Filling Out Your Broker Report Card

We’ve hit the end of summer, which means it’s back to school time as we head into the Fall. Kids are grabbing their supplies and lunches, catching buses, and hitting the campus quad. A new school year means a new curriculum and new opportunities for growth. As students set their sights on new pursuits, it’s a great time for advisors of all sizes to select their new course and set new goals for the end of the year and into 2023.

If making a move is on your mind, it’s time to move to the head of the class and start putting together your plans to switch broker-dealers. Every advisor has their own reasons for moving and, depending on their size and unique circumstances, also has unique needs from the new broker-dealer they’re hoping to find and call home. 3xEquity is an industry-leading Transition Specialist that can help guide you through the process and make sure you’re getting everything you need from a potential broker-dealer. Think of us as your transition tutor. We’ll help walk you through every step of a transition, ensuring you understand the terms of the offers and helping make sure you don’t leave any money on the table. 

Last year’s IBD Report Card gave us some tremendous insights into what’s driving advisors to make a move. The majority of the data suggests that advisors’ businesses are changing, and their broker-dealers are having a hard time keeping up and evolving to meet their advisor’s needs. 

Just in the last few weeks, as summer is coming to an end and the new school year is getting underway, we saw three instances of multi-million+ AUM advisors and one billion+ AUM advisors making moves to new broker-dealers. Two former TIAA financial advisors, who previously managed $1.5 billion in client assets, joined Raymond James and three advisory practices managing $560 million in client assets have joined El Segundo, the California-based Cetera Advisor Networks. 

And what are the common denominators in their decisions? The need for a firm where their clients come first, where robust technology enhances the client experience, and where the culture meshes with their vision and values. If these qualities echo some of the concerns you have identified on your own broker-dealer report card, it’s time to let 3xEquity help you make your move to a new home that will help you fulfill your full potential. 

These recent big moves go to show that even high-producing advisors aren’t immune to the pain points that may occur in a broker-dealer-advisor relationship. So as the school year starts, now’s the time to examine your own report card and see how your current broker-dealer is holding up. If they are not getting the grades you need to accomplish your goals, let 3xEquity help you find a firm that will score straight As.


In just a few days, we will secure you multiple offers from leading national, regional, and local broker-dealers — all while you stay 100% anonymous. Best of all, our services come at no cost to you. A brighter future awaits, just fill out the form below to get started. 

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