Updated
Updated · Wealth Management · Aug 19
Brookwood Hires 4 Executives for $1.5 Billion RIA, Adopting Partnership Model
Updated
Updated · Wealth Management · Aug 19

Brookwood Hires 4 Executives for $1.5 Billion RIA, Adopting Partnership Model

3 articles · Updated · Wealth Management · Aug 19

Summary

  • Brookwood added four executives—President Claire Alexander, Chief Growth Officer Michael Jones, COO Jasmine Yu and CFO Jeffrey Williams—to lead its next phase after assets topped $1.5 billion.
  • The Phoenix-based RIA said the hires answer rapid expansion from $515 million in 2024 and more than 75 advisors, giving founder Kimberly Raimondo operational depth and a succession path.
  • Raimondo structured the appointments as partnerships rather than standard executive roles, borrowing from law-firm ownership models to build a firm that can outlast its founders.
  • The move highlights a broader RIA industry challenge: as mid-sized firms scale, many seek outside capital or sell to larger backers, while Brookwood is betting internal partners can support growth and continuity.

Insights

With AUM tripling in just two years, how will Brookwood finance its ambitious equity-sharing model without outside capital?
Can a law-firm-style partnership truly protect an RIA's legacy, or will private equity's record-breaking buyouts eventually force a sale?