What does it actually take to grow a $20 billion independent RIA? Jordan Kienzle, Partner and Chair of the Investment Committee at Baker Street Advisors, pulls back the curtain on how fiduciary wealth management really works — and why most investors are quietly losing money to fees and taxes they don't even know they're paying.
Jordan managed hundreds of millions for retirees at U.S. Bank during the 2008 financial crisis at age 22. That formative experience shaped everything: his view of risk, client psychology, and what alignment really means in wealth management.
In this episode we cover:
→ Why Baker Street grew from $6B to $20B in a decade
→ The "two silent killers" eating your portfolio: fees and taxes
→ How to think about alternatives without getting burned
→ Managing concentrated stock positions for ultra-high-net-worth clients
→ Why secondary strategies are outperforming right now
→ The biggest market misconception investors have today
Whether you're an advisor, investor, or just trying to understand how the best RIAs think — this one's worth your full attention.