EP 8 - David Canter & Scott Slater of Fidelity Clearing & Custody Solutions

In the eighth episode of The COO Roundtable, Matt sat down with David Canter and Scott Slater of Fidelity Clearing & Custody Solutions.  David is the Executive Vice President and Head of the RIA Segment at Fidelity.  A lawyer by trade, David has been in the industry for 25 years and has been involved in everything from setting up RIAs from a legal and compliance perspective to helping them grow and scale from a practice management standpoint.  Scott is the Vice President of Practice Management and Consulting at Fidelity.  He helps some of the largest firms in the industry work through their M&A strategy and is also host of the Future Ready Through M&A Podcast.  Matt, David, and Scott sit down to discuss their unique perspective into RIAs of various shapes and sizes across the country and much more, including:

• David and Scott’s respective professional backgrounds and how those affect their roles today
• The evolution of the Chief Operating Officer role and how they can help a firm navigate the greater RIA ecosystem
• How Fidelity is working with firms outside of their clearing and custody solutions
• The four areas Fidelity focuses on to help take RIAs to the next level
• Scott’s take on what Buyers and Sellers need to do in order to be successful in the M&A market
• David’s perspective on the profit vs. growth debate
• Their thoughts on why professional management tends to fail at RIAs

We hope you enjoy, share, and subscribe! To subscribe to the podcast on iTunes, click here or to subscribe on Google Play, click here. We are increasing the frequency of our own RIA practice management articles – to sign up to be notified of new content, click here. Check out Scott’s favorite entrepreneurship book, The E-Myth Revisited, here. Check out David’s favorite entrepreneurship podcast, Startup, here. Fidelity Clearing & Custody Solutions® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. Fidelity is not affiliated with PFI Advisors.