Advisors with their sights set on the highest level of freedom and flexibility, plus the maximum ability to build long-term enterprise value, owe it to themselves to take a closer look at the RIA model.
The move allows Winthrop Wealth Management, which still custodies with LPL, to get its new practice acquisition platform up and running.
Through the acquisition, Wealth Enhancement Group, which uses LPL for its brokerage business, helps the independent broker/dealer to retain another NPH team.
Non-protocol transitions are far from impossible, but do require a tighter planning schedule and a budgetary process.
Revenue in the Canadian bank’s U.S. brokerage business was up 17 percent this year.
How to strategically determine if independence is a good path for you.
There’s plenty of opportunity, argued a panel of acquiring RIAs at Schwab IMPACT. But unrealistic expectations on the part of buyers and sellers mean there is far more “frog kissing” than actual matches.
Changes haven’t been made since 2009.
The slowdown was primarily driven by a decrease in breakaways, which tend to be event-driven.
Improved technology over the past 12 years has made the independent landscape much more robust and attractive to breakaway advisors.
