I'm leaving an insurance bd. Confused as to whether I create IRA and partner w BD as hybrid, or join indie bd for hybrid . Payouts net of fees/grid similar from what I've seen. Help!!

likehelpful
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Leaving for control of expenses,branding,don't agree with direction of current firm (integrated grid with insurance production). I have team of 4 admins, manage own portfolios. $110M advisory, $12M VA, $40M brokerage (could convert half to managed). Perfect practice: take care of clients. No worries about grid changes. More control and flexibility. We run Mutual funds, ETF'S primarily.

likehelpful

Assets? How much is insurance/insurance products and how much investment assets? Why are you leaving and what would your perfect practice look like?

helpful

What custodian would you like to use for your managed assets? Schwab, TDA, TCA? Finding a low cost solution with great trading tools may be a good next step.

helpful

I left an insurance B/D for hybrid independent model and am happy to share what we learned. meggar@focused-Advisors.com

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Did you make a move or are you still looking at your options?

like

Have a look at Third Seven Advisors, based out of NYC but have a national offering. Access to curated direct investments (both late and early stage), branding and marketing team and concierge relationships to help you differentiate yourself. There is so much that they have to offer and the best tech around as the leverage it all out of the family office space, so less restrictions and more customization, with all the same integrations. You can custody at Pershing/TD/CS/TCA/fidelity. Brand as TSA or build your own brand. Honestly, the options are endless. Call Matt on 9174036284 for a quick chat or email fotheringham@thirdsevenadvisors.com to get some more info

You still looking for answers.

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