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RIA Edge Podcast: Cresset’s Liz Nesvold Goes From Deal-Maker to RIA GamechangerRIA Edge Podcast: Cresset’s Liz Nesvold Goes From Deal-Maker to RIA Gamechanger

Recorded live at the RIA Edge Conference, this episode offers an exclusive peek into Liz’s recent transition from investment banking to her new role as president of Cresset, one of the fastest-growing and most successful RIA firms.

Mark Bruno, Managing Director, Wealth Management

July 25, 2023

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Following a remarkable period of M&A activity in the RIA industry, one of the star bankers in the industry has made the leap from leading deals to leading one of the largest RIAs in wealth management. 

 In this special episode of the RIA Edge Podcast, host Mark Bruno, the managing director of the Wealth Management Group at Informa, engages in a fascinating dialogue with Liz Nesvold, a renowned investment banker with a 30-year career in the industry.

Recorded live at the RIA Edge Conference, this episode offers an exclusive peek into Liz’s recent transition from investment banking to her new role as president of Cresset, one of the fastest-growing and most successful RIA firms. Together, they explore the motivations behind her move and delve into the opportunities within the RIA space, drawing from Liz’s vast experience advising on major transactions and working with top-tier investment firms.

Throughout the conversation, they touch on various topics including:

  • The current state of mergers and acquisitions, along with RIA valuations

  • Opportunities to accelerate growth in the RIA channel 

  • The challenges and opportunities associated with talent acquisition. 

  • Liz’s deep insights and unique perspective shed light on the evolving landscape  

Related:Liz Nesvold Says Farewell to Raymond James, Takes Top Spot at Cresset

Resources:

 RIA Edge Podcast

Connect With Mark Bruno:

Connect With Liz Nesvold:

About Our Guest:

Throughout her 30-year career, Liz has served as a trusted consultant and investment banker, providing exceptional advice to her clients across business strategy, succession planning, integration, and growth.

Liz is a founder and CEO herself, having launched and built the investment bank Silver Lane Advisors with several talented partners, including her husband, Peter Nesvold. Under Liz’s leadership, Silver Lane became a widely recognized leading RIA M&A firm, which was sold to a Fortune 500 company in 2019. Liz remained a Managing Director and Head of Asset and Wealth Management Investment Banking until joining Cresset.

Among her many recognitions, Liz was recognized as a Woman to Watch by InvestmentNews in 2019 for her leadership in the financial advisory industry. She has also been an active champion and advocate for women in financial services throughout her career and is a member of CHIEF, 100 Women in Finance, and Young Presidents Organization. She serves as the independent director on the board of ClientWise, which she recapitalized with Northwestern Mutual Future Ventures Fund.

Related:Michael Kitces' #FASuccess Podcast: Elizabeth Nesvold on the Evolution of the Valuation of Wealth Management Firms

Liz earned a Bachelor of Arts from Binghamton University and an MBA in Finance with high honors from Fordham University Gabelli School of Business.

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About the Author

Mark Bruno

Managing Director, Wealth Management, Informa Connect

Mark Bruno is Managing Director, Wealth Management at Informa Connect. In his role, Mr. Bruno leads the company’s Wealth Management media and event properties, which currently consists of WealthManagement.com, Inside ETFs and Inside WealthStack. He is also charged with driving several innovative new community and advisor-based initiatives, including the launch of the new RIA Edge podcast, event and webcast series.

In addition, Mr. Bruno is overseeing strategic partnerships and acquisitions to accelerate Informa’s growth within the financial advisor and wealth management communities. Mr. Bruno brings over 20 years of experience in the wealth management and asset management industries to Informa, including prominent leadership roles in industry media, research, and consulting organizations.

Before joining Informa Connect, Mr. Bruno was a Managing Director at ECHELON Partners, where he provided investment banking, consulting and valuation services to wealth managers. Mr. Bruno specialized in helping RIAs with a range of strategic initiatives, and his areas of expertise include organizational design and assessments, compensation consulting and succession and continuity solutions.

Prior to joining ECHELON, Mr. Bruno was the Managing Director and Associate Publisher at InvestmentNews, where he was responsible for overseeing a wide range of businesses, including IN’s research, content strategy, digital, custom publishing and sales groups. Mr. Bruno was with InvestmentNews for 12 years and helped establish the company as the leading B2B media brand in the wealth management industry. He played an integral role in the sale of InvestmentNews from Crain Communication to Bonhill Plc in 2018.

Mr. Bruno is an award-winning journalist, author and researcher who has written and edited for a number of financial publications over the past two decades, including InvestmentNews, Financial Week, Pensions & Investments and U.S. Banker. Mr. Bruno has also been featured in the Wall Street Journal, Forbes and the Chicago Tribune for his expertise in wealth and investment management. Mr. Bruno has received numerous accolades for his writing and reporting, including the American Business Media's prestigious Jesse H. Neal Award, and for his breaking news coverage and analysis of the financial services industry by The Society of American Business Editors and Writers. Mr. Bruno is the author of Save Now or Die Trying: Achieving Long-Term Wealth In Your 20s and 30s, one of the top-selling retirement planning books of 2007.