When evaluating a potential move to a new broker-dealer, it’s important to clarify key factors that will impact your control, income stability, and long-term success.
- For instance, understanding who owns the client relationships affects your future ability to manage your book of business.
- Frequent changes to the financial advisor compensation plan may signal instability, so reviewing their track record can help protect your income.
- Investigate how many practices the broker-dealer has attracted recently and why, as this reflects both its appeal and integration support.
- Assess how successful previous advisors have been at transferring their assets, since this can impact your business continuity.
- Leadership matters too—long-tenured CEOs often point to organizational stability and a consistent vision.
Finsum: Also, recent enhancements to the advisor platform to see whether the broker-dealer is investing in tools that will genuinely support and grow your practice.
