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Top Three Things Financial Advisors Can Do to Prepare for Going Independent

Top Three Things Financial Advisors Can Do to Prepare for Going Independent

By: Charlie Latimer, Director of National Recruiting
Published February 8, 2017
Financial advisors choose to go independent for several important reasons: First, the economics of going independent are far superior to all other channels. In addition, independent financial advisors own 100% of the equity in their practices. And most importantly, by serving as true fiduciaries, advisors of …

The Shifting Sands beneath Us: Notes from the FSI OneVoice 2017 Conference

The Shifting Sands beneath Us: Notes from the FSI OneVoice 2017 Conference

Published February 1, 2017
As I sat in a crowded conference room in rainy San Francisco last week, I looked around in amazement at how much industry talent had come together to attend the Financial Services Institute’s OneVoice conference. My round table comprised two CEOs of major brokerage firms and the female …

The Stock Market Update Two Months Post the 2016 Presidential Election

The Stock Market Update Two Months Post the 2016 Presidential Election

By: Guy Adami, Director, Advisor Advocacy
Published January 25, 2017
Since the 104-point sell-off in the S&P on the night and early morning of the presidential election, the market has rallied some 12.5%, culminating with an all-time high print of $2,282.10 on January 6. In the wee hours of the morning of Election Day, I was on …

Time Flies When You’re Having Fun (or Successfully Recruiting Advisors)!

Time Flies When You’re Having Fun (or Successfully Recruiting Advisors)!

By: Charlie Latimer, Director of National Recruiting
Published January 11, 2017
What a year it was for recruiting. In 2016, Private Advisor Group recruited 74 new advisors, bringing our total to 617 across 34 states. This has more or less been our run rate for the past five years. And looking to 2017, our pipeline is overflowing …

2016 IN REVIEW: Making Strides to Support Independent Advisors

2016 IN REVIEW: Making Strides to Support Independent Advisors

Published December 21, 2016
As we say good-bye to another year and put away our holiday décor, it is a good time to reflect on our accomplishments of the past and our goals for the future. In the hustle and bustle of every day, we can forget to take stock of all we have achieved and …

The Stock Markets One Month After the Presidential Election

The Stock Markets One Month After the Presidential Election

By: Guy Adami, Director, Advisor Advocacy
Published December 14, 2016
Now that a month has passed since the November elections, I thought it would be a good time to examine what has been happening in the stock markets. In the days leading up to the election, I was asked how I thought the market would react under …

When Is the Right Time to Consider Changing Broker-Dealers?

When Is the Right Time to Consider Changing Broker-Dealers?

By: Charlie Latimer, Director of National Recruiting
Published December 7, 2016
Executive Summary: The right time is now to do your due diligence. Your analysis will likely lead you to the RIA and IBD channels. You need to understand where those two models converge to create the best advisor model in the industry.
The post-election markets are moving …

Tis the Season to Get Social

Tis the Season to Get Social

Published November 30, 2016
As the holiday time approaches, there’s good reason to be social. But not just social in the physical form by way of Christmas parties and New Year’s Celebrations, but also through the social networking channels with your core constituents: your clients, your prospects, your staff, and your centers of influence.
As independent …

Starting Your Own RIA Firm: Make Partnership a Cost-Effective Solution

Starting Your Own RIA Firm: Make Partnership a Cost-Effective Solution

By: Charlie Latimer, Director of National Recruiting
Published November 16, 2016
My friendly advice to those who care: Remember that Latin term we all learned in high school, caveat emptor? If you’re looking to launch an RIA, be aware of the risk that such an endeavor may fail to meet your expectations.
Over the last eight years, I …

The Case for Joining an RIA Part 4

The Case for Joining an RIA Part 4

By: Charlie Latimer, Director of National Recruiting
Published November 9, 2016
Just because we are financial professionals does not mean we need to burden ourselves by doing our own tax returns. We gladly outsource our tax returns to accountants, and it’s the best $500 ever spent. Let’s apply the same logic to our businesses. Does your ego …

The Case for Joining an RIA Part 3

The Case for Joining an RIA Part 3

By: Charlie Latimer, Director of National Recruiting
Published November 2, 2016
One of the greatest advantages of the independent, fee-based advisory model is the freedom it affords both advisors and their clients. In the independent model, advisors own the end client relationships, and they are also able to more easily merge with other advisors and create their …

The Case for Joining an RIA Part 2

The Case for Joining an RIA Part 2

By: Charlie Latimer, Director of National Recruiting
Published October 26, 2016
You have had a great run with your career to this point – and things don’t necessarily have to change –but you know something is knocking at the door: the independent model. Within this model, advisors can either opt to join an independent broker-dealer, start their …

The Case for Joining an RIA and the Considerations You Need to Make

The Case for Joining an RIA and the Considerations You Need to Make

By: Charlie Latimer, Director of National Recruiting
Published October 19, 2016
The next four blog posts will focus on how and why an advisor should think about moving to an RIA. Or, more specifically, what an advisor should consider when thinking about joining an existing RIA. With all the change about to occur in our …

Rethinking The Surging US Dollar

Rethinking The Surging US Dollar

By: Guy Adami, Director, Advisor Advocacy
Published October 12, 2016
Despite yesterday’s sell off in the S&P 500, we still find ourselves a mere 2% off the all-time high of 2,193.81 made on August 15th. To the casual observer, everything is fine and this is just a very minor blip in what has been a …

Why Coaching Works for Financial Advisors

Why Coaching Works for Financial Advisors

Published October 5, 2016
In the 25 years I have been in this business, I have seen advisors struggle with executing a plan. It doesn’t matter what the plan is (marketing, technology, growth), financial advisors cannot seem to follow through and complete an initiative they started. By no means is it their fault. They are oftentimes …