First things first As we converse daily with dozens of Alex Brown advisors, we noticed a recurring subject around uncertainty which would lead to the following question: “What are you seeing other FA’s like me do?” In this survey we set out to answer that question. The Gershman Group conducted an independent survey, anonymous compiling…
*Oct 2023: Castle Island Family Office currently only custody thru Schwab and exploring Goldman Sachs Advisor Solutions as a second solution for their advisors. Kevin McCluskey is Founder and CEO at Castle Island Family Office and Managing Partner of its Investment arm, Sea Hunter Capital. Previously Kevin has been Capital Markets Portfolio Advisor for over…
Meet Bruce: After a successful 30+ year career at Merrill Lynch, Brad launched mFORCE Capital in 2021 as an independent wealth management advisory firm. In mFORCE, he has found the freedom and flexibility to serve his clients as they truly deserve. Brad is driven by his passion to deliver effective and relevant solutions, and…
JPMorgan’s Private Bank initiated a new family office practice geared towards the UHNW. For First Republic advisors sitting in the wealth management arm of the business, this announcement brings some concern given that the firm’s attention seems to be focused on the Private Bank. 17-year JPMorgan veteran, William Sinclair, is to lead the group and…
Making a transition to a new firm can be exhilarating, but it’s essential to “think fast and slow” – we applaud the adrenaline and momentum but no so fast, the devil is in the details as always. Here are a few headlines to have top of mind to ease your transition. Ink It, Don’t Speak…
There’s been much talk about AI recently, and we thought it would be worth evaluating how AI is set to impact advisors. As top-tier advisors know, AI isn’t going to replace those jobs, but it very might well replace jobs that call centers currently handle in the neighborhood of values $300,000 or less. The loss…
When top-notch advisors set their sights on new horizons, they know it’s not just about a change of scenery; it’s about finding their golden ticket to success. The financial world is a wild ride, and evaluating a potential firm demands the keen eye of a seasoned detective best navigated with a recruiter, lawyer, and CPA…
The wealth management landscape is undergoing a thrilling metamorphosis, with financial advisors seizing the opportunity to break free from the chains of big firms and venture into independence. Picture this: a seismic shift in the industry, akin to the aftermath of JPMorgan Chase’s acquisition of First Republic Bank, has advisors itching to liberate themselves from…
Exciting new horizons await, but let’s get real here – not everything can just slide over to your new firm from your old firm. Sorry for the downbeat news flash but it’s the truth. You need to be smart about what assets can or should move during a firm transition. Let’s dive into the nitty-gritty!…
In today’s financial landscape, the notion of independence has taken center stage for financial advisors. Top firms are imposing stringent compliance measures, facing financial penalties for misconduct, and subjecting advisors to invasive surveillance. As a result, many advisors feel trapped and long for personal freedom. Compensation structures are also becoming uncertain, leaving advisors unsure about…