A new challenger has entered the RIA space, and it’s focusing its efforts on the unique needs of advisors looking to break away from captive broker-dealers.
Uptick Partners, branding itself as the "Bridge Builder to Independence," has officially launched its RIA platform aimed at advisors seeking independence from captive broker-dealers.
Founded by industry veterans Steve Barber, Jason Barber, and Taylor Pankratz, formerly of Edward Jones, Uptick Partners has spent the past year developing its platform to better serve advisors. The firm emphasizes a comprehensive support system to address the challenges and nuances faced by advisors transitioning to an RIA model.
The concept for Uptick Partners emerged from the founders' own experiences transitioning from Edward Jones. Having gained an appreciation of the complexities of the RIA transition, the founders recognized the need for a support platform tailored to these specific challenges.
“We experienced firsthand the transformative impact of transitioning to independence,” Taylor Pankratz, co-founder said in a statement, calling the launch of Uptick “a natural progression.”
The firm is taking its first official step as a platform for breakaways by welcoming Jonathan Dvorak, who previously managed $275 million in client assets during his 14-year tenure at Edward Jones. With his decision to join Uptick, he’s launching his own eponymous independent practice, Dvorak Financial Planning, in Cullman, Alabama.
“We are excited to welcome Jonathan Dvorak to Uptick Partners,” Jason Barber, Uptick co-founder said in a statement.
“Jonathan's expertise and dedication to his clients align perfectly with our mission of enabling advisors to deliver the highest standard of personalized financial planning and investment management,” Barber said.
It’s still early days, but Uptick Partners’ record in helping advisors transition has been impressive so far with an average of 90 percent of assets moved in the first year. The firm also offers a 95 percent gross payout, a modern technology platform, and a growth-oriented culture.
Beyond being professionally risky, the leap to independence has proven costly for many advisors, who are giving up lucrative recruitment bonuses from competing firms and taking on more heavy lifting as they hang up their own shingles independently.
“Now, we’re eager to help others [adopt our framework] and create better outcomes for their clients, too,” Pankatz said.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
