Attracting other financial advisors to join your team can be a great way to grow your business and expand your reach. Here are some tips to help you attract other advisors to join your team: Define your value proposition: Before attracting other advisors to your team, you must define your value proposition. What makes your team […]
Growing a Team of Advisors Read More »
Maximizing your broker-dealer relationship can be crucial to your success as a financial advisor or broker. Here are five ways to make the most of your broker-dealer relationship… Communicate regularly: Communication is critical to any successful relationship, especially for your broker-dealer relationship. Regularly communicate with your broker-dealer about your business goals, challenges, and opportunities. This
Maximize Your BD Relationship First Read More »
A financial advisor can use several methods to value their practice. Here are some of the most common ways: Multiple of Revenue: This method involves multiplying the practice’s annual revenue by a specific factor, ranging from 1 to 3 times revenue. The multiple used depends on factors such as the size of the practice, the
PRACTICE VALUATION 101 Read More »
Broker-Dealer consolidations are the new normal in today’s investment news headlines. Eight to ten years ago, a broker-dealer merger would make headline news, and advisors would exit as quickly as possible to a new B/D. However, today’s marketplace is much different, and broker-dealer selection is somewhat limited. Instead of jumping ship, many advisors conform to
IT’S A WHOLE NEW BROKER-DEALER WORLD! Read More »
Seems like a lot! Considering that in less than three years Jesus became the most influential person in all of history – and He only had 12 disciples with one dropping off for the wrong deal, (Judas) Many will say that mixing Christian views into business is wrong; however, as a believer in Christ, I
WHAT CAN THE BIBLE TEACH ABOUT RECRUITING FINANCIAL ADVISORS? Read More »
Dave Reyna is the chief executive officer of RepRecruit, LLC, one of the top recruitment firms for independent financial advisors, wirehouse representatives, and highly-ranked broker/dealers across the United States. Dave’s career history is a testament to his hard work and resourcefulness. From his first role in the finance sector, to his current appointment, he has continually
FEATURED IN THE TOP 100 MAGAZINE FOR 2018! Read More »
The big four, Merrill Lynch, Wells Fargo, Morgan Stanley and UBS are now losing more reps to independent broker-dealers than ever before. In the past, wirehouse advisors felt the need of a big brand like the bull at Merrill Lynch or the stagecoach at Wells Fargo to gain trust and assets, but that is far
WIREHOUSE ADVISORS TRANSITIONING TO INDEPENDENT BROKER-DEALERS! Read More »
Sound unreasonable? Yes, because it is! It is possible to get one or the other but not at the same time. If anything, payouts are going lower and lower every year. However, there are more important issues looming over the Broker-Dealer industry, and it’s not the end of the world as predicted for September of 2017,
100% UPFRONT & 100% PAYOUTS! Read More »
Who are the Best Broker-Dealers? It’s a question that many financial advisors will be asking themselves at one point or another in their careers. Based on recent news, it might be something you’ll be asking yourself soon with Department of Labor rulings, FINRA compensation disclosures, and a potential swarm of broker-dealer mergers and acquisitions
WHO ARE THE BEST BROKER DEALERS? Read More »
Finding a New Broker Dealer in today’s economy? Better call a divorce attorney… and a marriage counselor it’s just about the same! The perfect storm is brewing and nobody really knows where to turn. Smaller boutique broker dealers having been a growing trend but now many of those are being forced to consider their own
FINDING A NEW BROKER DEALER IN TODAY’S ECONOMY? Read More »
Commit your work to the Lord, and your plans will succeed Proverbs 16:3