Chris Fontana, CFA, CIM’s Post

Finding the Right Broker-Dealer Series Part 4: Independence + autonomy When choosing a broker-dealer, the right fit for a financial advisor depends on various factors that align with their individual needs, goals, and preferences. One of those factors is the independence and autonomy the BD offers. At Duncan Advisor Resources our motto is “Independence without Isolation.” We take great pride in understanding who you are as a professional and what you are looking for in a back-office partner. Whether you prefer total control and independence, opting for assistance when and where you need it, or whether you are looking to maximize your time in the field while we handle the case load in the background, we have options for your processes. 🤝 You get to serve your clients with the flexibility and choice that is available to you in the independent business model when you work with us. If independence is important to you and how you run your business, we may be a great fit for you. Find out more about us by scheduling a meeting today https://hubs.la/Q01XQ6D30 #financialadvisor #independence #brokerdealer #findtherightbrokerdealer #flexibility https://hubs.la/Q01XQ3X70

We have a great new presentation highlighting how we collaborate with financial planning advisors to serve their clients. I’d be happy to share with interested advisors. Each day more mutual fund oriented financial planning and insurance advisors are choosing to be truly independent and work directly with registered portfolios managers, enchancing their competitive position, elevating compliance, freeing up time for opportunities with clients, prospects and family and leaving the dealership world behind. There are many more benefits for both clients and advisors. #cantdoitall #wastedtime #frustration #independence #outsourcing #freedom #nogrid #noflatfees #complianceoutsourcing

Is joining a self clearing firm the best option for financial advisors or are there other factors to consider when exploring multi-custodial firms? Historically most broker dealers have been self clearing, but over the past several years more options have become available where financial advisors are given the ability to join a Broker Dealer or RIA and choose from a list of custodians they do business with. If you're thinking about changes firms and are doing due diligence on options, here are a few things to consider when exploring multi-custodial opportunities: 🙌 Convenience For Clients: imagine you have your searching for an advisor and already have your assets held at a custodian, but you're trying to find a financial advisor to help you. If you find an advisor offering multiple custodians there's a better chance you can keep your assets where they're at and retain your account activity, performance reporting, etc. 💡Smoother Practice Acquisitions: if you're a financial advisor looking to acquire a practice and you find an opportunity with an advisor where assets are held at a different firm, if you affiliate with a multi-custodial broker dealer or ria there's a better chance you can let the selling advisor know they can sell their practice without requiring all their client accounts to be transferred to a new custodian. 🏠 Broker Dealer/RIA is a service provider: When you join a broker dealer set up as a self clearing firm there can be benefits associated with trading support, etc., but if you later on decide to change firms it requires a "repapering" of assets to a new custodian. In the event you need to leave a multi custodial firm advisors have the ability to leave their client assets with the same custodian and change Broker Dealers or RIAs without any major client impacts. In this case changing to a different firm is essentially replacing your service provider who was offering back office support, tech, and resources, but doesn't require you to ask much from your clients if you decide who you're receiving support from. If you're considering finding a new BD or RIA next year and have questions about the different options across the industry, take a look at some of the resources we have online an reach out with questions. https://lnkd.in/gGAehs6w

Are you a Canadian Financial Advisor frustrated with the value provided by your dealer? Do you want more for your clients and yourself? Do you want to make more money from the same book? Then, it might be time to choose independence. Independent Financial Advisors enjoy complete autonomy over building their practice and make more money from the same book. They have more time to concentrate on relationship-building activities without the burden of compliance, administration, and investment management responsibilities. If you want to grow your business and focus more time on client relationships, prospects, and referrals, download this free resource to see if independence is right for you: https://lnkd.in/gS5TgTn9

Got a new client? Congratulations! 🎉 But now comes the tricky part: transitioning that client into your practice in a tax-efficient manner. Learn how #DirectIndexing can help ⬇️

Financial Advisors: The facts are IN! The number one reason advisors go independent is their desire for greater control and flexibility over their business. By becoming independent, advisors can have more autonomy in making business decisions, choosing their own technology and tools, and creating a customized client experience. They can also have the freedom to select the types of clients they want to work with and the investment strategies they want to implement. Additionally, going independent often allows advisors to potentially earn higher compensation by keeping a larger portion of the fees they charge clients. Ready for Independence? 336-529-5453 Let’s have a conversation! #LFN #Independentfinancialadvisor

🚀 Attention Canadian Financial Advisors! 🇨🇦 👤 Feeling limited by your dealer and hungry for more value? Want to elevate your client experience and boost your earnings from the same book? It might be time to explore independence. 📈 Independent Financial Advisors enjoy the freedom to focus on relationships without the compliance, admin, and investment management hassles. Picture simple, fast, paperless onboarding with 24/7 advisor and client access to investments and account performance. 🎯 Curious about the possibilities? Dive into this free resource to discover what independence means for advisors like you: https://lnkd.in/gqypNeSD #FinancialAdvisor #IndependentFinancialAdvisor

Whether or not to go independent is one of the biggest decisions a financial advisor can make. Owning an RIA means having complete control to serve clients’ needs, communicate brand positioning, create a proprietary technology platform, and maximize profits. But it also means more responsibilities for regulatory compliance, back-office operations, and payroll, and initially risking the loss of some clients. In this article on AdvisorHub, our founding partner and CEO Matthew Liebman, CFA®, CRPC®, CAIA®, reflects on his move to the fully independent space after more than two full years at Amplius Wealth Advisors. Read the full article: https://bit.ly/46px9v3

Many advisors know that transitioning their brokerage clients into fee- based advisory services would improve the long-term profitability of their practice, but they are apprehensive about discussing fee changes with clients. The reality is that clients prefer the transparency and simplicity of a flat-fee structure versus a complicated commission schedule. Moreover, clients want more of your time and advice, and most – especially younger investors – are willing to pay for it. Learn how advisors have transitioned their brokerage clients to a fee- based relationship. Read more > https://bit.ly/48MyLQZ #financialadvisors #valueofadvice #feebasedadvisory

Maximise your profits by utilising Time Capture. Understand how it plugs profit leakages in our recent blog post. A must-read for businesses seeking growth. #TimeCapture #MoneyMatters