It is more important than ever for financial advisors to fully understand their business objectives as many advisors are transitioning away from the W-2 model and looking for more independence.
In today’s episode of Advisor Talk, Elite Consulting Partners CEO Frank LaRosa is joined by Thom Powers, the Director of Business Development for Elite Consulting Partners. Together they discuss some of the key elements to keep in mind when transitioning as a financial advisor.
Some of the topics discussed include:
- How Thom Powers’ background and expertise led him to the recruiting and transition space within financial services.
- Determining whether an advisor wants to be independent or have independence (there’s a big difference).
- A breakdown of some of the hybrid affiliation channels that are proving to be great options for advisors who don’t want true independence, but still want to leave the W-2 space.
- Why advisors need to consider the scalability of their practice before moving to a new firm.
Frank and Thom are so passionate about this topic that if each episode of Advisor Talk didn’t have a time constraint, they would have talked for hours. Today’s show is full of information that advisors need to hear if they are deciding whether their next step is gaining independence or going completely independent. If you are interested in learning more about the independent space or any transition opportunities that are available to you, reach out today. Send an email to Frank@eliteconsultingpartners.