Choosing the Right Technology for Your Firm When an RIA launches, the owners are often faced with the question of which technology is best for the new advisory firm. Choosing software products and automation tools involves reviewing business operations, establishing a technology budget, deciding whether to build or buy, and selecting the best small business [...]
5 Myths of Becoming an RIA Many advisors understand the benefits of “going independent,” yet there are still misconceptions about what it means to become an independent advisor. Below, we separate fact from fiction. Myth: My practice is too small to become an RIA. Reality: Striking out on your own is not the only option. [...]
Getting Clients to Follow You Every wealth advisor who has ever changed firms experiences some apprehension regarding client portability. Questions such as “will clients follow me?” or “how deep are my relationships?” and “is this the right time to test their loyalty?” may arise — and rightfully so. The good news, according to a recent [...]
How Does the Changing Broker-Protocol Affect Your Future? It’s true. Citigroup, UBS, Morgan Stanley and other major wirehouses have exited the “Broker Protocol.” In place since 2004, the protocol established recruiting guidelines and allowed Advisors to invite clients to join them when they left one firm to join or launch another. [...]
Former Merrill Regional Head Dickson Launches Sanctuary Wealth Partners Just over a year after losing his job as one of Merrill Lynch Wealth’s ten regional managers in a restructuring, James R. Dickson has ambitious plans to help regional brokerage firm David A. Noyes thrive by attracting independent-minded brokers. Dickson, who spent his entire brokerage career [...]
Respected Leader and Top Financial Advisors Join Forces to Launch Sanctuary Wealth Partners, a New Independent Model for Top Advisory Teams May 17, 2018 INDIANAPOLIS -- (BUSINESS WIRE) -- May 17, 2018 -- Jim Dickson, one of the most admired and successful leaders in the financial advisory industry, has announced the launch of Sanctuary [...]
Independence Is a Road Well Traveled There are very good reasons that so many Advisors consider making the move to some form of independent operations. Whether that’s complete independence or some kind of hybrid model, the proliferation of third-party service and technology firms providing complete turnkey support to Advisors has [...]
