A buddy of mine that works with a Merrill Team in my city said they’re jumping to go to LPL - got paid a pretty substantial deal and now have full ownership of their book of business. They already have a buyer lined up (RIA on the LPL platform) with the opportunity to sell the practice for 12x EBITDA.

Anyone else heard stories like this? Sounds too good to be true. Feel stuck here sometimes, seeing folks go independent seems like a pipe dream

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Go to advisor hub .com and there’s plenty of stories of teams moving around with buyouts. It is a part of the game but only for the bigger fish

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