Three financial advisors discussed what they gained from participating in coaching programs and shared advice for others.
Regardless of what the future holds for the Department of Labor’s embattled fiduciary rule, it’s clear the industry is facing ever-tightening regulations and the increased cost of compliance. Consequently, more and more small and mid-sized independent broker-dealers are surrendering their costly supervisory and compliance responsibilities and rolling up under independent advisory and brokerage firms as super branches.
The winning mix that helped a young advisor build a growing OSJ group.
Once you've transitioned from a broker-dealer to a super OSJ, you'll no longer need to worry about these responsibilities.
With the failure rate for new advisors at 80-90 percent, hiring associates can be a costly decision if not handled correctly from the start.