin L. Mack chats with Rob Sandrew, chief growth officer at Integrated Partners. The trade veteran with greater than 20 years of expertise first broke into the trade wholesaling and calling on the RIA market within the ’90s. Now, he oversees recruiting initiatives for the Boston-based agency that has greater than 200 advisors, 165 CPAs and 60 regional places of work throughout the US.

The fast-growing RIA bolstered these numbers on the finish of February when it introduced the acquisition of Laurel Wealth Advisors, a California-based impartial advisory agency with 30 advisors and greater than $2.25 billion in belongings. 

Contemplating his position at Built-in, Sandrew is all about motion. Be it advisors in search of a brand new house or the general course of the trade, he’s centered on hitting the mark.

At Future Proof 2022, Sandrew talked about a slowdown by way of advisor recruiting main as much as the occasion however mentioned issues had been as soon as once more heating up as everybody was hitting the seashore. He additionally gave Mack a preview of issues to return with regards to Built-in’s M&A efforts.

“It has been a really thrilling 12 months. We even have entered into the acquisition sport, so we’re excited to be saying some issues over the following handful of months,” Sandrew mentioned. He added that as they broaden their footprint, discovering advisory groups that align with what they’re all about is far more than trade speak.

“I feel that is the previous adage of ‘know who you’re and who you are not.’ … Finally, we need to make it possible for there is a philosophical alignment and (that) our assets are aligned earlier than we even speak about acquisition. As a result of on the finish of the day, if they don’t seem to be discovering an appreciation for the worth we’re bringing … they could have a distinct enterprise mannequin. That does not make it unsuitable or proper. However we is probably not excellent companions.”

So far as what was driving the uptick in motion to shut out 2022, Sandrew mentioned it is so simple as wanting on the market itself. 

“I have been doing this a very long time (and) I feel it is not any totally different than earlier than, within the sense of, when issues are going nicely, individuals are inclined to endure a good quantity of ache. When issues aren’t going so nicely, that is when that bother mode comes into play,” he mentioned. “The opposite factor is our enterprise has developed, and it is so thrilling as a result of I feel we’re nonetheless on the precipice of the place we’re going. Three years in the past, even to now, the kind of fashions which can be on the market, the capabilities that these corporations like ours are in a position to roll out to have the advisors leverage to raised help their consumer base, it is transferring. It is a fixed transferring goal, and the sophistication degree continues to climb. It is actually an enchanting time to be within the trade.”

Try the total interview beneath.

Future Proof, an occasion billed as the primary wealth pageant, attracted greater than 2,200 individuals to Huntington Seaside, California, final 12 months. Monetary Planning was a sponsor of the occasion. Dates for Future Proof 2023 have already been introduced. The occasion is slated to return to the seashore Sept. 10-13, 2023.

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