As we near closing the chapter of 2015 many of us will look back and reflect on our careers. How did my company do and what has it done for me lately? Did I have a successful year with clients? Were my goals and objectives reached? With recent changes am I in the best situation or environment to thrive and have continued success going forward for my clients? The questions will vary and some of these are very reminiscent of the time I spent working as a Financial Advisor.
For almost a decade I had the privilege and overwhelming responsibility of advising people on and managing their financial lives. I, unlike many Financial Advisors, had the opportunity to work in a bank setting, for two large wirehouses, and as an independent. In an effort to continuously provide my clients with the best possible experience and my family with stability I found myself making a decision to transition my book of business twice. There were advantages and disadvantages to all three avenues but looking back there was clearly one thing missing from my moves. An Advisor for me.
Transition, Transition, Transition
In making a decision to transition my book there were obviously many things to consider. The firm, products, resources, tools, support, pay out grid, technology, marketing, fees, and the list goes on. Do I go with a bank channel, a wirehouse, become independent or go with an RIA? How do I know which one is better for my clients? However, the most crucial of all of these was the transition of my book. With all the due diligence I had done on my own I wish I would have had an objective third party Advisor to help me truly compare apples to apples in regards to one of the biggest decisions I could make in my career. As the old saying goes in real estate, it’s location, location, location. In the world of Financial Advisors it’s transition, transition, transition.
I am blessed to now be in a position where I am that non-biased, objective Advisor to Financial Advisors that I needed back then. I work with a variety of clients in all different channels across the country. I have helped many Advisors discreetly and successfully navigate through the many options they may consider to confidently make a move to the destination that’s right for their clients, themselves and their families. So as I look back on 2015 I am grateful for the work I get to do every day and the opportunity to help people with vastly important career decisions. As far as 2016 goes, I am excited to see what the New Year brings God willing. What does 2016 look like for you?