These days, advisors have more choices than ever when it comes to business models, making the decision that much more difficult. Which one best suits you?
Today’s financial advisors are in the driver’s seat in many ways. Not only are the transition deals to move among wirehouses at a high water mark, but regional firms have significantly enhanced their value propositions. The independent space has expanded exponentially to include new models and ways to affiliate and even monetize one’s business.
Where does an advisor have the best chance for professional satisfaction? It depends.
Here are the most common traits of advisors who are best suited for each model: