The Evolution of Advisor Platforms: 1099 Models vs. Full Independence
The financial advisory landscape has undergone a significant transformation over the years, with 1099 platforms playing a pivotal role in bridging the gap between traditional
Why Advisors Are Leaving Raymond James for Supported Independent Platforms
Raymond James has long been a reputable player in the wealth management industry, known for its strong culture and client-centric approach. However, in recent years, a growing number of advisors have chosen to leave Raymond James in favor of supported independent platforms. This trend reflects a broader shift within the industry, as advisors seek more…
Private Bankers Kicking The Chains Off
We all know that there is always some measured leap of faith and a confidence in their future that advisors must own when pivoting from what they have been used to for many years, sometimes a lifetime, to somewhere new. This is more notable when a private banker looks to switch from the security of…
How AI is Revolutionizing Financial Advisory Services
The rapid growth of AI, particularly generative AI models like ChatGPT, is reshaping various sectors. ChatGPT, which achieved 100 million users within two months of its launch, is one of the fastest-growing consumer applications in history. This unprecedented adoption underscores AI’s transformative potential across industries, including financial advisory. The best way advisors can capitalize on…
Rockefeller Capital Management: Pioneering Legacy and Innovation in Wealth Solutions
Rockefeller Capital Management (RCM) has established itself as a premier financial services provider, seamlessly blending the historic success of the Rockefeller family with forward-looking, innovative strategies. Offering unparalleled access to wealth management, asset management, and investment solutions, RCM invites high-net-worth individuals and institutions to explore opportunities that are rooted in legacy and driven by cutting-edge…
Next Generation Planning is Top of Mind for Advisors
Life is a constant juggling act for advisors between managing clients, a book of business, and firm needs that there often isn’t time to evaluate next generation (or succession) planning. Today, however, planning ahead is top of mind for advisors for a variety of important reasons with mounting interest in determining if being an employee…
How Does a $3M Team Grow to a $75 Million Team in 5 Years?
Seventy2 Capital is a runaway success story on Wall Street; it is a tale of transformation from a modest $3 million team to a juggernaut commanding $75 million in a mere five years. But how did this remarkable metamorphosis unfold? The journey began with a bold departure from big bureaucratic banks like Merrill/Bank of America…
The Gershman Group Partners with LPL’s New PWM Platform
LOS ANGELES, March 22, 2024 /PRNewswire/ — Roger Gershman of The Gershman Group who is known to represent the who’s-who of elite advisors for both banks and independents believes LPL’s launch of its PWM platform will change the competitive playing field for the next generation of top advisors. We embrace this launch and we expect many advisors we represent will feel the…
The Wealth Management Exodus: Why Top Executives are Flocking to Independent RIA Firms
In recent years, the financial services industry has witnessed a notable trend – a significant exodus of both senior management executives and financial advisors from big wirehouse firms to establish or join independent Registered Investment Advisor (RIA) firms. The moves have been significant and seem to buck a trend of consolidation in the wirehouse space…
The 2024 Outlook – The Mass Exodus to Independence
The new year brings reflections on what transpired in 2023 and thoughts for the year ahead. 2023 was undoubtedly a record year for financial advisors transitioning from traditional banks/brokerages to more friendly advisor centric private wealth platforms, including the various choices of independent platforms. Even gestures by some large banks like Merill to modify their…