3 BENEFITS OF SWITCHING BROKER-DEALERS RIGHT NOW

2020 was a rollercoaster ride of a year. In all aspects of life, there were incredible highs and extreme lows.

After coming off a record breaking 2019, the year started strong before hitting a major slowdown when the coronavirus hit. According to a recent report from Fidelity, year-to-date, there have been 96 RIA transactions, comprising $122.9B in AUM. Despite the slowdown in March, April, and May, the current activity level is on par with the levels from a year ago. 

With everything going on, you may be asking yourself is now really the time to make a change? Why should I consider switching B/Ds? While there are many reasons you could use to talk yourself out of it, we’ve put together a list of three major reasons why you should consider making a switch. 

SUPERIOR SERVICES: Services such as practice management consulting and marketing on social media can help bring big improvements in advisors’ office operation and outreach efforts. Now more than ever, you want a B/D that is going to help with hiring, technology, marketing, staff training, and business planning, so you get the opportunity to spend more time focusing on your clients. 

SUCCESSION ASSISTANCE: COVID-19 has made us all consider the future, and for some, that might include starting to consider retirement. Finding a B/D that helps with succession planning could be the best solution for you, and making the switch could lead to significant financial benefits.

OPPORTUNITIES FOR GROWTH: Switching B/Ds can be an exciting opportunity for someone looking to grow their business. Finding a B/D with good practice management support can play a key role in helping you grow your practice. How? A significant part of growing your business is staying competitive with new products, technology, and innovative marketing. A good B/D will help you stay ahead of the curve on these fronts, as well as help you find new opportunities to grow your business.

If you are curious about changing broker-dealers, you can secure multiple offers all while remaining 100% anonymous by clicking here.

 




 

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It’s one of the most important—and personal—questions a financial advisor can ask. Whether it’s frustrations with admin fees, limited platform flexibility, or just a gut feeling that you’ve outgrown your current firm, the decision to move shouldn’t be rushed. The right time to leave isn’t just about market timing—it’s about life timing.

If you’re weighing your options, we recommend this quick read: The Best Time for a Move—a blog and podcast episode that walks through key signals it may be time to explore a transition.

There’s no one-size-fits-all answer. Going independent offers more control, higher payouts, and brand autonomy—but with added responsibilities. Wirehouses provide built-in infrastructure, brand recognition, and turnkey support—but often come with more restrictions and fees.

The real question is: Which model makes the most sense for your business goals and lifestyle?

To make a confident decision, you need to understand the economics behind both paths. Start by securing transition offers from top firms—independent and wirehouse—so you can compare side-by-side.

Get Your Offers in Hand

Our services are 100% free to financial advisors. We don’t charge you a dime. If you decide to make a move, the new firm pays us a finder’s fee—similar to a recruiter. But unlike recruiters, we’re not tied to any one firm, so we work to find your best fit, not theirs.

Want the full breakdown? Check out our blog post: How We Get Paid

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Transition packages from top regional and national broker-dealers like LPL, Ameriprise, Wells Fargo, RBC, Cetera, Dynasty, UBS, and more.