The Future of Finance: Building Trust and Embracing Fiduciary Standards

Episode 032: On this week’s episode of The Connected Advisor, I talk with Lyle Wolberg, CEO, Senior Financial Life Advisor & Partner at Telemus.

As a former financial advisor at Merrill Lynch and Senior Vice President of Investments at UBS Financial Services, Lyle has more than 27 years of industry experience across all facets of financial wealth planning and investment management. Lyle talks about the importance of trust and how Telemus differentiates itself from other firms. He also shares his insights on technology investment and the future of the RIA industry, emphasizing the need for firms to offer additional services and create a one-stop solution for clients.

Key takeaways from this episode:

1. Trust is a common differentiator claimed by many advisors, but building strong relationships with clients is what truly sets firms apart.

2. Hiring and developing talent is crucial in the industry. Firms have to focus on creating a culture that encourages growth and provides opportunities for employees to evolve within the organization.

3. Mergers and acquisitions require effective communication and a clear transition plan to ensure a smooth integration of systems and services.

The episode is available now on your favorite podcast platform:

• Spotify

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• Youtube

• Google Podcasts

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If you’d like to schedule a time to talk with me about anything we cover on our podcast or Milemarker, click here to grab 15 minutes.

Kyle Van Pelt