The Better Ensemble: A Working Manual for Building a Firm Where Value Compounds (THE BETTER ADVISORY FIRM SERIES)

An Ensemble is the first structure that is genuinely a business rather than a practice. The books have pooled, the clients belong to the firm, and value can finally compound, provided the leverage beneath each lead advisor is built rather than assumed.

The Better Ensemble is the working manual for building it. It covers:

• The leverage stack beneath every lead advisor
• Ensemble economics and financial governance
• Segmentation that is enforced, not just written down
• The three compensation systems an ensemble has to get right
• A career path people can actually see
• The equity and succession decisions best made while they are still hypothetical

Drawing on decades as a COO, Managing Partner, and coach to advisory firms, JT Wiederholt lays out what separates an ensemble that compounds from one that is simply a larger group of advisors sharing a name.
The Better Ensemble is part of The Better Advisory Firm Series and a companion guide to When Heroics Fail, Structure Prevails, which makes the case for structure and maps the four firm archetypes. Three further guides cover the others: The Better Solo, The Better Silo, and The Better Enterprise.