5 Ideal Options for Breakaway Brokers
*Access the most robust products, resources, technology, and thought leadership
*Enhance efficiency and profitability
*Respond to a changing regulatory environment
*Fulfill ongoing capital needs
*Address succession planning objectives
With so many demands, advisors are questioning the wisdom of continuing to go it alone. The good news? Legitimate options exist that solve for these and other key issues. Here's a countdown of five of the best options, each carefully assessed and broken down by Mindy Diamond, the president and CEO of Diamond Consultants, one of the industry's top financial advisor recruiting firm.
<a href=http://concertadvisorservices.com></a>Concert Advisor Services</a>
Diamond Key Takeaways:
Concert is an ideal model for the breakaway Advisor who seeks independence but wants to outsource 100% of his or her ongoing administrative and operational responsibilities.
Established independent practices with less than $100 million in AUM who are increasingly burdened by the changing regulatory environment and shrinking margins also find Concert an ideal solution.
<a href=http://www.dynastyfinancialpartners.com></a>Dynasty Financial Partners</a><br>
Diamond Key Takeaways:
Dynasty supports fully independent firms and does not take an equity stake, allowing advisors complete control over their businesses.
Dynasty provides on-going advisory services and mentoring for advisors leveraging the firms veteran management team, board members, and industry connectivity.
Dynasty provides financing to those teams who would like capital as they go independent and to already independent firms looking to add tuck-ins. Dynasty can help facilitate both an equity and debt solution to liquidity needs of advisor partners.
<a href=http://focusfinancialpartners.com></a>Focus Financial Partners</a><br>
Diamond Key Takeaways:
Focus has tremendous access to capital including a $320M credit facility for acquisitions. Further partner firms can access this capital to expand through sub acquisitions.
Focus is a pure investor they take no spread on products and have no revenue share agreements of any kind.
<a href=http://hightoweradvisors.com></a>HighTower</a><br>
Diamond Key Takeaways:
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HighTowers advisors join the firm as partners and owners. The firm provides upfront monetization in addition to equity in the company.
HighTower is an ideal model for advisors who are entrepreneurs and want greater independence, without the risk of going fully independent and dealing with the complexities that come along with finding office space, setting up technology, managing compliance, or handling legalities.
HighTowers partners have a direct impact on the strategic direction of the firm and the firms culture.
<a href=http://www.unitedcp.com></a>United Capital<a><br>
Diamond Key Takeaways:
United Capital is ideal for advisors laser focused on their clients well being and desirous to grow under one vision, one brand, and one financial planning delivery model.
As fellow shareholders of the company, all partner advisors participate directly in equity value creation.