[Updated 3/31: LPL Acquires Commonwealth] Why Advisors Should Think Twice Before Going Along for the Ride
Update: The deal is done. LPL Financial has officially announced its acquisition of Commonwealth Financial Network, confirming the speculation that’s been swirling throughout the industry over the past week. With this move, LPL adds over 2,300 advisors and $344 billion in client assets to its already massive platform—and shakes up the independent broker-dealer space in […]
Follow the Money: 5 Recent Moves and the Lessons Behind Them
Over the past month, more than $3.7 billion in client assets and millions in annual revenue have moved between firms. From Alaska to California, and from traditional wirehouses to independent models, the pace and scale of these transitions reveal where the industry is heading—and what matters most to advisors right now. Let’s break down five […]
What Financial Advisors Can Learn from Earl Weaver
Baseball season is back next week, and with it comes the kind of spring optimism that pairs nicely with a good strategy—and a good story. Enter Earl Weaver: Baseball’s Relentless Genius by John W. Miller, a new biography that just cracked the New York Times Best Sellers list. Weaver, the fiery Hall of Fame manager […]
5 Essential Strategies to Cultivate a Coveted Book of Business
In the competitive world of financial advising, the value of your book of business can make or break your career. A robust and sought-after book of business doesn’t just happen overnight; it’s the result of strategic planning, relentless dedication, and a commitment to excellence. Here are five indispensable strategies to develop a book of business […]
On The Virtues Of Not Settling
Embracing Change Achieving Long-Term Growth and Goals Not Letting the Other Shoe Drop Resistance to change is more or less a natural part of life. Change can be a scary thing that people go out of their way to avoid when possible and the fear of the unknown is enough to make people settle for […]
Staying Compliant With Russian Sanctions
Current Sanctions on Russia Keys to Staying Compliant Keeping an Eye on the OFAC Barred List The past few weeks have been riddled with constant updates coming from Ukraine after the Russian invasion began on February 24th. In response to the attacks against Ukraine, the United States has put out new sanctions that target Russian […]
Should I Stay Or Should I Go?
Weighing All Your Options Evaluating Your Current Situation Preparing for a Better Future There comes a time in all advisors’ careers when they question where they are and start thinking about what life might be like if they were to transition to a different firm — and for some advisors, this question may come up […]
It’s Time To Reconsider Forgivable Loans
An Inside Look at Recruitment Incentives The Ever Watchful Eye of Regulators Creating Strong and Lasting Relationship Big incentives is the name of the recruiting game these days. Financial advisors have come to expect big deals and enticing offers from the firms looking to recruit them — and their expectations are being fulfilled. These deals […]
A New Shift In Recruiting Deals
The Rise of Fee-based Business A Closer Look at Advisory Assets The Importance of AUM We’ve seen a shift happening recently in broker-dealer recruitment deals. It started with LPL Financial and now Commonwealth Financial Network is following suit and changing from production rates to asset levels when calculating transition assistance for recruited advisors. This shift […]