More and more financial advisors with broker dealer affiliations are questioning their B/D-only relationship. We are at a unique time in history, where the demands of clients, financial advisors, and the financial service industry providers are all changing simultaneously. Many Broker/Dealers have become behemoths; if you do not have a big voice, you will quickly get lost in the shuffle. Clients want more of everything – service, technology, investment products, and quality service – all at an ever-lower cost. In the independent B/D space, there is an increasing number of mergers and acquisitions that are giving rise to super aggregators: Advisor Group, Cetera, and LPL.
Registered representatives witnessing these changes are asking, “what do I really want to be when I grow up?”
“How can I maximize the value of my business?”
Home for Hybrids, LLC (HFH) is a resource to advisors looking to sift through the options and issues related to staying or going.
The scope of this data is oriented towards a financial advisor who is currently affiliated with:
Here are some questions to consider when thinking about staying-with or leaving your current B/D relationship:
What type of advisor are you and what type of advisor do you want to be?
I try to simplify things and create two categories and then two subcategories:
What type of advisor are you currently and what type of advisor do you want to be?
We try to simplify things and analyze three categories of advisors:
*Transitional Wealth Planners focus on the following transitional events: retirement, inheritance, change in marital status, relocation, loss of a loved one, sale of a business.