By Barbara Herman – Roger has been a financial advisor for more than 20 years, the past 12 of which he has spent as an independent business owner with a broker dealer. In that time, he has built a thriving business as a sole practitioner with over $180mm in AUM. “I love what I do, my clients are happy, and I’m adding assets at a healthy rate of 25% per year,” Roger shared. When he attended his BD’s most recent national conference, he was reminded how much he likes and respects the leadership team and how good it feels to be one of the top advisors under their umbrella.
Our weekly insights for advisors: Articles authored by our team designed to broaden your perspective and arm you with knowledge—because knowledge is power.
By Mindy Diamond – With 2014 almost in the bag – and 2015 only days away – it’s that time again to reflect on what’s behind us and project about the year that lies ahead. 2014 was a good year in a lot of ways. The markets cooperated and are up just over 7% as of this writing. The price of oil dropped significantly, and retail and housing sales are up. And, while there weren’t a great number of financial advisors that changed jerseys this year, the ones who did were paid huge premiums to do so, signaling the beginning of a real “seller’s market.”
By Mindy Diamond – Last week’s MSUM14 brought together some of the biggest names and brightest minds in the independent financial advisor world – and many that you will recognize from outside of our space – to share knowledge and insights on the future. The energy was greater than I have ever seen, and – unfortunately – an energy that is rarely experienced in the broker dealer world.
By Mindy Diamond – The day began with the battle between custodians as Dynasty Financial Partners CEO, Shirl Penney, engaged Fidelity’s Mike Durbin, Pershing’s Mark Tibergien, and Schwab’s Bernie Clark.
By Mindy Diamond – One very important point I want to convey – especially to the wirehouse audience – is that the vibe, energy and caliber of attendee that exists at a conference like MarketCounsel Summit (MSUM) also exists at custodian conferences like Schwab IMPACT, Pershing INSITE, Fidelity’s Executive Forum…or any of the others.
By Mindy Diamond – Day 2 at MSUM14 proved that the momentum we are sensing around independence for financial advisors is real, sustainable and will likely accelerate based on a burgeoning number of options available and a new breed of young investors ready to fuel them.
By Mindy Diamond – The MarketCounsel Summit kicked off with the shot heard ‘round the financial advisor world. Rarely do you find such a fortune of financial wisdom gathered together in one place.
By Deborah Aronson – You’re a successful advisor working hard to grow your business and your clients appreciate the high level of service you provide. You’re earning a good living and the firm you work for is also reaping the rewards of your hard work. While there are challenges, you may chalk it up to the price of doing business in an industry that has changed dramatically. But, are you happy and do you feel valued by your firm?
By Mindy Diamond – As we wrapped up at the Raymond James Recruiting Partners Forum held at their corporate headquarters in St. Petersburg, FL on November 22, I found myself considering what accounts for the firm’s extraordinary success in recruiting. RayJay reports that 2014 has been the second best recruiting year in its history (second only to the outlier year of 2008-2009 when all firms saw huge increases in their recruiting numbers).
By Mindy Diamond – With 5-7 years left to work, lots of money in the bank, and a very solid client base that you have spent a career building, you have the high class problem of deciding how you want to live your business life for the rest of your career. Is your current firm the right place to leave your business for the next generation to manage? Is it the legacy you envisioned?
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