Transitions for Financial Advisors
The financial landscape is complex, now is the time to conquer it
RIA
An RIA advisor offers investment advice for a fee and is not paid on the sale or purchase of securities.
Regional
Regional firms are similar to wirehouses except that they are generally only located in certain areas of the country. They're much smaller as far as headcount.
Boutique
This is for the more well-heeled client. Boutique firms offer more white-glove service for their clients. They're located in large wealth centers and only cater to clients with $2M+ in investable assets.
IBD
Independent broker dealers (IBD's) are similar to full-service broker dealers except that their advisors are not employees. Instead, they are independent contractors.
Wirehouse
These are full-service brokerages or firms that provide a large variety of services that include research and advise, retirement planning, tax advice, and much more. Clients can choose to be charged on a fee basis or a transactional basis.
We can make the selection process easier for you by understanding your goals and presenting you with opportunities that best meet your needs. Then, we’ll compare your options so you can make a final selection that you're happy with.
We're here for you, every step of the way
1
Understanding your current business
2
Showing you the economics of each
model and firm
3
Coaching and consulting
you for best fit
4
Negotiating
deals
5
Streamlining the portability of your clients and business
6
Navigating the legal and protocol
process
Initial questions we may ask you
Why are you thinking about making a transition?
What's most important to your clients?
What other firms have you talked to during the recruiting process?
In a perfect world, what would your new firm look like?
What do you like about your current firm?
What do you dislike about your current firm?
How portable and mobile is your current book of business?
Do you currently offer private equity, real estate, credit, or other unique offerings to your clients?
What is your investment philosophy and how do you manage client portfolios?
Do your clients use you today for banking, lending, and/or mortgages?
Do you have a burning desire to run your own business?
How important is up-front compensation vs long-term equity?
Items taken into consideration
Office Space
Platform
Support staff
Culture
Brand
Industry designations
Legal Counsel
Client technology, experience
Research, ideas, platform
Brand, reputation, management team
Access to senior management
Risk environment
How they treat employees
Easy to do business
Office environment
Mobility
Platform, SMA managers, PE, RE
Unique offerings
High net worth services
10 year compensation plan
Contract review
Life/Health coverage
Compensation plan
Retirement transition plan
Expense policy
Transition team
Coaching programs
Council trips
Titles for team
Local competition