--- title: "Why Specialization Is the Future of Financial Advice with Art Ambarik" description: "In this episode, Kyle Van Pelt talks with Art Ambarik, CEO of Perigon Wealth Management, about the transformative trends reshaping the financial advice…" url: https://www.milemarker.co/podcast/why-specialization-is-the-future-of-financial-advice-with-art-ambarik updated: 2025-01-28 --- [Now playing](https://www.milemarker.co/podcast) [Podcast**Next Mile**](https://www.milemarker.co/podcast) [Episodes](https://www.milemarker.co/podcast)[Guests](https://www.milemarker.co/podcast/guests) [YouTube](https://www.youtube.com/@milemarkerinc) [Apple](https://podcasts.apple.com/us/podcast/the-connected-advisor/id1691759257) [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) Episode 78 · Jan 28, 2025 · 32 min # Why Specialization Is the Future of Financial Advice with Art Ambarik [**Art Ambarik***CEO, Perigon Wealth Management*](https://www.milemarker.co/podcast/guests/art-ambarik) [Apple Podcasts ↗](https://podcasts.apple.com/us/podcast/the-connected-advisor/id1691759257) [Spotify ↗](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) ## About this episode In this episode, Kyle Van Pelt talks with Art Ambarik, CEO of Perigon Wealth Management, about the transformative trends reshaping the financial advice industry. They discuss the importance of specialization in financial advising, the evolving role of technology, and transitioning from a generalist to a niche-focused advisor. Art shares his journey into the industry, the importance of aligning future financial goals with present actions, and the growth and integration of Perigon Wealth. They also discuss the importance of building trust, professionalization in the RIA industry, and fostering client-centered growth. In this episode: - (00:00) - Intro - (02:33) - Art's Money Moment - (05:23) - Growth and phases of Perigon Wealth Management - (10:53) - Challenges and strategies in integration - (15:23) - The role of technology in financial advisory - (17:31) - Professionalization and organic growth - (23:37) - How advisors are becoming specialists - (27:07) - Milemarker Minute **Key Takeaways** - **Embrace Niche Expertise:** Specializing in specific client segments or financial areas enhances trust and positions advisors as authorities, leading to stronger client relationships and business growth. - **Leverage Technology for Scalability:** Implementing advanced technological solutions streamlines operations, allowing firms to efficiently scale while maintaining high-quality, personalized client service. - **Prioritize Client-Centric Growth:** Focusing on clients’ unique needs and building trust through transparency and reliability fosters long-term relationships and drives organic growth. - **Adapt to Industry Evolution:** Staying informed about industry trends and being flexible in adopting new practices ensures firms remain competitive and can effectively meet changing client expectations. - **Invest in Professional Development:** Continuous learning and development for advisors and staff are crucial for delivering sophisticated financial advice and adapting to the evolving landscape of wealth management. **Quotes** “ This isn't about picking the best investment. This is about helping people achieve their goals, live the life they want to live, and try to optimize their finances in a way to get there.” ~ Art Ambarik “ What's happening is the professionalization of the industry. What that means is, we have colleges now teaching CFP classes and people coming out as trusted experts. They're not viewed by their peers as salespeople They're not viewed by their peers necessarily as investment specialists. They're viewed by their peers as professional financial advisors.” ~ Art Ambarik “Financial advisors are going from being generalists to being experts and having more of a niche. It makes complete sense. If you're a prospective client, you're looking for trust and confidence.” ~ Art Ambarik **Links** - [Art Ambarik on LinkedIn](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/) - [Perigon Wealth Management](https://www.perigonwealth.com/) - [Phil Hart](https://www.linkedin.com/in/philip-hart-8a01a72/) - [Talking to Strangers by Malcom Gladwell](https://www.amazon.com/Talking-Strangers-Should-about-People/dp/0316478520) **Connect with our hosts** - [Milemarker.co](https://www.milemarker.co/) - [Kyle on LinkedIn](https://www.linkedin.com/in/kylevanpelt/) - [Jud on LinkedIn](https://www.linkedin.com/in/judmackrill/) **Subscribe and stay in touch** - [Apple