What Dolly Parton’s Life Can Teach Financial Advisors About Standing Out
I was driving with my tween daughter the other night, talking about Dolly Parton, when she said, “Isn’t it amazing that no one hated her?” What a mature (and accurate) observation. Of course, no one reaches Dolly’s level of fame without attracting critics. What my daughter recognized was that Dolly had become almost universally loved […]
The Anatomy of a Broker-Dealer Transition Offer
Summer’s winding down, and we’re knocking on the doorstep of fall. For many advisors, that means a shift towards end-of-year client meetings, helping clients plan for what’s next. It’s also worth turning that same lens on your own practice. What’s working. What isn’t. Whether the platform, the payout, and the support you have today are […]
Keep Your Head on a Swivel: What NFL Quarterbacks Can Teach Financial Advisors About Navigating Transitions
Prefer to listen to this article as a podcast? Click here. With football season kicking off next week, I couldn’t help but think of one of my favorite phrases: “keep your head on a swivel.” While this advice is crucial for NFL quarterbacks like Patrick Mahomes or Josh Allen, it’s just as relevant for financial […]
With B. Riley Hitting Bumps, What Should Advisors Do?
Prefer to listen to this article as a podcast? Click here. For financial advisors, the choice of broker-dealer (BD) is a cornerstone of their practice. It’s not just about the products or services offered; it’s about the reputation and stability of the BD that underpins the trust you’ve built with your clients. But what happens […]
Like Hitting Every Green Light On The Way Home
Prefer to listen to this article as a podcast? Click here. For many financial advisors, transitioning to a new broker-dealer is the capstone of their career’s first chapter. It’s the moment when all the hard work, dedication, and strategic growth culminate in an opportunity for a significant financial windfall. Like hitting every green light on […]
Repapering’s Bark Worse Than Its Bite
Prefer to listen to this article as a podcast? Click here. Financial advisors who have been hesitant to leave their existing firms to pursue better opportunities elsewhere often site one reason: repapering. The paperwork required to move clients from the old broker-dealer to a new one has long been perceived as a significant hurdle. Advisors […]
Why You Should Think About Quitting Your New BD Before You Even Join
Prefer to listen to this article as a podcast? Click here. They say the secret to a successful life is to picture your funeral and work backward. The idea is that you’ll have the lessons of a full lifetime and the chance to make changes if things don’t look or feel right. The same principle […]
“Am I A Bad Person?” For Switching Broker Dealers?
Prefer to listen to this article as a podcast? Click here. Did you see Nike’s big ad for the 2024 Summer Olympics? It was titled “Am I A Bad Person?” and it used that question to tap into the winner’s mentality in a unique and ultimately inspiring way. Actually, inspiring might not go far enough. […]
How to Evaluate the Best Broker-Dealer for Your Practice
Choosing the right broker-dealer is a critical decision for financial advisors looking to transition their practice. Here are the key criteria to consider: Reputation and Stability – Research the Broker-Dealer’s History: Look for a firm with a solid reputation and financial stability. Check their track record, client reviews, and industry standing. – Regulatory History: Investigate […]