When markets get choppy, it becomes even more important for advisors to understand their options – particularly as it relates to transition opportunities and how the variety of models and deals on offer can serve to level up practice and personal performance. In this episode of Advisor Talk, Elite Consulting Partners CEO Frank LaRosa and President Dale Dempsey focus in on the opportunities available at LPL Financial and analyze the strategy and playbook the firm has put in place to provide the right framework for attracting advisory talent.
Key points of discussion include:
*A breakdown of recent advisor trends, including where advisors are transitioning and why.
*An analysis of models offered by LPL, their key differentiators, and how advisors are applying those services to their own process and practice needs.
*A deep dive into the LPL Strategic Wealth Services (SWS) model, using football’s RPO offense as a metaphor, for the impact the model is making on the industry.
*The unexpected benefits of asset gathering, especially during a down market.
Frank and Dale’s conversation is extensive and provides the thought-provoking analysis of both current trends and the news-making LPL offerings that are defining advisory and industry conversations. If you are a financial advisor who is evaluating your current practice position due to fluctuating market conditions, use this episode to develop your own playbook and strategy to chart your course to success.