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In his last go-around in the wealth management industry, Meehan co-founded the massive advisor network, Investment Planning Counsel [IPC]. As CEO of that firm, Meehan grew the organization from two small offices with approximately 30 advisors to a fully integrated wealth management organization with $18 billion in assets under administration. Meehan sold IPC to Power Financial through an acquisition by Investors Group. He stayed on until 2010, but eventually left the industry.
On the sidelines for a couple years because of a non-compete, he spent his time racing NASCAR. But now, Meehan is back and raring to go. He’s heading up Evolution, a firm financing the acquisition of the books of business of retiring advisors as a way of passing them to younger hands. Given that the average age of the advisor is well into middle age, it seems Meehan is set to take another victory lap.
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