Episode 72 · Dec 17, 2024 · 37 min
Why Long-Term Strategy is the Key to Financial Success with Brad Ball
About this episode
Brad Ball, founder of Bison Wealth, is a seasoned financial expert with a passion for creating long-term value in wealth management. Brad’s approach integrates patient capital, cutting-edge investment strategies, and a focus on building resilient client relationships.
In this episode, Kyle talks with Brad about the importance of infrastructure in financial firms, the key elements of successful advisor training, and the challenges and opportunities in the wealth management industry. Brad shares his journey from working with large pension plan investments to founding Bison Wealth, emphasizing the need for a supportive environment and sophisticated strategies to meet client needs. They also explore the role of technology and AI in modern wealth management, along with Brad's insights on industry trends and future growth.
In this episode:
- (00:00) - Intro
- (00:47) - Meet Brad Ball
- (02:09) - Brad's money moment
- (05:06) - Training and succession planning in wealth management
- (08:35) - Merging Bison Advisors and Bison Wealth
- (10:42) - Strategies for growth and client acquisition
- (19:41) - The role of technology in Bison's growth
- (28:20) - Future trends in the financial industry
- (32:17) - Brad's Milemarker Minute
Key Takeaways
- Aligning with partners who have a long-term investment horizon allows for strategic planning and enduring client relationships.
- Incorporating alternative investments into portfolios enhances protection and creates unique value for high-net-worth clients.
- A cohesive and integrated technology stack is essential for operational efficiency and long-term success.
- Focusing on personalized client solutions fosters trust and builds lasting relationships in a competitive industry.
Quotes
“If you're not trying to create some synergy with your tech stack, with your operations, you simply bog down and you can't be successful.” ~ Brad Ball
“ We're really focusing on building products that have protections built in that give [clients] less of a binary outcome and more of a disproportionate up to down.” ~ Brad Ball
“ There is no question the market has voted firmly that aggregators are going down in value, and integrators are going up in value.” ~ Brad Ball
Links
- Brad Ball on LinkedIn
- Bison Holdings
- Bison Wealth
- Empower
- Orion
- Redtail
- Goodwood Consulting
- Fidelity
- Schwab
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Subscribe and stay in touch
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The write-up
Listen to this week’s episode.
Episode 072: On this week’s episode of The Connected Advisor, I talk with Brad Ball, founder of Bison Wealth.
Brad Ball is a seasoned financial expert with a passion for creating long-term value in wealth management. His approach integrates patient capital, cutting-edge investment strategies, and a focus on building resilient client relationships.
In this episode, we discuss the importance of infrastructure in financial firms, the key elements of successful advisor training, and the challenges and opportunities in the wealth management industry. Brad shares his journey from working with large pension plan investments to founding Bison Wealth, emphasizing the need for a supportive environment and sophisticated strategies to meet client needs. We also explore the role of technology and AI in modern wealth management, along with Brad’s insights on industry trends and future growth.
Key Takeaways
Aligning with partners who have a long-term investment horizon allows for strategic planning and enduring client relationships.
Incorporating alternative investments into portfolios enhances protection and creates unique value for high-net-worth clients.
A cohesive and integrated technology stack is essential for operational efficiency and long-term success.
Focusing on personalized client solutions fosters trust and builds lasting relationships in a competitive industry.
Quotes
“If you’re not trying to create some synergy with your tech stack, with your operations, you simply bog down and you can’t be successful.” ~ Brad Ball
“ We’re really focusing on building products that have protections built in that give [clients] less of a binary outcome and more of a disproportionate up to down.” ~ Brad Ball
“ There is no question the market has voted firmly that aggregators are going down in value, and integrators are going up in value.” ~ Brad Ball
Links
Connect with our hosts
Subscribe and stay in touch
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Kyle Van Pelt
