AdvisorTrends - The 3xEquity Podcast

Learn more at 3xEquity.com You’ve put a lot of money, energy, and effort into building your practice. So, when the time comes to sell, it’s essential to approach the process with a clear understanding of your motivations and goals. Before putting your business up for sale, it’s important to define the “why” behind your decision.  What are your reasons for selling? What do you hope to achieve by se...

For more information, visit 3xequity.com/qs We’re in the throes of summer now and many other things besides your next career step are likely taking precedence, but should they?  Offers are still high, technology differences between firms is widening in some cases, your clients product and servicing needs are changing…in fact, now might be exactly the right time – but how to find the time? Solution...

For more episodes and information on how you can secure multiple offers all while you remain 100% anonymous, visit 3xEquity.com/podcasts As the financial industry continues to evolve and adapt to changing market dynamics, major players like Goldman Sachs and Citigroup are strategically ramping up their efforts to attract and hire talented advisors. With a renewed focus on expanding their advisory...

There’s been an ongoing trend of broker-dealers expanding their presence within the RIA space and another big name is making its move. Cetera Financial Group, a leading broker-dealer in the nation for producing representatives, has acquired Retirement Planning Group, an RIA based out of Kansas. This marks Cetera’s first acquisition of a pure RIA and signifies the firm’s desire to increase its affi...

Independence is a powerful elixir, especially for brokers who are more or less employees for those wirehouses. Not surprisingly, many of those in-house brokers decide to test the waters and embrace the benefits of being an independent. Kudos to Wells Fargo & Co (WF) for recognizing this dynamic. Last week, AdvisorHub wrote about how WF “Leans into Its Independent Broker Channel.” Unlike the ot...

Secure your own offers right now, all while remaining 100% anonymous.  Enter your information and receive multiple offers within days.   Follow this link .

Audio version of our video interview with Becca Hajjar - find that on YouTube now via this link . 

After a tumultuous year and the ongoing economic uncertainty and market volatility, many big investment firms have been decreasing their headcount. Some firms have already announced their plans to cut up to 500 jobs. Despite industry-wide cutbacks, Fidelity Investments is going against the wave and is planning on increasing its numbers. Only a few months into the new year, Fidelity recently announ...

Many big-name firms have announced plans to slim down on their number of regional divisions and geographic regions. This comes as many try to find ways to cut costs while simultaneously trying to meet new demands and find greater efficiencies. But do these changes ignore the inherent differences of traditional geographies (ie:  Middle States vs. Coasts, North vs South, places that call carbon...

As reported this week by AdvisorHub , LPL is keeping their foot on the gas pedal when it comes to transition deals, raising “…  bonuses to as much as 100 basis points on assets under management for brokers who generate at least 70% of their revenue from recurring fees in advisory accounts , according to recruiters who were briefed on the deals in the last two weeks. The bonus also includes a...

Choosing a broker-dealer isn’t a task as simple as pulling a name out of a hat. The choice can be one of the most important decisions that an advisor will make over the course of their career. Ending up in the wrong place, one that isn’t a strong fit, can not only have negative consequences for the advisor but also for their clients. There are a lot of factors to consider when it comes to making t...

GET YOUR OWN VALUATION HERE ASK THE EXPERTS: When is the best time to get a practice valuation? A: The best time to get a certified practice valuation for your wealth management business depends on your specific circumstances. However, it may be beneficial to consider getting one: Before a sale or merger: This helps to determine the value of your business for negotiations and helps ensure a fair d...

READ FULL STORY ON OUR BLOG SECURE MULTIPLE TRANSITION OFFERS Last November, major brokerage firms started announcing their compensation plans for the year ahead. While most remained relatively unchanged, with a few minor tweaks here and there, Merrill Lynch gave their comp plan its first major overhaul since 2009, stating the industry shift to advisory business as a big motivator for these change...

With every decision we make, there’s an underlying factor that drives our actions. A simple three-letter question that while not always acknowledged, holds a whole lot of power… why. While your why may seem less critical when it comes to decisions like whether to work out or read a book, it is a huge motivator when it comes to more life-changing decisions, such as what career to pursue and the pla...

FINRA EXPANDS FOCUS Examination and Risk Monitoring Report New Compliance Focal Points The Importance of Cybersecurity FINRA recently published its annual Examination and Risk Monitoring Program letter, which serves as a compliance guideline for firms. As part of this report, they’ve announced that their enforcement priorities for 2023 will include new areas of focus and priority. In addition to t...

Receive multiple offers all while you remain 100% anonymous -> click here 3xequity.com/qs Pre-Transition Keys Setting the Stage Critical Letters to Draft There’s a lot of prep work that goes into a successful transition. You have to put in the hard work and careful consideration if you want your transition to go smoothly, it won’t just happen at the snap of a finger. After completing your due d...

To learn more about 3xEquity and secure your own offers, visit 3xequity.com/qs The holiday season is upon us, and we all know what that means… it’s time to shop! Stores are doing everything they can to entice you to stop in and find the hottest gadgets on their shelves. And with holiday shopping starting earlier and earlier every year, there’s more opportunity for people to find exactly what they...

READ THE COMPLETE ARTICLE HERE As an industry-leading Transition Specialist, 3xEquity can help you find a new home for you and your clients that has the best succession plan in place for your business. Don’t worry about spending extra time exploring your options, because we do all the heavy lifting; you can stay focused on your business. Don’t worry about extra costs or fees that you think you may...

For many advisors, the year has been a challenging one. Clients have needed extra handholding, portfolios have taken a hit, and the amount of time they’ve put into keeping things running smoothly has been extreme. Some have been happy with the support they received from the broker-dealer. Others may not be as thankful as they would have hoped to be. And still, others are not satisfied and are look...

Over the past few years, there’s been a strong focus on the movement toward independence and breaking free from wirehouses and broker-dealers to opt for the RIA route. Headline after headline touts this rush towards independence and the so-called, great migration of advisors leaving their big-name firms for RIAs. But is that just a storyline? Remember, with those headlines comes all the money that...

2022 has been a year riddled with storms and adverse conditions, and not just in terms of the actual weather. While we have seen some major storms over the last number of months, such as tropical storm Alex, there’s also been big economic “storms” in the way of market volatility and high inflation. Advisors have had a lot on their plates trying to weather these economic storms and help put their c...

Learn more at 3xequity.com/qs Halloween season is finally here. For advisors knocking on doors and seeing what other broker-dealer options are out there, going it alone may lead to getting more tricks than treats. After all, finding the best broker-dealer for your business that fills all your needs can get scary. There are so many types of offers and unique language surrounding those offers that t...

MOVING BEYOND DIY Do-It-Yourself vs Having Critical Help Finding Efficiency… Getting Results Up-to-Date Information and Insights Do-It-Yourself, or DIY, became a big hit during the height of the pandemic while most of the world was sticking to the confines of their homes. People were taking to social media and YouTube to figure out how to tackle projects they may have otherwise outsourced or broug...

Fall is officially in full swing and while the weather may not be fully turning yet, the hustle and bustle of the season have taken their full effect. With the world returning to some semblance of normal, the quieter days of covid, quarantine, and working from home are behind us. Add to the mix the current market conditions we’ve been going through, and this Fall is starting off even busier than e...

www.3xequity.com/qs We’ve returned to “normal” or at least our new normal after going through the height of COVID that saw most Americans working from the confines of their homes. But as people start heading back into the office comes the new debate on the best work environment. Should employees be expected to go into the office full time or is a hybrid model the best option? There’s no good answe...