Financial advisors value independence for various reasons. Those working in large institutions want to explore the experience of independence and provide to their clients the advice they feel is best. Unfortunately, advisors who are independent often find themselves without the support system they need to best serve their clients. Moreover, they simultaneously struggle to operate and grow their businesses. In either situation, what is needed is a competitive payout and cost structure in a team environment that advances personal and professional growth while safeguarding your clients’ futures.
As our team has worked to expand our footprint, we found that many advisors want the following:
- More freedom - Financial advisors who work for large firms are often limited and restricted to proprietary investment and insurance products. These products aren’t always the best solutions for clients, and these advisors face the risk of losing the client opportunity. As an independent, you’re free to provide financial advice that serves your client best. The choice is yours whether to take a holistic financial planning approach or work as a portfolio manager.
- Opportunity to work in a boutique firm - Big firms don’t always mean you’re on your own. Boutique firms offer culture, infrastructure, training, and a personalized approach, to name a few. The daunting task of being a business owner does not mean sacrificing time to operate a successful client service model.
- Build a closer relationship with clients - Today, clients want more personalization and a holistic approach; advisors are finding gaps in this delivery. We’ve created our own financial planning process to help you assemble your clients’ financial puzzles into achievable goals. This, coupled with a team approach and implementation of robust technology, will make you a more valuable asset to your clients.
- Increased client confidence - Clients will love the fact that you’ve taken the steps to be free in how you provide financial advice. By partnering with an independent advisor, your clients can work with you and your team, implementing your advice knowing that it came from expertise - - not some endorsed firm investment recommendation or proprietary insurance product.
- Expanded depth and breadth of investment and insurance offerings - Through our broker-dealer relationship with United Planners, we are able to utilize a wide range of investments and insurance solutions. From life insurance to investment management, you can focus on sourcing for your clients the best fitting options from numerous companies you are confident in recommending.
- Personalized compliance - Compliance is designed to protect your clients, business, and reputation. We take a personal approach to ensuring your advice is in the best interest of the client. With an influx of new and updated rules, regulations, and laws, we’ve put the right people in place to help you deliver sound advice and service within the regulations of this ever-changing financial industry.
- Advisor networking and practice management - Advisors want to share successes and challenges with other advisors, collaborating to improve best practices and develop new ones. Within the United Planners network, it’s about helping each other. Continuing education, training, and practice management exists not only amongst the financial advisor family, but also through deep relationships with firm partners and vendors. They are available at our fingertips.
- Autonomy - Our broker/dealer, United Planners, operates under a limited partnership where qualifying, producing advisors are given voting rights on major decisions. General partners run day-to-day management. This gives us confidence to operate our firm and do what we do best: service our clients and grow our business. With this support system, we’ve developed structures and processes to help advisors like you do the same. We have a support system to help us facilitate our best practices with a strong team backing us in every aspect.
- Advisor Support Systems - From our redefined financial planning process to our use of technology, staffing, and a team approach, we’re equipped to help you tackle any client situation. The support team doesn’t stop at Wealth Avenue… we have a network of financial, technology, and service experts ready to step in when we need them.
- Succession Planning - You talk about retirement planning and the “what ifs” with clients day in and day out. But what about your practice? Give your clients peace of mind knowing that you’ve secured their future by planning for your own. With a team approach, you can work and grow knowing the business legacy you’re building will leave your clients worry-free. When you decide to think about your transition to retirement, you’ll have a network of advisors who can help you ride into the sunset through an outright purchase or over a period of time to your liking.
Whether you’re a sole practitioner or an advisory team looking for a change, there’s a lot we can offer. When you join Wealth Avenue, you’ll find a culture focused on delivering an exclusive level of service, support to help you grow personally and professionally, and opportunities to help client generations maintain financial independence. That’s the Wealth Avenue Advisor Experience, and it’s our commitment to you.
To learn more about joining the Wealth Avenue team, call Xerxes Nabong confidentially at (757) 394-3486 or click here to set up a confidential conversation.
