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: Osaic Wealth, Cetera, and LPL.
Registered representatives, enterprise groups, and OSJs are witnessing these changes and 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, enterprise group, or OSJ who is currently affiliated with:
Here are some questions to consider when thinking about staying-with or leaving your current B/D relationship:
We hear every day from advisors, enterprise groups, and OSJs about some of the considerations keeping them up at night:
What type of advisor or group are you currently, and what type of advisor or group do you want to be?
We try to simplify things and analyze three categories of advisors for interested parties:
*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.