That’s how Mark Tibergien started his first “Formulas forSuccess” column for this publication 13 year ago, and his thinking still applies to the business of advice right now.
The soon-to-be-retired CEO of BNY Mellon|Pershing’sAdvisor Solutions worked at a newspaper and on the radio inMichigan’s Upper Peninsula early on, then moved to financialmedia and later consulting at Management Advisory Services.From there, he moved onto the accounting firm Moss Adams.
“In these pages every month,” he wrote back in ‘03, “I’m going
to explore what the most successful practices do to get that way,
and what you can learn from them to increase the success of
your own practice. After all, if you can’t
make a living as a financial advisor, you
probably won’t be very helpful to your
Top Advice Today
“I joined Pershing just at the beginning ofthe Great Recession, and now I’m leavingaround the start of the coronavirus,” Tibergien said in a recentinterview. “My career [there] has been bracketed by cruel events.”The executive has been sheltering in place in Manhattan.“The challenge is keeping preoccupied while you’re worriedabout your health, finding ways to get exercise, relax, read, lis
“What’s the biggest challenge facing financial advisors today?
The stock market? The economy? The threat of war in theMiddle East? Managing client portfolios in the new investingenvironment? Based on over 20 years of experience consultingwith advisors, I’d have to say ‘none of the above.’”
As he retires from his role at Pershing,the industry veteran offers advisorsfurther wisdom on business successand looks back at the varied chaptersof his career to date.
BY JANET LEVAUX