While increasing efficiency through outsourcing helps a financial advisor's bottom line, it does not make them feel any less stressed, according to findings from two studies.
There are four steps that every advisor should follow, no matter what side of the transaction you are on.
Internal deals typically involve a higher level of knowledge and awareness of how the practice is structured and operates among both transaction parties.
Not all businesses are created equal, and how you run your business and how you got to where you are today are just as important.
Although a retail trust company structure may add complexity, it may be just the solution an MFO needs to be successful in the long term.