Carolyn Armitage, who was laid off from her position as head of Thrivent Advisor Community in July, has launched her personal consulting agency geared toward serving to wealth administration CEOs with strategic planning and govt management expertise.
The state of Minnesota lately banned non-compete agreements, so Thrivent despatched Armitage an e mail, saying the corporate would not implement hers.
Armitage stated she had interviewed at quite a lot of business organizations, however none of them have been a match for what she needed to perform subsequent. She introduced the launch of Carolyn Armitage Consulting on LinkedIn. The brand new enterprise will give attention to serving to executives at registered funding advisors and hybrid companies with succession planning, workforce administration, and strategic choices.
“I’ve spent most of my profession—whereas I’ve carried out quite a lot of company improvement—it’s all the time been centered round advisor improvement as effectively,” Armitage stated, in an interview with WealthManagement.com.
A lot of her focus can be on serving to these executives rent the fitting folks and preserve them inside the group.
“I’ve undoubtedly seen a spot within the business the place advisors are being challenged in operating the folks facet of their enterprise,” she stated. “I’ve talked to quite a lot of executives who simply don’t get pleasure from main folks, and we’re within the folks enterprise. Having govt management expertise are paramount to being a profitable CEO, otherwise you rent that into one other position.”
She has a few dozen potential purchasers eager about signing onto the brand new agency. She’ll cost an hourly price for purchasers who simply need to decide her mind on issues, or a flat price for bigger initiatives.
Armitage was laid off from Thrivent as half of a bigger reorganization of the wealth administration enterprise. Thrivent let go 4 different folks on Armitage’s workforce, together with enterprise improvement officers Tom Pistole and Erik Feldman, Development Program Supervisor Lori Sherman and Enterprise Improvement Guide Katie Tram. The agency has additionally halted recruiting new advisors to its RIA.
Previous to that, Armitage served as a managing director at funding financial institution and RIA consulting agency Echelon Companions.
Thrivent employed Armitage to interchange Luke Winskowski, who the agency tapped at the moment to guide its new recommendation and wealth administration division. Winskowski has since left Thrivent to be president of 49 Monetary, an Austin, Texas-headquartered hybrid RIA with just below $1 billion in property.
