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Why a red-hot RIA channel may be bad for business: Q&A with Cerity Partners CEO Kurt Miscinski

Articles & Interviews | Jan 9, 2019 | Kurt Miscinski

Our CEO & President, Kurt Miscinski, on the challenges and opportunities in the independent advisory space.

FinancialPlanning – Record assets are flowing into the independent channel. But increased competition and shaky markets could be signaling tough times ahead for financial advisors.

That’s the thinking of Cerity Partners CEO Kurt Miscinski. While the exodus to independence is a healthy sign for RIAs, financial advisors will likely find it harder to compete as the space becomes overcrowded with new entrants, he says.

Kurt Miscinski


Kurt is the President of Cerity Partners, responsible for the strategic direction and management of the firm. He has more than twenty years of experience in the financial services industry. Kurt chairs the Executive Committee.

Prior to co-founding Cerity Partners, Kurt was a Managing Director and an Executive Committee Member of Deutsche Bank’s Private Wealth Management division. In this role, he managed Deutsche Bank’s US wealth management offices and was responsible for the oversight of client relationships, including the development and servicing of investment, credit, and wealth management offerings for individuals, families, and institutions.

Prior to Deutsche Bank’s acquisition of Scudder Kemper Investments in 2001, Kurt was the Chief Operating Officer for Scudder Private Investment Counsel, an $18 billion asset management division that catered to family offices, wealthy individuals and non-profit institutions.

Kurt received his B.S. from the University of Illinois and M.B.A. from DePaul University. He is a Certified Public Accountant and a member of YPO, Vistage, and Business Executives for National Security.