Insights

December 6, 2023

The COO Roundtable: Episode 59

In Podcast: The COO Roundtable

Contributions from: Matt Sonnen

With “The Sabbatical Episode,” Matt welcomed two highly respected RIA professionals to tackle a topic not often discussed in our industry: mental health.  Allison Felix, a two-time guest to the podcast, is Managing Partner and Chief Operating Officer of Cassaday & Co.  Erika Yelle is Chief Compliance Officer at Coldstream Wealth Management.  Both guests have been with their firms for over two decades and have held various positions and witnessed incredible growth at both RIAs.  Cassaday & Co. is headquartered in McLean, Virginia, has 86 employees and currently manages just under $5 billion of AUM.  Coldstream Wealth Management employs approximately 160 employees, manages just under $7 billion of client assets, and has 7 office locations in the Pacific Northwest.  Matt, Allison, and Erika have an honest conversation around the internal pressures we tend to place on ourselves to always be available, the fear of setting an Out of Office reply, our industry’s slow movement away from Gordon Gekko’s comment in the ‘80s that “lunch is for wimps,” as well as:

  • Their respective firms’ policies around sabbaticals
  • How employees who are so integral to the day-to-day operations of their firms can plan for an extended time away
  • The benefits sabbaticals have not only to employees, but the broader organization
  • Tips for “re-entry” after time away so as not to be too overwhelmed

We hope you enjoy, share, and subscribe on Google PodcastsApple Podcasts, or Spotify.

You can read the full transcript here.

Related Articles

February 7, 2024

The COO Roundtable: Episode 61

We welcome Janelle Anderson and David Lehman for Ep 61!  Janelle is the Operations Manager and Chief Compliance Officer at Grand Wealth Management, located in Grand Rapids, MI.  The firm manages approximately $600 million and has 13 employees.  Matt and Janelle met at a DFA study group in May 2023.  David is a financial advisor [...]

Contributions from: Matt Sonnen

January 17, 2024

The COO Roundtable: Episode 60

Episode 60 marks our 5-year anniversary, and Matt was feeling nostalgic for this conversation with Amber Salzman of Capstone Financial Advisors and Jean Paul Atallah of RZH Advisors.  Amber is the Manager of Client Services and a partner of the firm, which is located in Downers Grove, IL, and manages approximately $1.8 billion with 35 [...]

Contributions from: Matt Sonnen

November 1, 2023

The COO Roundtable: Episode 58

For this episode, we step away from our standard format of speaking with operations professionals in the trenches to speaking with an author and entrepreneur about the role of the COO.  Cameron Herold has written a fabulous book directed at CEOs contemplating hiring a COO, titled, Second in Command – Unleash the Power of Your [...]

Contributions from: Matt Sonnen