by Patrick M. Kelly | Apr 23, 2012 | Breakaway Brokers, Financial Recruiting Industry
In fact, 92% of High Tower’s financial advisors have been picked off from traditional wirehouses according to Charles Roame, CEO of Tiburon Advisors. Last week at the Tiburon CEO Summit XXII in New York City, Roame told the audience of financial executives that the...
by Patrick M. Kelly | Feb 29, 2012 | Breakaway Brokers, Going Independent
I always find Managing Partner of Peak Advisor Alliance Steve Sanduski’s articles worth the read. If nothing else, he gets you thinking about your own business and how you can take it to the next level. The article below is no different; however I must say I never...
by Patrick M. Kelly | Sep 13, 2011 | Breakaway Brokers, Going Independent
[pullquote]there are more resources than ever to help independent financial advisors transition to the hybrid model[/pullquote] After looking at their options, more and more independent financial advisors are opting into the “hybrid” business model whereby they can...
by Patrick M. Kelly | Sep 9, 2011 | Breakaway Brokers, wirehouses
Independent or Wirehouse business practice? During the past two years this has been the big debate in the industry…who’s moving where and what are the pros and cons of each? What misconceptions are being fostered within the two worlds? Are the Wirehouses recruiting...
by Patrick M. Kelly | Jun 17, 2011 | Breakaway Brokers, Going Independent
In its newly released white paper, “Options for Independence Tax and Succession Considerations,” Fidelity Investments says that over a 10-year period, RIAs could pocket a much as $21 million more in after-tax income than if they had stayed at a wirehouse. The...
by Patrick M. Kelly | Sep 24, 2010 | Breakaway Brokers, Going Independent
Are you one of the many financial advisors thinking about going independent? If so, make sure you have a solid plan. The transition process can be extremely smooth for your clients who follow if you have developed a business plan. This transition process typically...