Joining a team of experienced wealth management professionals can be an extremely rewarding experience. Not only will you have the opportunity to learn from some of the best in the business, but you will also be able to help others achieve their financial goals.
In this episode, Tommy talks with Jim Carroll, Senior Vice President & Portfolio Manager at Toroso Advisors. Before joining Toroso Advisors, Jim founded Long Run Capital Management in 2003 to manage investments for high-net-worth families, related trusts, and charitable vehicles. At Toroso, Jim specializes in systematic ETF strategies to achieve specific objectives. He also serves as a sub-advisor for an insurance dedicated fund and a multi-manager volatility strategy. Jim is passionate about helping people who don't have a lot of expertise in navigating the financial markets.
Jim talks with Tommy about his transition from the military to the financial world, how he built a scalable business, and why he joined Toroso Advisors despite having his firm.
Key Takeaways
[02:01] - A brief overview of Jim's background.
[03:52] - What made Jim switch from the military to business school.
[13:17] - Jim's transition from the military to the financial world.
[18:22] - How Jim built a scalable business.
[25:23] - Jim's key role at Toroso Advisors.
[28:14] - Why Jim joined Toroso Advisors despite having his own firm.
[31:01] - What makes Toroso Advisors an ideal partner for independent advisors.
[34:16] - Jim's favorite case study at Harvard Business School.
Quotes
[11:15] - "The best leaders are the ones who have the highest emotional intelligence, not just book smart. You have to be able to work with people and lead and get people to follow." - Jim Carroll
[23:31] - "One of the reasons that a client may choose to work with multiple advisors is that the advisory business has begun to deliver canned solutions for most clients." - Jim Carroll
[28:31] - "As a one-man registered investment advisor, I was limiting myself because there were opportunities to do business with people who weren't comfortable with a one-man show." - Jim Carroll
Links
Jim Carroll on LinkedIn
Jim Carroll on Twitter
Jim Carroll Email
Toroso Advisors
Harvard Business School
Daniel Goleman
Morgan Stanley
Mary Meeker
Merrill Lynch
Bridgewater Associates
Regina Herzlinger
Connect with our hosts
Mammoth
Tommy on LinkedIn
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