top tips for aspiring independent brokers
Download
Skip this Video
Download Presentation
Top Tips For Aspiring In Dependent Brokers

Loading in 2 Seconds...

play fullscreen
1 / 28

Top Tips For Aspiring In Dependent Brokers - PowerPoint PPT Presentation


  • 104 Views
  • Uploaded on

We are real estate agents specializing in High Rise Condos. We help literally hundreds of high rise & loft condominium buyers, sellers, renters and landlords. You can reach us at (480) 510-8755 or visit our website at www.weknowurban.com.\n\nWill Daly, Broker\nWe Know Urban Realty, LLC\n834 E Claremont Street, No 3\nPhoenix, AZ 85014\n(480) 510-8755\nEmail: [email protected]

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Top Tips For Aspiring In Dependent Brokers' - nellakerlaw


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
change is always s cary
Change is Always Scary

At Least at First

For financial advisors, leaving the safety of the large firms housed in the towering skyscrapers of Wall Street and starting their own consultancy may sound like an overly ambitious and herculean move.

change is always s cary1
Change is Always Scary

However, many have done it before and there’s no reason for you to not accomplish the same feat.

While it’s not a walk in the park, it’s feasible and can be highly rewarding.

slide4
The success stories involving breakaway brokers are variedand there’s not one single formula for success.
slide5
However, financial services recruiters would agree that there are certain

tried-and-tested tips

a blueprint or roadmap

that brokers can use as a guideen route to independence.

slide7
One of the things you need to do is to pinpoint the reasonwhy you want to leave your present wire house or brokerage to establish your own advisory practice.
slide8
The key is to

never second guess

the reason behind your decision.

slide9
Many times, consultants decide to leave the nest of their advisory firms and when things go awry, they feel devastated and regret their decision altogether.
slide10
If and when you decide to be an independent advisor, be 100% resolved on your choice and never question your reason for leaving.
slide11
According to the findings of the research group Aite, the most successful independent consultants left their work because of discontent.
slide12
More than half said they “broke away” because they want to have the control to choose the crème de la crème third party products.

42% said they want more freedom on how to advise their clients.

slide13
You can tap the expertise of financial advisor recruiters to help you with money matters with your transition from an in-house consultant to running your own practice.
slide15
According to surveys, the start-up cost for an independent brokerage practice is somewhere between $50,000 and $100,000.

The final amount will depend on a number of things such as

  • office space
  • technology and infrastructure
  • staffing
  • branding materials
slide16
However, you should not see this as an irrecoverable expense, but rather a

capital expenditure.

slide18
According to the Aite Group research mentioned in the previous section, most breakaway brokers retain more than 75% of their clients.

This is your short-term income.

slide19
You also have to decide on a business model, usually a choice between fee-based or commission-based.

The good thing is, you don’t necessarily have to choose one over the other.

slide20
A number of independent advisors employ a hybrid business model wherein they perform dual roles:
slide22
Lastly, being an independent financial advisor has its implication on your lifestyle.

Actually, it’s more on your

personal business ethic.

slide24
This involves constantly updating your business practices based on new regulations and policies.

Adhering to impartial fiduciary standards is non-negotiable.

slide26
Professional financial services recruiterscan help you create a plan for a seamless career transition.
slide27
The financial advisor recruiters at Willis Consulting Inc.have a proven track record of helpingin-house investment consultants establish an independent advisory business with customized solutionsbased on their clients’ individual needs.
slide28
Visit

www.willis-consulting.com

to learn more

ad