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Elite Consulting Partners CEO Frank LaRosa Published In AdvisorHub
Elite Consulting Partners CEO Frank LaRosa has penned the AdvisorHub article “Playing The Long Game – LPL Focuses On Long-Term Relationships With Their Advisors By Rolling Out New M&A and Succession Services”.
Elite Consulting Partners CEO Frank LaRosa Quoted in Financial Advisor IQ
Elite Consulting Partners CEO Frank LaRosa has been prominently quoted in the Financial Advisor IQ article, “How Wells Fargo’s Lapsed Registration Slip-Up Could Impact Advisor Attrition”.
Frank LaRosa, Elite Consulting Partners CEO, Quoted In Financial Planning Article
Elite Consulting Partners CEO Frank LaRosa was quoted in the Financial Planning article, “Raymond James pumps out recruiting loans. Will advisors bite?”.
Elite Consulting Partners CEO Frank LaRosa Pens Financial Planning Voices Article
Elite Consulting Partners CEO Frank LaRosa shares his opinions on firms leading the way since the financial crisis in a Voices article, “Why Raymond James, Stifel gain ground at wirehouses’ expense”.
What’s In A Name – Merrill Lynch’s Identity Crisis Leads to Advisor Confusion and Attrition
Cohesive branding and messaging is an important component of any financial services company and their success. A disconnect in these fundamental principles can lead to staff and client confusion that creates a ripple effect of negativity which can spread to all areas of a business.
Game Changer – Summit Brokerage Up-Levels Their Business Strategy By Joining Cetera Advisor Networks
Summit Brokerage last week announced their decision to shutter broker-dealer operations and roll-up as a Region into Cetera Financial Group’s Cetera Advisor Networks.
Let’s Make A Deal – RIA M&A Trends and Challenges
Mergers and acquisitions in the RIA space are occurring at a record pace that has proved to be a driving force in the evolution of financial services as we know it.
Elite Consulting Partners Founder and CEO, Frank LaRosa, Quoted in Multiple Media Outlets
Elite Consulting Partners Founder and CEO, Frank LaRosa, was quoted in a recently released article featured in two media outlets.
Line of Succession – How DUAL-MONETIZATION(TM) and Other Succession Programs Attract Talent Young and Old
Succession programs are one of the most efficient ways for a firm to acquire young talent while honoring the work of the older advisor.
Advisor Pay Day – Are Wirehouses Breaking the Bank to Keep Advisors Happy or Is There Another Motive?
An interesting study was released this week by SourceMedia detailing advisor compensation plans for the $2 million producer. The study also included comparative reporting on the top compensation packages found at wirehouse, regional, and national firms.
Watch What They Do, Not What They Say – Where Are Financial Services Firms Putting Their Tech Focus?
Financial services firms are investing in technology, but it might not be where you would expect.
Keep Your Eye On The Ball – The Disease of Distraction at Wells Fargo
By now it has become commonplace to read in the news about the misadventures of Wells Fargo as turmoil and upheaval at the organization have become a near daily occurrence.
To The Victor Goes The Spoils- The Benefits of Strategic Growth Through Acquisition
Last year financial services saw a boom in mergers and acquisitions that strategically redefined the landscape of the industry. Statistically speaking, 2018 registered a 6% increase in financial services mergers and acquisitions, representing a cumulative 461 deals according to a White & Case research report.
In The Still of The Night – The Stealth Launch of Wells’ First RIA
It was a snowy Sunday, January 13th, morning in the Northeast, around 1AM when a LinkedIn post indicated the Schultz team, a Wells Fargo Private Client Group team based in Berwyn PA, was the “first to be ‘permitted’ to transition to the Wells RIA Pilot Program. This struck an odd cord with industry insiders. Why was a news-worthy move of this magnitude communicated during the wee hours of a Sunday via an advisor’s LinkedIn profile update and post and not handled by the Wells Fargo public relations team? Sunday came and went. Monday morning came and went. It wasn’t until Monday afternoon when the story became officially public with the publication of an AdvisorHub article.
Frank LaRosa, Elite Consulting Partners Founder & CEO, Pens Financial Planning Voices Column
Read Elite Consulting Partners Founder & CEO Frank LaRosa’s latest Voices column in Financial Planning.
The Acquisition Dance – Genstar Considers Interest Stake in Advisor Group
Genstar Capital made news last week as reports surfaced the company is in active talks to secure a majority interest in Advisor Group from Lightyear. As of a late, Genstar has become a major player on the financial services acquisition playing field, only four months ago acquiring Cetera Financial Group for $1.72 billion dollars.
