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episode notes
Bruce heads the pod alone and speaks with investment banker, teacher, and author Peter Nesvold of Republic Capital Group. Peter discusses recent transactions involving Republic Capital, the current premium for entering the wealth management business, and his overall sense of the current market.
Guest bios:
Peter Nesvold is a multi-disciplinary financial executive with a background as an attorney, CFA, CPA, and 25 years of experience in the Wall Street wealth and wealth management industry. He is a partner at his Republic Capital Group and founder of Nesvold Capital Partners (NCP).
Peter honed his skills as a sell-side equity research analyst and in less than six years was promoted to Managing Director of Bear Stearns. Throughout his sell-side career, Peter has covered over 50 companies and was ranked in StarMine’s “Best of His Analysts” survey across his three industries. This versatility carried over to Peter’s role as portfolio manager/analyst at Lazard Asset Management, where he was one of the company’s three SM mid-cap managers. During his tenure, the team’s assets under management grew more than 10 times his size and earned Morningstar’s coveted ‘5-Star’ rating.
In 2013, Peter became Managing Director and COO of Silver Lane Advisors, a premier investment banking boutique specializing in the wealth and wealth management industry. In this role, he managed business development and institutionalized the company’s business practices to support exponential growth (i.e. revenue increased sixfold in his seven years and the company’s ranked first in vertical trading volume). In April 2019, Raymond James acquired Silver Lane, after which Peter left to start NCP, through which he acquired Stratos Wealth ($23 billion under management) and Pure Financial ($4 billion under management). ), as well as a significant stake in Republic Capital.
Outside of work, Peter is Adjunct Professor of Corporate Finance at Fordham University and a Fellow of the Gabelli Center for Global Security Analysis. He has published his four books on his M&A with McGraw-Hill and serves on the board of directors of Stratos He Wells and Hampton He Jitney (the iconic luxury bus line that connects Manhattan and the Hamptons). Previously, he served on the Board of Directors of CFA Institute New York (the world’s largest CFA Institute with approximately 11,000 members) and a business advisor for ACT Research (a leading publisher of data, analytics and forecasting services for the commercial vehicle industry). he was the director. ).
Peter graduated from the University of Pennsylvania (Bachelor of Arts in Economics with Concentration Equivalent to Accounting from Wharton School) and Fordham Law School (Medal of Honor with distinction), where he was elected editor-in-chief of a legal journal. rice field. He previously competed as a long-distance runner and has completed 19 full marathons.
This episode is sponsored by Schwab Asset Management.
As one of the industry’s largest and most experienced asset managers, we offer competitively priced ETFs, mutual funds, and individually managed account strategies designed to meet the core needs of most investors. We offer a concentrated line-up. By operating our business from the customer’s perspective and putting them at the center of our decision-making, we aim to provide a superior experience for our investors and the financial professionals who serve our customers.
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