Rise Growth Partners announced that it has hired Terri Kallsen as managing partner and senior operating advisor.
Kallsen most recently served as Wealth Enhancement Group’s chief operating officer. She also previously served as executive vice president for investor services at Charles Schwab and as president of wealth management at USAA.
"I've always been passionate about supporting advisors in their growth, and my enthusiasm to lead at the entrepreneurial level was kindled when I learned about the mission of Rise Growth Partners," said Kallsen in a prepared statement. "Throughout my career, I’ve had the pleasure of guiding many RIA owners toward achieving growth and scale, demonstrably increasing enterprise value. We’re looking for talented RIAs with a thirst for growth, a values-based culture, leaders who want to partner in a synergistic way, and most importantly, open to change for the betterment of their firm.”
At Schwab, Kallsen led a team of over 7,000 employees overseeing $1.6 trillion in assets.
Rise, an RIA capital financing platform founded by former United Capital CEO Joe Duran, intends for Kallsen to serve as an advisor to help RIA owners scale their businesses and build out service platforms.
The Rise platform is scheduled to formally launch in 2024, partnering with a select group of middle-market RIAs with between $750 million and $5 billion in AUM.
"As our team embarks on this new venture, we are seeking partners who are not only deeply experienced in helping advisors grow, but also those who align with our values," said Duran in comments released on Monday. "Terri epitomizes the type of leader I have always worked most effectively with—a professional who not only possesses comprehensive industry knowledge but also passionately believes in the transformative potential of independent advice. Terri could have gone anywhere in the industry, and we’re thrilled she has joined us to influence and impact the next generation of RIAs.”