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Knowledgebase for Advisors
Recent news, updates and advice from our blog for financial advisors and business owners.
The latest from our podcast series for financial advisors
Why a $5B UBS Breakaway Team Set Out to Build the “Boutique Firm of the Future”
Former UBS advisors managing $5B in assets, Rob Sechan and Jeff Kobernick, found that servicing ultra-high net worth clients became difficult at the wirehouse. Yet they couldn’t find another option that aligned with their vision—so they built RIA NewEdge Wealth with EdgeCo Holdings and other UBS veterans. In this episode, Rob shares their journey, starting with how he and Jeff built a mega-business at UBS, what changed over time and how those changes impacted their ability to serve clients, what options they considered prior to launching NewEdge, why he sees it as the “boutique firm of the future,” and much more. 
Listen…
Industry Guru Bob Veres on Achieving Excellence and Building the Advisory Firm of the Future
Few in the financial services industry have the experience and name recognition of Bob Veres—and even less are as outspoken. In this episode, Bob – one of wealth management’s most award-winning journalists, keynote speakers and conference leaders – candidly shares his thoughts on growth, client service and technology, shifts in client demographics, the changing role of financial advisors and the advisory firm of the future—plus much more. There are critical – and completely unfiltered – takeaways for employee advisors and independent business owners alike. Listen…
Ask the Breakaways: 3 Advisors Answer Your Questions About Making the Leap
After more than 130 episodes of the show, one of the most common responses we’ve received from listeners is that they want to learn more—particularly when it comes to interviews with breakaways. That is, more about specific aspects of the advisor’s journey, as well as what they gained or lost on the independent side. In this episode, a panel of three brilliant advisors answer your questions and dig into the details of their journeys: UBS breakaway Lori Siegel, founding partner of Centrix Wealth Partners; Merrill breakaway Michael Henley, founder and CEO of Brandywine Oak Private Wealth; and UBS breakaway Terry Cook, CEO of Parcion Private Wealth. Listen…
In the News
Trendspotter: Wirehouse Rep Decline Shows No Signs of Stopping
September 24, 2021 Louis Diamond Quoted By Jeff Berman The number of brokers and advisors at the four wirehouses —…
Read MoreTransition Announcement: $850mm UBS Advisor Breaks Away For Independence
Top Advisor Barry Mitchell launches RIA Next Level Private “As an independent RIA and fiduciary, we are free from previous…
Read MoreMerrill Lynch Loses $1 Billion Team To RBC
September 17, 2021 By Sabrina Escobar An eight-person advisor team managing $1 billion in client assets became the latest to…
Read MoreTeam of Merrill Lifers with Billion-Dollar Book Jumps to RBC in Oregon
September 17, 2021 By AdvisorHub Staff Four career Merrill Lynch brokers who had spent a total of 73 years at…
Read MoreRayJay FA Comp Plan Unchanged for Fourth Straight Year
September 16, 2021 Louis Diamond Quoted By Andrew Kessel Raymond James executives have informed managers that the compensation plans for the…
Read MoreThe One Thing Advisors Need to Know Before Going Indie
September 9, 2021 Louis Diamond Quoted By Andrew Welsch For more than a decade, a steady stream of advisors have…
Read MoreFirm Breaks Away From UBS to Start $850M Indie RIA
September 8, 2021 By Jeff Berman An eight-person, Harrison, New York-based advisory firm with $850 million in assets under management…
Read MoreFormer UBS Advisor Launches N.Y. Independent RIA With $850M AUM
September 8, 2021 By Joyce Blay Financial advisor Barry Mitchell has launched Next Level Private, an independent registered investment advisor…
Read MoreThe ultimate question for advisors: ‘Should I stay or should I go?’
September 8, 2021 Wendy Leung Quoted By Katie Kuehner-Hebert The COVID-19 pandemic has spurred a wave of financial advisors calling…
Read MoreWirehouse Exit: $850 Million Team Quits UBS to Launch RIA
September 7, 2021 By Andrew Welsch A top-ranked UBS financial advisor and his team, which oversaw $850 million in client…
Read MoreTo Score Eye-Popping Offers, Brokers Need the Right Business Mix and a Little Chutzpah, Recruiters Say
September 1, 2021 Louis Diamond Quoted By Miriam Rozen As the recruiting wars intensify, seasoned advisors have opportunities to entertain…
Read MoreRBC Recruits Father-Son Team From Merrill Lynch With $500M In Assets
August 26, 2021 By Jacqueline Sergeant A longtime Merrill Lynch father-son team with $500 million in assets has left to…
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