RIA owners are leaving the business at a rapid rate. At The Same time, it’s been tough to attract young advisors. Compensation has always been one of the best tools to entice, reward and keep the best employees, but how many small firms can afford to divert money from their client retention strategies, whether it’s advertising or special events? Not many.
Into the breach steps the equity ownership model. This strategy allows firms to reward valuable advisors, while also boosting the firm’s overall value. After all, there are few better ways to encourage others to increase their revenue when they directly share in that growth.
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