Erin Scannell Ameriprise Assembling winning teams hinges on establishing a winning culture and recruiting talented young prospects, but wealth managers face the challenge of matching the pay and pizzaz of Tesla TSLA , Google GOOG , Amazon AMZN and Facebook. “It is all culture over process,” said Nestor J. Vicknair, founder of the VMT Wealth Management Group with Merrill Lynch in Houston. Added Erin Scannell, founder of Heritage Wealth Advisors: “We are living and breathing the old Peter Drucker quote of ‘culture eats strategy.’” Scannell and Vicknair, both Forbes/SHOOK Top-Ranked advisors, spoke at the June 3 Forbes SHOOK Virtual Top Advisor Event titled “Forging Ahead.” Heather Crist, head of field engagement at UBS Wealth Management USA moderated the session. Nestor Vicknair Both Vicknair and Scannell manage large teams. Scannell, who is affiliated with Ameriprise Financial AMP , said his firm has 68 team members and close to $3 billion in assets while Vicknair said he o...
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