In a recent episode of the Financial Advisor Success podcast, host Michael Kitces was joined by Diane Compardo, managing partner and leader of the Compardo, Wienstroer, Conrad & Janes Team at Moneta, to discuss how both she and her team have been able to achieve such success.
In the podcast episode, Compardo begins by explaining that Moneta, an independent registered investment advisor with $20 billion of assets under advisement, serves high-net-worth and ultra-high-net-worth clientele by assisting them with the financial concerns that matter most to them.
Despite being nearly a century old, Moneta is not the same firm it was when it first began. One of the most notable changes is the firm’s move from accepting a blend of fees and commission to becoming strictly fee based. “We want to be completely objective, sitting on the same side of the table as our clients so they know they’re getting our best advice,” comments Compardo on the firms’ decision.
Compardo continued to share about the evolution of Moneta and the Compardo, Wienstroer, Conrad & Janes Team, attributing their success to the constant focus on clients’ needs and assembling the right people who share that vision. Compardo has been strategic in building her team to address the complex needs of the clients they serve but also position the team and the firm to grow. Developing future partners is something Compardo takes seriously.
“A very insightful person said to me, ‘If you don’t hire the best talent, you will not delegate. They’ve got to be able to be somebody that can do it just as good as you.’ And I didn’t look back after that comment,” shared Compardo.
To listen to the entire Financial Advisor Success podcast episode featuring Diane Compardo, click here.