In The Still of The Night – The Stealth Launch of Wells’ First RIA
It was a snowy Sunday, January 13th, morning in the Northeast, around 1AM when a LinkedIn post indicated the Schultz team, a Wells Fargo Private Client Group team based in Berwyn PA, was the “first to be ‘permitted’ to transition to the Wells RIA Pilot Program.
Through The Looking Glass and The Revival of the Regional Firm
Advisors coming off the forgivable loan deal should make it their New Year’s resolution to assess their business practices and confirm that their existing firm is in alignment with their goals and vision.
Mixed Signals – What Message is Wells Fargo Sending with their RIA Program?
How will Wells be able to deliver autonomy, independence, and an unsullied brand image to support their new RIA advisors when they have clearly had difficulty achieving that result in all of their other business channels?
Elite Consulting Partners In The News
Elite Consulting Partners consulted the $850 million Pennsylvania-based Stonebridge team on their move from Wells Fargo FiNET to Triad and was featured recently in trade media articles on the subject.
It’s a Seller’s Market – 3 Strategies to Maximizing an Advisor Succession Plan
Whether you have spent all or part of your career at a wirehouse or retail wealth management firm, retirement or pre-retirementis an ideal time to consider a transition to independenceor even another retail firm.
Shattering the Glass Ceiling – Firms Recruiting Female Advisors Showcase Diversity in More Ways than One
Promoting, supporting, and recruiting female advisors is not only an over-arching diversity and inclusion effort on the part of financial services firms, but is simply smart business when you consider the statistics.
The Rise of the Hybrid RIA – A Financial Services Odyssey
The hybrid RIA model is alive and well as its attractiveness and flexibility continues to prompt advisors to maintain an affiliation with both the corporate RIA and their independent broker-dealer partner.
Part 2 – Welcome to the Jungle: The Solo Advisor and Survival of the Fittest
The Solo Advisor may appear to be the lone wolf of the financial services industry. As we discussed in Part 1 of this series, the rise in competition presented by multi-advisor teams, the importance of service differentiators, and the customer perception of succession planning are all posing a threat to the Solo Advisor’s ability to achieve.
Welcome to the Jungle: How Does The Solo Advisor Avoid Extinction? A Two Part Series
The Dodo Bird, the Tasmanian Tiger, the Woolly Mammoth – the one thing these animals have in common is that their inability to adapt, evolve, or weather change in their environment ultimately resulted in their extinction. Translate this to today’s financial services industry. The Solo Advisor appears to be on the precipice of extinction.
Tumbling Down – The Deterioration of Advisor Fees and The Reluctant Race to the Bottom
The relationship between advisors and clients is changing and it is important that advisors not only understand the current playing field but prepare for the new game ahead. Recent statistics reported by the Wall Street Journal show that advisor fees are dipping below 1%, driven primarily by emerging technology and millennial customers.
Blinded By The Light – Wells Fargo Offers Advisors ‘To Good To Be True’ Deals
Wells Fargo is under siege from every angle and it is easy to understand why. The mountain of corporate missteps, questionable ethics, and outright fraud have resulted in a series of investigations and fines for the once storied wirehouse, the ramifications of which have yet to be fully realized.
Frank LaRosa, Elite Consulting Partners Founder and CEO, authors OnWallStreet Voices Column on UBS Compensation Plan
Frank LaRosa, Elite Consulting Partners Founder/CEO, pens the OnWallStreet Voices column, “Why UBS is smart for not changing its compensation plan”
Too Big Too Fast – Why The LPL Service Model is Falling Apart
LPL Financial wants to have it all and that, as it turns out, just may be its Achilles heel. The missteps by the nation’s number one broker dealer have their roots in 2017.
RAYMOND JAMES CONTINUES EXPANSION IN NORTHEAST, WELCOMES MULTIGENERATIONAL ADVISOR TEAM IN MOUNT LAUREL, NEW JERSEY
Raymond James welcomed financial advisors Thomas O’Neill, Jessica O’Neill, CFP®, and Thomas O’Neill Jr. to Raymond James & Associates (RJA) – the firm’s traditional employee broker/dealer – in Mount Laurel, New Jersey, according to Tom Galvin, Northeast regional director for RJA.
Recent News & Articles
<strong><em>Kelce versus Kelce: How Two Brothers Journey to the Big Game Mirrors an Advisor’s Journey to Independence</em></strong>
Frank LaRosa Featured Columnist in WealthManagement.com 2023 Market Outlook
Elite Consulting Partners, The Nation’s Largest Financial Services Transition Consulting Firm, Announces Stacey Frank as Vice President
Elite Consulting Partners Appoints Michael Ryan, Vice President Mergers & Acquisitions
Elite Consulting Partners Hits 50 Employee Milestone; Continues Rapid Nationwide Growth Trajectory
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