General Investing >> Money Manager Interviews >> June 14, 2010

Outsourcing For Independent Financial Advisors – Michael Stier – Adhesion Wealth Advisor Services

Michael Stier has been with Adhesion since 2000, bringing with him over 25 years of financial services experience. He was formerly Senior Vice President at Bank of America, where he provided leadership to the Asset Management Group in applying technology to BofA's private banking, trust, investment management (private and institutional), brokerage and mutual fund businesses. While there, Mr. Stier developed the strategy, technology infrastructure and organization to support a growth in business from $60 billion to $200 billion in managed assets. He also managed the integration of four acquired banks. Prior to that, Mr. Stier helmed the technology group for Goldman Sachs' worldwide capital markets group, supporting the growth of the business across three continents. Mr. Stier began his career in New York Andersen Consulting (now Accenture), where, as a senior consulting manager in their advanced systems group, he brought advanced technology solutions to Wall Street clients. Profile
TWST: Please begin with an overview of Adhesion Wealth Advisor Solutions and your target markets.

Mr. Stier: Adhesion's target market is the independent financial adviser. These are the advisers who