Transitions Aren’t What They Used To Be…They’re Better!
We’ve all heard of the headaches that are often associated with transitioning to a new broker- dealer — the pains of repapering, the long transition time commitment, the risk of compliance issues rising and the worst, client attrition. It’s enough to keep you from making the move you’ve always dreamed of or make you seriously […]
AVOIDING A TRO TKO
The past few years have brought a mass exodus of firms leaving the Broker Protocol. With big names like Morgan Stanley and UBS dropping out of the agreement, many have followed suit, upending the financial industry and impacting advisors just like you! Firms initially joined the Broker Protocol to minimize the litigation that was occurring […]
Why Having A Current Practice Valuation Matters
Financial advisors often determine the valuation of their practice only near the time they plan to exit the practice. Worse, many do not have a solid, objective method for determining that valuation. According to the ’15 Fidelity RIA benchmarking study, only about 42% of RIAs undertake regular valuations on their own, and only about 52% […]
Resilience, Resolve, and Realization
Winston Churchill famously said, “Never let a good crisis go to waste,” and while harsh at first glimpse, it really speaks to a victory in the face of adversity. And, that’s exactly what we’ve seen from financial advisors all over the country. While very few would say that the coronavirus and subsequent shift to working […]
Thinking About Going Independent? 3 Reasons To Reconsider
The current environment, in which most of us are working from home and many firms are still slow to reopen, has a lot of advisors considering the classic breakaway scenario and going independent. After all, the shift from working in an office to working remotely has many advisors feeling like they’re only one step away […]
The Elephant In The Room – Going Independent
One of the biggest changes that came with the onset of the COVID-19 pandemic was the switch to working from home. We all found ourselves no longer making a commute into the office and instead “commuting” from our beds to our kitchen tables, desks, or whatever other creative setup people have turned to. he current environment, […]
The Net On Raymond James’ Increased Recruiting
Raymond James Financial recently released the firm’s 2021 fiscal second quarter results. The report shows that the firm saw a significant net increase of new financial advisors — 179 over March 2020 and 84 over December 2020. This brings their total head count to 8,327 financial advisors, a notable increase in comparison to past quarters. […]
The FA Show on AHTV: Episode 1 w/ David Canter
Welcome to the premier episode of The FA Show, a joint collaboration between AdvisorHub.com and 3xEquity. The FA Show is the only weekly news show designed specifically for financial advisors featuring news, interviews, and insights from industry leaders and influencers. This week’s episode features clips from an interview with David Canter, EVP at Fidelity.
Why A Practice Valuation Matters
We’ve discussed the importance of getting a practice valuation and how crucial it is to the success of your business. Why? Because it paints an accurate, unbiased picture of the state of your business, allowing you to better understand its financial health and what steps are needed to improve its value. In addition, it will […]