For advisors to effectively do their job, keep up with innovation and build a successful practice, it is critical that they have the right tools and support, and the right firms to support them. In the search for the ideal partner, financial advisors should carefully consider what type of affiliation will provide the best fit not only for where their business is presently, but more importantly, where they want their business to go.
Does the potential firm have the programs and personnel in place to provide the type of support needed? Can the potential firm provide a better client experience? How will the potential firm make doing business easier and better? Can they take your practice to the next level?
Joining an independent firm can be financially and personally rewarding, if you choose the right firm. The industry offers financial advisors choices on service models, organizational preferences and compensation structures.