Why Using A Transition Consultant Makes Sense: Busting The “Free Advice Is Worth Just That” Myth
Every year, thousands of financial advisors consider switching broker-dealers. Whether transitioning from one company to another or even exploring new channels, it’s a major decision with significant upsides (as well as some potential hassles). That’s where a Transition Consultant becomes a valuable ally – without any cost to you. Unlocking Opportunities with 3xEquity Have you […]
BlackRock And Bitcoin – Larry Fink Continues Crypto Roadshow Post Bitcoin ETF Launch
In a groundbreaking move that signals a significant shift in the financial landscape, BlackRock, the world’s largest asset manager, has embraced the world of cryptocurrencies by venturing into the Exchange-Traded Fund (ETF) space for both Bitcoin and Ethereum. (**the Ethereum ETF is still in the review process, but notably, BlackRock is 576-1 when it comes […]
Former First Republic Advisors Continue To Look For Greener Pastures (than JPM)
In a dynamic series of transitions within the California wealthmanagement landscape, Morgan Stanley experienced both gains and losses involving former First Republic advisors. Gregory G. Zappas, a seasoned broker who had produced $2 million in annual revenue from $500 million in client assets, recently joined Morgan Stanley from JPMorgan Chase & Co.’s brokerage unit in […]
What if I get hit by a bus?
Over the years, we’ve assisted hundreds of advisors in navigating the intricate process of transitioning to new broker-dealers. Recently, a pretty unique question came up in a conversation with an advisor discussing a promissory note: “What happens if I get hit by a bus?” (Curious fact: government statistics report 183 bus-related accidents daily, emphasizing the […]
Bitcoin ETF Approvals Force Advisors To Have Asset Allocation Conversations Based On Bitcoin Performance
In 2022, the RIA and BD industry experienced growth of 2.1%, boasting +450,000 investment advisors managing an impressive $514.1 trillion in assets for approximately 91.9 million clients. The industry’s expansion indicates the increasing reliance on investment advisors for managing diverse portfolios and navigating the intricate world of financial markets. Now, envision a scenario where even […]
About Face, Cresset Bolts Broker Protocol (after rejoining it months ago)
In a surprising move, Cresset has filed to withdraw from the Protocol for Broker Recruiting, marking its departure on the first day of 2024. This development comes merely eight months after Cresset rejoined the protocol and almost four years since the firm initially withdrew in February 2020. The Protocol for Broker Recruiting, established in 2004, […]
Ted Lasso, BDs, and BBQ Sauce
Millions of people have watched the powerful scene from the TV show Ted Lasso where Ted humiliates his arch nemesis Rupert in a game of darts (Go ahead and watch it now). At the risk of spoiling the scene, Ted delivers a powerful message via a quote misattributed to Walt Whitman, challenging his rival to, […]
Time Management Tips For Financial Advisors
As a financial advisor, effective time management is essential for maximizing productivity and achieving your business goals. Here are some time management strategies that can help you be more productive and efficient: Prioritize tasks: Identify the most important tasks you need to accomplish each day and prioritize them based on their level of importance and […]
UBS Telegraphs Recruiting Deal Adjustments
Too busy to read? Listen to this article as a podcast now UBS is set to overhaul a key aspect of its recruiting deals in the coming year, signaling a shift away from a feature that guaranteed experienced brokers deferred bonuses, irrespective of their revenue growth. According to insights from industry headhunters, UBS managers have communicated that […]