Podcasts](https://podcasts.apple.com/us/podcast/connected/id1691759257) - [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) - [YouTube](https://www.youtube.com/@milemarkerinc) ## Promos **Produce game-changing content with Turncast** Turncast helps your company grow by producing top-quality content and fostering transformative conversations. We specialize in content generation, podcasting, digital strategy, and audience growth for fintech and financial services companies. Learn more at [Turncast.com](https://www.turncast.com/). ## The write-up [Listen to this week’s episode.](https://open.spotify.com/episode/5Jj8r7cDn9oOtiwKIM9Sm1?si=c5b35d78ee3b49db&utm_source=newsletter.milemarker.co&utm_medium=newseletter&utm_campaign=topic-tbd&nd=1&dlsi=6c6febaebaf544e5) ## Episode 078 On this week’s episode of The Connected Advisor, I speak with [Art Ambarik](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/), CEO of [Perigon Wealth Management](https://www.perigonwealth.com/). In this episode, we explore the transformative trends reshaping the financial advice industry, including the importance of specialization in financial advising, the evolving role of technology, and the transition from a generalist to a niche-focused advisor. Art shares his journey into the industry, the importance of aligning future financial goals with present actions, and the growth and integration of Perigon Wealth. We also cover the importance of building trust, the professionalization in the RIA industry, and fostering client-centered growth. #### **Key Takeaways** **Embrace Niche Expertise:** Specializing in specific client segments or financial areas enhances trust and positions advisors as authorities, leading to stronger client relationships and business growth. **Leverage Technology for Scalability:** Implementing advanced technological solutions streamlines operations, allowing firms to efficiently scale while maintaining high-quality, personalized client service. **Prioritize Client-Centric Growth:** Focusing on clients’ unique needs and building trust through transparency and reliability fosters long-term relationships and drives organic growth. **Adapt to Industry Evolution:** Staying informed about industry trends and being flexible in adopting new practices ensures firms remain competitive and can effectively meet changing client expectations. #### **Quotes** “ This isn’t about picking  the best investment. This is about  helping people achieve their goals, live the life they want to live, and try to optimize their finances in a way to get there.” ~ [Art Ambarik](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/) “ What’s happening is the professionalization of the industry. What that means is, we have colleges now teaching CFP classes and people coming out as trusted experts. They’re not viewed by their peers as sales people They’re not viewed by their peers necessarily as investment specialists. They’re viewed by their peers as professional financial advisors.” ~ [Art Ambarik](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/) “Financial advisors are going from being generalists to being experts and having more of a niche. It makes complete sense. If you’re a prospective client, you’re looking for trust and confidence.” ~ [Art Ambarik](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/) #### **Links** [Art Ambarik on LinkedIn](https://www.linkedin.com/in/arthur-ambarik-cfp%C2%AE-75359457/) [Perigon Wealth Management](https://www.perigonwealth.com/) [Phil Hart](https://www.linkedin.com/in/philip-hart-8a01a72/) [Talking to Strangers by Malcom Gladwell](https://www.amazon.com/Talking-Strangers-Should-about-People/dp/0316478520) #### **Connect with our hosts** [Milemarker.co](https://www.milemarker.co/) [Kyle on LinkedIn](https://www.linkedin.com/in/kylevanpelt/) [Jud on LinkedIn](https://www.linkedin.com/in/judmackrill/) #### **Subscribe and stay in touch** [YouTube](https://youtu.be/KREzS0DG-Bg) [Apple Podcasts](https://podcasts.apple.com/us/podcast/connected/id1691759257) [Spotify](https://open.spotify.com/show/0Lw8kHGnS1JJBMZLPYxc9S) **While there, please don’t forget to Download, Like, and Subscribe.** If you’d like to schedule a time to talk with me about anything we cover on our podcast or [Milemarker](https://www.milemarker.co/), [click here for 15 minutes](https://meetings.hubspot.com/kyle-van-pelt). Kyle Van Pelt [**Art Ambarik***CEO, Perigon Wealth Management*](https://www.milemarker.co/podcast/guests/art-ambarik) Next Mile Conversations with the people building the next era of wealth management, hosted by Kyle Van Pelt. New episodes every Tuesday. [Get the newsletter →](https://www.milemarker.co/resources/newsletter) [Talk to Milemarker →](https://www.milemarker.co/contact)