The COO Roundtable: Episode 90

With Episode 90, Matt welcomes Giselle Crout, COO at Corvus Wealth Advisors, and Brent Lee, Partner and COO at Dodds Wealth. Corvus Wealth Advisors is headquartered in San Luis Obispo, with a second office in Templeton, CA. The firm manages approximately $1 billion in client assets and has 20 employees. Dodds Wealth, an LPL-affiliated firm, has offices in Denver and Colorado Springs, CO, manages approximately $800 million for clients, and employs 15 team members. Giselle, Brent, and Matt dig into what it takes to manage an RIA through that critical growth stretch around $1 billion in AUM, touching on:

• Both guests’ career paths leading up to their current COO roles
• The three-person study group Giselle and Brent belong to alongside Chris Pelch (Episode 47), and how the group has supported their development as operations professionals
• The process changes both firms have made at the enterprise level to support growth beyond a single office and a headcount that used to allow for institutional knowledge to reside in everyone’s head
• How Corvus and Dodds Wealth are tracking advisor capacity to ensure their teams aren’t maxed out
• How both firms are navigating the RIA technology industry’s shift from an open-architecture, best-of-breed approach to an all-in-one value proposition
• What both guests have built into their summer internship programs to make sure interns leave with real industry experience and (hopefully!) want to return as full-time employees upon graduation

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You can read the full transcript here.

The views and opinions expressed by guests on The COO Roundtable are their own and do not necessarily reflect the views of Coldstream Wealth Management. Guest statements regarding their firms, including assets under management and business performance, have not been independently verified by Coldstream.