From the Military to Wealth Management with Jim Carroll

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 Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Learn more about Mammoth Scientific's Health & Tech Fund 1 When you move beyond the point of making sure your retirement goals are on track, your investment opportunities are wider than just publicly traded funds. Step into the world of investing in venture capital by learning more about Mammoth Scientific's Health & Tech Fund 1. Curated by some of the leading medical and fintech experts, Mammoth's Fund 1 is paving the way for health science and tech innovation. If you're interested in helping patient care, provider insight, and instrumentation go beyond possibility and into reality, check it out today at Mammoth.vc. Visit Mammoth.vc today!