OSJs That Aren’t Hybrid May See Growth Decline

2020-08-03T14:31:22-04:00

The flexibility custodians provide advisors are forcing OSJs to explore starting their own RIA to remain competitive.  As OSJs look to add advisors, they need to provide more resources and flexibility to attract advisors and differentiate themselves.  Being a hybrid firm with their own RIA is becoming one of those differentiators for firms.   Read More

OSJs That Aren’t Hybrid May See Growth Decline2020-08-03T14:31:22-04:00

Private Equity Will Fuel Recruiting Growth for Rest of 2020

2020-08-03T14:22:40-04:00

The need to recruit new advisors,  fueled by the insatiable appetites for growth of private equity firms who own BDs and RIAs as well as the short term focus of publicly traded companies is going to heat up the recruiting wars and money available for the rest of the year.   Read More

Private Equity Will Fuel Recruiting Growth for Rest of 20202020-08-03T14:22:40-04:00

During Coronavirus, Advisors Must Focus On Their Business Too.

2020-08-03T12:38:03-04:00

There is an expression we all know, "the cobblers kids have no shoes".   The metaphor implies cobblers are too busy helping their clients instead of themselves.  This can often be true of advisors as we see statistics in the industry supporting that theory, such as majority of advisors that don't have a succession plan or are too busy to focus on their own business. This article highlights many of the things advisors should focus on and should use this time where they are home to do so. Read More

During Coronavirus, Advisors Must Focus On Their Business Too.2020-08-03T12:38:03-04:00

IBDs Are Using Super-OSJs to Infiltrate The RIA Space

2019-05-01T10:11:24-04:00

Increasingly advisors are evaluating becoming their own RIA and the risks and rewards of doing so.  This trend has created a new segment of firms for advisors to evaluate.  Hybrid-Super-OSjs, these firms can provide the scale that includes more affordable compliance and technology as well as a multi-custodial platform which advisors are seeking.  Some of these solutions are even owned by the IBD where others just look to partner with IBDs.  Anyone evaluating their own RIA should also consider this group as they are rapidly gathering assets and scale. Read More

IBDs Are Using Super-OSJs to Infiltrate The RIA Space2019-05-01T10:11:24-04:00

Surging Up Front Recruiting Checks Carry Significant Risks For Advisors

2019-05-01T10:00:13-04:00

The recruiting wars are here.  It was just a matter of time before it happened to the Independent BD and RIA space.  With so much money being invested by private equity firms into IBDs and RIAs, we were going to inevitably have recruiting wars that was going to drive up deal prices.  The one thing all of these institutional investors have in common is an insatiable thirst for growth.  Be careful not to get caught up in "the deal" and do your due diligence for the right fit. Read More

Surging Up Front Recruiting Checks Carry Significant Risks For Advisors2019-05-01T10:00:13-04:00

Why The Super-OSJ Model Is Far From Doomed – Financial Advisor Magazine

2018-10-12T09:42:57-04:00

Super-OSJs are not only here to stay for the long term, but some of them may outlast the Broker-Dealers.  There is no arguing that these firms are also competing and some are struggling in a margin compressing environment, but like so many other industries, the strongest won't just survive, they will thrive. Read More

Why The Super-OSJ Model Is Far From Doomed – Financial Advisor Magazine2018-10-12T09:42:57-04:00

Ex-LPL recruiters start new firm with an eye toward their old one – Financial-Planning.com

2017-12-19T16:57:23-05:00

"Three former LPL Financial recruiting executives have launched their own firm, aiming to tap their many contacts while helping financial advisors address important questions often overlooked during outreach by prospective employers." Read More

Ex-LPL recruiters start new firm with an eye toward their old one – Financial-Planning.com2017-12-19T16:57:23-05:00

Is Finra Outdated?

2017-12-13T17:18:08-05:00

This article from Think Advisor highlights the shrinking of Broker/Dealers and the expansion of RIAs.  The entire industry is doing more fee based advisory business, which is being driven by the DOL.  The real question that should be asked isn't is Finra outdated, it is when will Finra start overseeing RIAs? While there are plenty of people who hope that never happens, it is just a matter of time before we start to see and hear Finra and the SEC begin discussing an SRO for RIAs. As a result of the DOL's fiduciary rule for IRAs, the SEC has re-energized their evaluation to create a single fiduciary standard for everyone, brokers and advisors and IRA and non-IRA accounts.  Once that happens, we will have the same standards for everyone.  Therefore, if we have one standard, doesn't it seems logical that Finra will be the SRO to oversee everything. If that happens, how [...]

Is Finra Outdated?2017-12-13T17:18:08-05:00

Independent Advisor’s Succession Partner is a Bank

2017-12-13T17:18:08-05:00

Under the right circumstances, Banks can be a great partner or succession plan for an independent advisor or RIA.  Unfortunately, not all banks are the same, but those that are progressive in their thinking can be a great partner or succession plan for an independent advisor.  Banks have money to spend and are continuously looking for ways to increase and diversify their revenue.  This isn't the first acquisition we have seen by a bank, and if the banks are smart, we may see many more. With my help, Hans and Salem Five recognized the synergies between the two firms which is what made this a great deal for both.  For me, it was a great opportunity to consult on this, to help it come together and get it done.   Reposted from INVESTMENT NEWS   READ THE ENTIRE ARTICLE HERE

Independent Advisor’s Succession Partner is a Bank2017-12-13T17:18:08-05:00

The SEC Is Discussing A Single Fiduciary Standard, Again!

2021-10-26T08:42:50-04:00

Both RIAs and Broker/Dealers will have the same fiduciary standard when selling investments or making recommendations to clients.  This issue dates back to 2010 when Dodd/Frank officially became a law.  For those of you who aren't tracking the status of Dodd/Frank, within Dodd/Frank there is a provision for the SEC to develop a single fiduciary standard for Broker/Dealers and RIAs.  The SEC was supposed to report to Congress back in 2011 if a single fiduciary standard should be required, the SEC determined that it was needed.  Congress then empowered the SEC to determine the cost and best way to implement a single standard, which is where it is stuck today. The DOL has accomplished in about a year what has taken the SEC over five years and counting to work on.  However, now that the DOL has done much of the heavy lifting for the SEC, expect to hear more from the SEC about a [...]

The SEC Is Discussing A Single Fiduciary Standard, Again!2021-10-26T08:42:50-04:00
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