As the Department of Labor fiduciary rule adds to rising compliance costs, many broker-dealers are being forced to make hard decisions about the future of their business. Even if you’re with a broker-dealer that’s on solid footing today, you need a Plan B to fall back on because tomorrow could bring an unexpected change.
More and more advisors are discovering the advantage of building a branch and the importance of succession planning. The best way to cover both bases? Hiring a next generation associate advisor. Before that, however, you need to build the right plan.
Increasing regulations, evolving technology and new competitors are altering the financial services landscape. These seismic shifts are creating new challenges for independent advisors and managers of small practices. As a result, many are turning to Super Branches for an approach to independence that’s ideal for this new business environment.