by Patrick M. Kelly | Sep 24, 2010 | Breakaway Brokers, Going Independent
Are you one of the many financial advisors thinking about going independent? If so, make sure you have a solid plan. The transition process can be extremely smooth for your clients who follow if you have developed a business plan. This transition process typically...
by Patrick M. Kelly | Aug 19, 2010 | Breakaway Brokers, Financial Advisors, RIA
For the past few years, many breakaway brokers have decided to start their own RIA firm to gain independence from the wirehouse world. They have now been looking for our assistance to help grow by adding new financial advisors. We have seen an enormous growth in RIA...
by Patrick M. Kelly | Aug 6, 2010 | Breakaway Brokers, Financial Services Industry, wirehouses
Since wirehouse brokers already have clients who will follow, the transition from wirehouse to independent is much smoother. Advisors don’t have to build a book from scratch and have a solid foundation.
by Patrick M. Kelly | Jul 23, 2010 | Breakaway Brokers
There has been a substantial increase of breakaway brokers so far this year. According to TD Ameritrade Institutional, “…212 breakaway brokers have joined its network during the first three quarters of its fiscal year 2010. That’s a record amount for the first...
by Patrick M. Kelly | Jul 14, 2010 | Breakaway Brokers
One of the primary focuses financial advisors have is taking care of their existing clients while developing new clients and growing their business. The time spent focusing on compliance and paperwork is not a beneficial use of their time. Breakaway advisors have to...