Category: Practice Management

Becoming an Independent Financial Professional

Video Transcription Hi. My name is Ned Van Riper. I’m the Director of Advisor Recruiting with Independent Financial Partners. We’re an SEC registered RIA, and as the breakaway financial professional movement continues to gain traction, I wanted to talk about the term independence, perhaps squash a few misperceptions about what independence is and is not. …

Retaining Clients Through a Transition

If you have been in the industry long enough, you’ve heard horror stories about financial professionals changing firms or breaking away, only to lose a majority of their clients. This story is the same across numerous channels, including wirehouse, independent, and insurance-based or bank broker-dealer-affiliated financial professionals. These stories are sometimes fabricated by branch managers …

Top 3 Land Mines to Avoid When Changing Firms

1. A Misaligned Business Model: Financial professionals serve client niches and don’t try to be all things to all clients, as do firms. More and more financial professionals are serving client niches and finding a great deal of success in being a specialist to their clients. Some financial professionals cater to small business owners setting …