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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
Motivated by the Long Game: Why a UBS Breakaway Left a Deal Behind for Independence with Summit Financial
Monish Verma grew his business to $350mm in AUM when he decided there was one thing missing from UBS: Greater agency in how he served clients, grew the business and hired team members. So he explored options in the landscape, coming close to choosing a transition deal with an outsized check. Instead, Monish landed on a supported independence option from Summit Financial and in May of 2021, he launched Vardhan Wealth Management. He shares his journey, why he chose independence instead of the upfront check from a recruiting deal, the decision to sell equity and much more. 
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
‘Crawl before you run’ and ‘wear all the hats’: Uncensored tips for going independent
October 12, 2021 Louis Diamond Quoted By Lynnley Browning Financial advisors increasingly want to work for themselves. Over 2015-2020, according to…
Read MoreTransition Announcement: $1B Merrill Team Leaves for Regional Firm
RBC Welcomes Multi-Generational Team The Inter Alia Group in Portland, OR “RBC Wealth Management offered our clients the scale, capabilities,…
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 MoreAnother Team with a $600-Mln-Plus Book Leaves Merrill in Greenville, SC
October 5, 2021 Louis Diamond Quoted By Miriam Rozen A five-person Greenville, South Carolina team, led by two Merrill Lynch…
Read More$3.1-Mln Merrill Team Shifts to Steward in Wisconsin
September 29, 2021 By Mason Braswell A three-broker Merrill Lynch team that had generated around $3.1 million in trailing-12 month…
Read MoreTrendspotter: 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 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…
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