I recently left the bank channel and went Indy, I’ve been successful at moving clients and assets over and am just getting started. A former bank advisor colleague has show interest in partnering up. For comparison purposes our AUM and production numbers were comparable. I did more fee based business while he did more VA and insurance business but we both have a fairly balanced product mix. What are thoughts on forming a new partnership? What should I be thinking about while having discussions?

likehelpful
Posting as :
works at
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Plan out: If this doesn't work, how will we split the 'world' between us?

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You may want to consider interviewing with an established multi-advisor Indy firm where you would 100% own the clients in your existing book as well as ones that you bring in on your own, while greatly benefiting via case sharing opportunities, advanced case planning collaboration with, as well as close proximity to ultra successful senior and seasoned advisors. Yeah, In that scenario you may have a slightly lower payout % on the face of it, but net net because no business operation expenses to speak of (e.g.: rent, commercial insurance, utilities, office equip & supplies, etc., to name a only very few. Oh yeah and the significant additional STRESS, lol!) the ultimate take home $s are in most instances greater than are when opening and running your own Indy office. We offer this scenario and our in-house reps are killing it! Look us up, we www.SFMadvisorgroup.com. We are in Orlando.

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