As we close the books on 2013, most firms have long since set their recruiting goals for 2014. In the process, many have asked where our team saw transitioning advisers moving in 2014.
When asked by financial advisers if it's too expensive to go out on their own, set up shops and create unique brands, I tell them they will definitely incur costs but they aren't necessarily prohibitive — especially for those with an entrepreneurial mindset.
Advisers often ask recruiters to explain the difference between gross production and net pay.
Transition packages are a long-standing industry standard offered to financial advisers changing firms and affiliations.
When an advisor is considering a transition and comparing offers from multiple firms “technology” is often cited as a deciding factor and for good reason. A technology migration can often be one of the most time consuming portions of a move. Technology hiccups can also be unsettling if clients get wind of it.
Whether you are thinking of going independent, changing broker-dealers or just want to confirm your current business platform is right for you, there are four critical areas to analyze.
If the full-service corporate RIA model is the mainland and the independent RIA-only model is an island, the open architecture of the RIA hybrid could be considered the bridge between the two.
At one point or another most advisers wonder if the grass is greener—or the gross is greater—at other firms.
