Transitioning Firms: A Costly Mistake Financial Advisors Make Way Too Often
The advisor used in this recent example was originally offered 100% of their $2 million trailing-12 revenue. But after digging into the advisor’s production reports, I discovered $200,000 in platform fees that weren’t being counted toward revenue (meaning the advisor was actually a $2.2 million producer!).
Because of this, we got the prospective firm re-underwrite the deal at the higher number, increasing the total offer by $200K, at no cost to the advisor.
This example highlights how working with a great consultant ensures you maximize your value, avoid critical oversights, and negotiate every possible detail, often leading to outcomes most recruiters or DIY advisors would miss.
If you’re a high-performing financial advisor considering a move, PLEASE utilize my non-bias expertise to help you make the most informed decision that best suits you and the future of your business. My help comes at no cost to you.
I hope this helps. Thanks for watching!
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Corey Walen, Managing Partner
Bridgemark Strategies
