Separating Myth From Reality When Joining an OSJ

Separating Myth From Reality When Joining an OSJ

by Jeff Nash, Founder & CEO, BridgeMark Strategies

Published May 7 on AdvisorHub

The Office of Supervisory Jurisdiction, or OSJ, has been a staple of the broker-dealer community for decades. In an industry where advisors constantly weigh the responsibilities and freedoms accompanying independence, the OSJ model strikes a Goldilocks-like balance between the two that many advisors consider “just right.” However, like an extra layer of clothing in winter, it can both protect and constrain advisors who have chosen to operate within the model.

Originally established to fulfill a supervisory function, OSJs – like the wealth management space itself – have evolved over time and now can provide a wide array of support to advisors (above and beyond what’s offered by the broker-dealer), starting with a sense of community and including technology, marketing, education, practice management and more. For advisors looking to alleviate some of the responsibilities associated with establishing their own RIA, aligning with an OSJ/RIA can prove worthwhile........Read More