Balancing Expertise and Independence: Rubin Miller on Rethinking Wealth Management

In this episode of Beyond the Bank, Andrew Auerbach sits down with Rubin Miller, co-founder of Peltoma Capital, to explore the evolving world of wealth management. Rubin shares his unique journey from competitive chess to proprietary trading and his eventual transition into independent advisory. The discussion delves into the ongoing debate between percentage-based AUM fees and flat-fee models, highlighting the complexities of client value, investment expertise, and the role of personalized service. Rubin also reflects on the growing trend of independent advisory firms, offering insights into the cultural and structural differences between the U.S. and Canadian wealth management landscapes. Packed with thought-provoking perspectives, this conversation underscores the importance of aligning investment strategies with client goals while embracing the flexibility and client-first ethos of the independent model.