McCusker: Large PE firms built 100-person sales teams for RIA market
Tim McCusker · Asset Management Consolidation - Simon Krinsky, Hall Capital and Tim McCusker, NEPC (EP.421) · Dec 9, 2024 · at 16:17
Tim McCusker (CIO of NEPC) explains why NEPC initially held back from independently pursuing the RIA marketplace during strategic planning in 2021.
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“We looked at some of the big private equity firms starting to raise hundred person sales forces to attack that market, and we thought, well, that's not really implementable for any PC, so let's keep it on there, but we don't really have anything right now.”
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