A senior partner with Rise Growth Partners is the CFP Board’s Chair-Elect for next year, set to take the reins in 2026.
At its July meeting, the organization’s board of directors selected Terri Kallsen as its 2025 chair-elect. She will succeed Matthew Boersen, the board’s current chair, and Liz Miller, who will serve as chair in 2025.
“Terri’s extensive experience and unwavering dedication to the financial planning profession make her an outstanding choice for this role,” Boersen said.
Kallsen is the senior operating partner at Rise Growth Partners, founded in late 2023 by former United Capital founder and CEO Joe Duran after he left Goldman Sachs.
Rise Growth makes minority investments in next-gen RIAs with between $1 billion and $5 billion in assets under management to help them grow to become national platforms with $10 billion or more.
Duran announced Kallsen would join the firm as a managing director and senior operating partner a month after he revealed its existence. At the time, Kallsen told WealthManagement.com she’d be working with the CEOs of prospective RIA partners to align strategy and vision to hit quarterly, annual and three-to-five-year key performance indicators.
Before joining Rise, Kallsen was chief operating officer with Wealth Enhancement Group, joining the firm in 2020. She also spent seven years with Charles Schwab as an executive vice president for investor services, overseeing 7,000 employees (before that, Kallsen held leadership roles at USAA and Thrivent).
In October, Kallsen told WealthManagement.com that after 30 years of working with entrepreneurs in larger enterprises, she felt it was time to join an entrepreneurial organization herself.
Kallsen recalled her work at WEG as part of the firm’s M&A and organic growth processes, which boosted the firm’s AUM from $19 billion to $65 billion in approximately three years. She recalled seeing entrepreneurs serve their clients in what she felt were “innovative” and “caring” ways.
“Now, after 30 years, I get to be a part of this entrepreneur, this spirit of innovation, the spirit of doing what’s right for clients,” she said about the move to Rise Growth Partners.
Last month, the CFP Board submitted amicus briefs supporting the Department of Labor in two lawsuits filed in Texas federal court attempting to overturn the department’s revised fiduciary rule, released in April. In the suits, numerous industry groups, including the American Council of Life Insurers, the Insured Retirement Institute and FINSECA, are urging the courts to deem the rule unconstitutional.
“While DOL’s opponents have expressed concern for moderate-income investors, we believe that their concerns are misdirected,” the briefs read. “The DOL’s updated and strengthened fiduciary rule will benefit moderate-income investors, align retirement advice regulation with securities regulation, and protect the public from the harms of conflicted advice."
