By Wendy Leung - The economics of financial advisor independence have changed. Explore transition capital, profitability, enterprise valuations, and the...
READInsights on evaluating career options, conducting due diligence, and navigating the advisor transition process. Explore the strategic, financial, and practical considerations that inform a successful move.
By Wendy Leung - The economics of financial advisor independence have changed. Explore transition capital, profitability, enterprise valuations, and the...
READBy Mindy Diamond, Forbes.com – The due diligence process is intentionally done “under the radar” to ensure that advisors remain in compliance and in no way expose the fact that they’re exploring. But eventually the team needs to know—some sooner than others.
By Deborah Aronson – Advisors choose to move from one wirehouse to another for a number of reasons, not the least of which is their turnkey nature and brand cachet. In the last few years, though, a new motivator has emerged: the desire to make an interim move before making the leap to independence.
By Mindy Diamond, Forbes.com – While many advisors are drawn to the freedom and control that independence offers, there are those for whom it may not be the “right” path.
By Joshua Tomolak – In a world that seems to focus on billion-dollar firms making the leap to independence, advisors at a lower asset threshold are wondering how they too can gain greater freedom and control. Here are 4 solid options.
By Barbara Herman, WealthManagement.com – In this industry, due diligence is customarily thought of as exploration in search of a destination. But what if exploration had value in its own right—separate from finding a new home and irrespective of the outcome? What if exploration was also a “thought process”—an opportunity to revisit goals and priorities, to reassess important aspects of the business and test assumptions?
By Mindy Diamond, WealthManagement.com – In a world where bigger is considered better, many of Wall Street’s most talented and productive advisors are opting to go against the grain and leave chips on the table.
By Wendy Leung, ThinkAdvisor – As the interest in attaining freedom, flexibility and control continues to surge among advisors, new independent models are being born at a rapid pace to accommodate them, providing more choice than ever before.
By Mindy Diamond – There’s a great degree of discomfort, and even fear, attached to the unknown. That’s why so many choose to hang on to the status quo, because there is a familiarity and comfort there—despite the likelihood that greater potential may await elsewhere.
By Allison Brunwasser – The idea of joining a firm and being able to choose how you affiliate with them at each phase of your career is gaining popularity. With one firm and one platform, advisors can transfer from an employee model to an independent model all under the same roof—with little disruption to their clients and their team.
By Wendy Leung – When considering a move, it’s natural for advisors to wonder whether clients will follow them to the new firm. Yet the desire to share the news can completely derail a transition to another firm. Here’s what top attorneys recommend when it comes to communicating with clients before, during and after a move.