One of the proven ways to increase revenue and scale your existing advisory practice is to acquire or merge with another firm. Mergers are also a solution to gain instant scale by aligning with a larger firm. Whatever your reasons, there is a process to buying an RIA. It’s not something that you should venture [...]
Conservative estimates predict that over fifty percent of active financial advisors will retire in the next ten years. Meanwhile, less than five percent of advisors are under thirty years old, with fewer and fewer young people entering the field every year. What does all of that mean for recruiting? It’s a seller’s market for experienced [...]
January is one of the busier recruiting months of the year, so December is a good time to evaluate your next move. Is the allure of independence drawing you toward the RIA path or are you looking at Broker/Dealer compensation packages? In either case, negotiating financial advisor packages and bonuses is crucial. Here’s what you [...]
RIAs are free to charge their own fees and manage money as they see fit. Broker/Dealer representatives are bound by the rules of their employer or Broker/Dealer, but they have a wider variety of financial products to offer to their clients. Which of these is the right choice for you? In this article, we’ve outlined [...]
For the last several years we have repeatedly heard about successful advisors leaving their Broker/Dealer and "breaking away" to become an RIA. There are many different and personal reasons advisors choose to break away. However, there are two benefits that have been applicable to just about everyone. The first has been a higher payout than working [...]
