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Recent news, updates and advice from our blog for financial advisors and business owners.
The latest from our podcast series for financial advisors
Outgrowing the Employee Model: How an ex-Merrill Advisor Found Autonomy and Abundance in Independence
Jerry Davidse and partner Brook Hart built their business at Merrill to over $300mm with a client base composed primarily of executives and founders of biotech and pharma companies. Yet as a young team, they were starting to feel like they had outgrown the firm and were limited in providing what they felt could be an “exceptional experience” for their clients. Jerry shares how they found greater freedom to achieve their goals as independent firm Presilium Private Wealth, expanded their ability to communicate and market their services, their outstanding portability ratio, uptick of referrals, and more. 
Listen…
Steward Partners Revisited: Jim Gold Offers an Insider’s Perspective on Why Supported Independence is Thriving
Since Jim Gold first visited this show in 2019, Steward Partners has grown from $10.9B in assets to over $27B. The founding partner and CEO of the firm provides an update on their evolution and extraordinary growth. He discusses the choice to move off the Raymond James Independent Contractor Platform, breaking new grounds with the Goldman Sachs custody platform, how Steward’s custody options have made the firm more attractive to a broader swath of advisors, and much more. Listen…
Happy Again: How a $440mm Merrill Team Got Their Mojo Back in Independence
For self-described “homegrown Merrill” advisors Chad Goodchild and Jacob Schlicht, there were plenty of things they liked about Merrill. Yet, over time, the happiness they once felt as financial advisors started to fade. And they really wanted to be business owners with more freedom to choose how they served clients. So they opted to launch independent firm Kickstand Wealth Advisors with support from TruClarity Wealth Advisors RIA platform—and regained their “happiness” as a result. Listen…
In the News
Home Office News: Wires Hang Help-Wanted Signs (Experience a Plus!); Alts at LPL; Morningstar’s ESG Analytics
November 30, 2022 Louis Diamond Quoted by Julie Daclag A roundup of key updates from major broker-dealers, registered investment advisors,…
Read MoreLast Call: Recruiters Prep for Finra-Induced Holiday Hiring Lull
November 17, 2022 Louis Diamond Quoted by Miriam Rozen Executives from regional firms to wirehouses have remarked on the frenzied…
Read MoreUBS Holds Line on 2023 Advisor Compensation: Memo
November 17, 2022 Louis Diamond Quoted by Kathleen Laverty Like its brokerage peers, UBS’ compensation plan has components of cash…
Read MoreTransition Announcement: $1B Father and Son Team Leave UBS for Independence
After two rounds of careful due diligence, UBS advisory team Roy Gutierrez and son David concluded that their futures, their…
Read MoreMerrill Scoops Up $1B Citi Private Bank Team; First Republic Nabs $1.25B Wells Team
November 14, 2022 By Jake Martin A four-advisor Citi Private Bank team managing $1 billion in client assets in Connecticut…
Read MoreHow a $1B father-son team in Arkansas left UBS for full independence
Louis Diamond Quoted November 10, 2022 By Victoria Zhuang Financial advisors looking to go independent usually spend anywhere from a…
Read MoreFather-Son Team Leaves UBS to Start Independent Practice With TruClarity
November 10, 2022 By Ali Hibbs A father-son team overseeing nearly a billion in assets at UBS has jumped ship…
Read MoreTen years after nixing Nestwise, LPL Financial prepares launch of new B2C venture headed by a former executive whose staff advises $40-billion
November 9, 2022 Louis Diamond Quoted by Lisa Shidler LPL Financial will pay $140 million to go bigger in mass-market…
Read MoreMerrill Piles Products into Dual-Contract Program, Touts Customization
November 8, 2022 Louis Diamond Quoted by Glenn Koch Merrill Lynch has added a suite of pre-approved products to its…
Read MoreTransition Announcement: Career-Merrill Team Chooses Sanctuary’s Model of Independence
Independence answered this pair’s requirement to gain freedom, control and ownership over their business with the benefit of a turnkey…
Read MoreTransition Announcement: $650mm Merrill Team Opts for Independence with Kestra PWS
With Kestra Private Wealth Services (PWS), Matt West and David Combs found a team of people with the experience and…
Read MoreSanctuary Plucks $2.4-Mln Team of Merrill Lifers with Pro Athlete Book
November 4, 2022 By AdvisorHub Staff Indianapolis-based independent broker-dealer Sanctuary Wealth has added its first team in Wisconsin with the…
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