Roger Gershman here, with a three minute drill on the state of affairs of the markets, today’s podcast is, why not just leave for the check.
And that’s what many advisors tell me, Oh, that advisor left for the check, or they leave for the check. And they have not as much of an interest in their clients best interest and more interested in themselves.
Well, I can say, on average, and it’s a large average that if that was true, then you’d see a heck of a lot more advisors leaving their firms. Most advisors have been at their firm for at least 10 years, it’s a long period of time. And to make the decision to leave is a very, very difficult decision to make.
And it’s not about the money, it’s part of the equation. But it’s not about the money, because it is disruptive as all heck to their clients, and disruptive to themselves, their team. And it’s just a really, really tough thing to do.
So, I argue that it truly is most advisors leave because it is in the better interest of their clients. And maybe it’s better service, maybe better support. It’s a better platform, maybe more of a boutique, maybe a larger house. They leave for lots of different reasons, because they’re unhappy at the current firm. And yes, the check absolutely helps.
So I argue very strongly that advisors don’t leave in for the check. If they’re leaving your firm, and they’re leaving in larger quantities and typical, you may want to ask yourself why are they really leaving? What is the rationale behind it? And is there a better platform for my clients, and support and technology and resources? And even at that may not be worth it. But maybe the check pushes you over the edge to make that decision on us or many others can help with maximizing that value of that check. And we’re here to help.
We’re always interested in any feedback, comments, negative positive, I don’t care. I just love the dialogue. I love her industry. And thank you for listening. Call me anytime. 415-265-4029
As the Editor of The Gershman Group, a boutique financial services consulting firm, TGG brings expertise in financial analysis, strategic planning, and market research. With a keen eye for detail and a passion for helping businesses navigate complex financial landscapes, TGG delivers insightful, high-quality content to empower informed decisions. Backed by years of industry experience, TGG makes complex topics accessible through clear and compelling communication, shaping the firm’s thought leadership and commitment to excellence in financial services.
