Evaluating

the Right Firm

Experienced Advisor Consulting is dedicated to Financial Advisors and their clients. Our primary mission is to help you make the difficult decision of whether to stay at your current firm or to assess other opportunities. Our team has a wealth of industry knowledge that makes us uniquely qualified to provide support to you and your firm.

If a move is warranted, we can provide guidance in helping to determine the right broker dealer or RIA to better serve you and your clients.

According to the latest FINRA industry data (2020 report), there are 3,517 registered broker/dealers (B/D).

They range in size from one registered representative (RR) to over 15,000.

Further analysis shows us that there are 168 firms that have more than 500 RR and another 545 firms that have 50 to 500.

Assess

We take the time to get to know you and your practice, fully understanding what is important to you and your clients.

We assess your current and future need for growth and success.

Based on your individual and business profile we look for the best fit among many different broker dealers and/or RIAs. We act as your agent and always have your best interests in mind.

Introduce and Facilitate

We ensure that you have the proper introduction to the right firm and the right executive. We stay involved throughout the entire process to provide valuable feedback and timely advice.

Negotiating Advice

We help you obtain and maximize the best possible terms and conditions for your transition. With our experience in the industry and knowledge of individual firms, you can tackle the negotiating process with confidence.

Transition Advice

We stay involved with your transition from beginning to end but the process does not end when you change roles. We monitor the early part of your transition, sharing best practices to ensure a successful transition.

Our Process

Part of our due diligence process is to help you get the answers to some of the following questions:

What is the B/D’s reputation in the marketplace?
Does the B/D have any areas of specialty that would help your growth?
What is the philosophy of the firm?
What operational support should you expect at the local and national level during and after a transition?
How does their technology compare to your current firm?
How advisor friendly is their compliance process?
What type of marketing support exists and how does it compare with your current situation?
Do they self-clear, have only one option, or several choices of clearing firms?
What type of expenses should you expect as an advisor?
Is the payout grid better than your current situation?
Are there any succession plan options available?
Who legally owns the clients?

What is the profile of a typical advisor at this new firm?
Do they support international business?
Do they have access to private shares, private equity offerings, and any other alternatives investments?
How is the access to senior management?
Do they offer coaching programs?
Do they offer transition assistance and financial incentives to join?
Are they part of the “Protocol” agreement?
If you leave your new firm, what is their litigation profile?
How do they pay commissions on Life Insurance and Annuity business?
Can you buy/acquire books of business (internal /external)?
What is the support ratio to revenues for sales assistant for a W2 model?
Can you grow your net worth through any kind of longevity bonus, deferred income, restricted shares, equity in the business, stock options, etc.?

Let's Work Together

Experience Working for You