Joining your existing firm due to the culture and people may have been one of the deciding factors in joining them. In today’s environment, the industry is shifting to the “bigger is better” model, and you may find yourself lost at your broker-dealer. The people you initially shook hands with, agreeing to partner with you […]
Has Broker-Dealer Culture Shifted in the Winds of Consolidation? Read More »
Planning a move soon? Research alternative broker-dealers: Begin researching and evaluating different broker-dealers that align with your business goals, values, and client needs. Consider product offerings, technology platforms, compliance support, compensation structure, reputation, and overall fit with your practice. We can help you make side-by-side comparisons of fees, payouts, and technology offerings confidentially on your
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How to maximize the assistance of a third-party recruiter like RepRecruit in finding the right broker-dealer… Understanding of your preferences Clearly communicate your preferences, goals, and priorities to our recruiters. Share your desired compensation structure, target markets, products/services you specialize in, geographic preferences, and any other factors important to you. The more specific you are,
How to Leverage RepRecruit, LLC to Find Your Next Broker-Dealer! Read More »
After transitioning to a new broker-dealer, here are the top ten things you should focus on: Client Onboarding: Ensure a smooth transition for your clients by promptly completing all necessary paperwork and transferring their accounts to the new broker-dealer. Keep communication channels open and address any concerns or questions they may have during the onboarding
Top ten things to do after you transition to a new broker-dealer Read More »
Here are ten effective strategies to boost a financial advisor’s brand, client services and increase assets under management. Define and Target a Niche Market: Identify a specific niche market that aligns with your expertise and interests. You can tailor your services to meet their unique needs by focusing on a particular demographic or industry. This
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Financial advisors can employ various strategies to attract more assets from their clients. Here are some practical approaches: Build Trust and Relationships: Building solid relationships based on trust is crucial. Advisors should prioritize regular communication, active listening, and demonstrating genuine care for their client’s financial well-being. By establishing trust, advisors can increase client satisfaction and
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There are several reputable fee-based custodians available in the market. The best choice for you will depend on your specific needs and preferences. Here are some of the top fee-based custodians widely recognized in the industry: Charles Schwab Institutional: Charles Schwab offers a comprehensive custodial platform for independent registered investment advisors (RIAs). They provide various
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While financial advisors have a fiduciary duty to act in their client’s best interests and provide transparent and honest advice, there may be some aspects of the financial industry that are not explicitly discussed with clients. Here are a few examples: Compensation Structure: Financial advisors may only sometimes fully disclose the details of their compensation
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A broker-dealer can help a financial advisor grow their business book by implementing several strategies and providing the necessary support. Here are some effective methods: Lead Generation: The broker-dealer can assist financial advisors in generating leads by providing marketing tools, technology platforms, and lead-generation programs. This may include access to client databases, targeted advertising campaigns,
8 Ways a Broker-Dealer Can Help Financial Advisors Grow Read More »
When choosing a broker-dealer, the right fit for a financial advisor depends on various factors that align with their individual needs, goals, and preferences. Here are some key considerations to determine if a broker-dealer is the right fit: Culture and Values: Evaluate the broker-dealer’s culture and values to ensure they align with yours. Consider their
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