Recruiting Industry Specific Experts, LLC’s Post

Have you considered joining the Advisor Migration but don’t want the hassle or headache of overhead, managing technology, & compliance?    Avoid the headaches & trade in big corporation red-tape and endless comp changes for a client-centric, fee-only RIA with ongoing support from a team of experts to provide a true client-first, conflict-free experience. Contact me today to learn more about opportunities and payouts in the RIA space!

Wirehouses and IBDs continue to bleed advisors to the RIA channel. But RIA firms are consolidating & bulking up and looking more like brokerage enterprises. Do they meet in the middle? "Wirehouses and RIAs—Will They Meet in the Middle?" https://buff.ly/4eVYOIK

💡 Custodial referral programs provide RIAs with a pipeline of client leads, but opinions are mixed on whether this constitutes organic growth. Some argue that these programs offer genuine growth opportunities, while others believe they fall outside traditional organic methods. 📃 Check out this insightful article on custodial referral programs, featuring insights from Andy Penso, Mission Wealth Chief Business Development Officer. 🙏 Thank you Financial Advisor IQ for the opportunity to contribute! #Finance #RIAs #BusinessDevelopment #OrganicGrowth https://lnkd.in/gfm9FZEj

Big changes are happening in the wealth management industry! 📈 #LPLFinancial is making strategic moves to recruit HNW corner-office wirehouse teams – a trend that will undoubtedly shape this competitive landscape's future. Why does this matter? Because LPL recognizes the gaps in the industry and is doing everything it can to fill them. Targeting prominent wirehouse and boutique firms, #LPL is taking on the big brand names. What sets them apart? A higher payout, book ownership, and opportunities for self-branding. We are witnessing an expansion that redefines the industry. Trend-watchers and industry stalwarts, keep your eyes on moves like this; they often signal larger industry shifts that provide opportunities for those who are quick to adapt. 🌐 If you are interested in connecting to discuss your current practice or start the due diligence process, please message. #mpgfinancialrecruiters #lplfinancial #expansion #financialadvisors #wealthmanagment #advisorhub

Many of the biggest broker-dealers have stopped disclosing advisor headcount in recent years. Maybe it's because where FAs are going (and how they affiliate) has changed dramatically. Michael Taffe combed through ISS | Institutional Shareholder Services data documenting 65,000 moves to determine where advisors are leaving, and where they are landing. 50% of advisors work with one of just 15 firms. Financial Advisor IQ. Check it out here: https://lnkd.in/eru-qxYD

You don't hear a lot about the custodian that I use for Cloutier Wealth Management, because LPL Financial has one goal in mind -- take care of advisors, so the advisors can take care of what's most important -- their clients, the lifeblood of their business. LPL does not have proprietary products, like mutual funds, nor do they advertise on TV, but they are a beast and are only getting bigger. Onward and upward! #independent #fiduciary #wealthmanagement

😰 MPS inefficiencies and disjointed management across various platforms leads to unreliable outcomes, affecting client satisfaction and investment returns! Luckily, these are not problems Waverton and our supporting advisers/clients have to face. ⚒ The article below highlights how the innovative 'building-block' structure of our MPS portfolios enables consistent delivery and efficient trade execution across platforms.

Fresh off LPL Financial’s giant deal to acquire Atria Wealth Solutions, the firm unveiled another mega-recruit in the bank-based channel of wealth management with Wintrust Investments. Here’s what we know about the firm’s agreement with Wintrust Financial Corporation to provide outsourced wealth services to 85 financial advisors managing $16 billion in client assets, with insights from Tom Zidar of Wintrust and Christopher Cassidy and Dan Arnold of LPL. #growthstrategies #lpl #financialadvisors

LPL Financial is making big moves in the elite wealth management space with their new 'Private Wealth Management' channel aimed at top advisors managing over $100 million in client assets, reports AdvisorHub. This allows LPL to go head-to-head with wirehouse firms that have historically dominated this high-end market. Advisors must service households with at least $5 million in investable assets to qualify. In return, LPL is providing increased payouts up to 70% of revenue, access to exclusive alternative investments, and dedicated support teams. This initiative helps LPL move further upmarket in pursuit of larger advisors as their average revenue currently lags competitors. Early momentum looks promising, with executives citing strong recruitment thanks to these expanded affiliation options. What do you think about LPL's strategy here? Can they truly compete for ultra-high-net-worth clients traditionally loyal to wirehouse firms? What more can they do to attract elite advisor teams managing hundreds of millions or billions in assets? #LPL #WealthManagement #Wirehouse #RIA https://lnkd.in/esYFX2dZ Read more recent updates to the private capital markets in Volume 83 of the FINTRX Family Office & RIA Newsletter, out tomorrow! Subscribe here: https://lnkd.in/eWMHiUjX

The UK FCA Consumer Duty regulations present opportunities for wealth managers to redefine their value proposition, their client servicing approach and their technology strategy. Incorporating enablement tech as key component of the modern adviser tech stack will be a must for every firm looking to adhere to the regulations and deliver an optimal client experience. My Seismic colleague, Rachael Rowe, provides timely perspective on this topic in IFA Magazine. 🔗 Read the full story here: https://bit.ly/3JkL8bs #EnablingFinancialServices #WealthManagement #FCAConsumerDuty