Merrill Gets Booted From The Adult’s Recruiting Table

Bank of America reportedly has booted Merrill Lynch from the “adult recruiting table” where recruiters compete for the “best and biggest” advisors in the industry. The Step-Mother Bank has reseated Mother Merrill at the “kids table” to seek out and recruit only junior level advisors and trainees. AdvisorHUB broke the story that beginning June 1st of this […]
Read More

Where Are The Largest Recruiting Bonuses Now?

With Merrill Lynch and UBS removing themselves from the recruiting big boys table what are the best recruiting deals being offered to top advisors right now? To get this out of the way, most advisors we work with don’t switch firms primarily based on dollars.  However, the Financial Advisors we work with are indeed Financial […]
Read More

5 Advisor Contingency Plans

A contingency plan is an agreement between two or more advisors designed to protect your business in case of your death, disability (temporary or permanent), loss of license, and possibly even retirement (although most plans do not deal with succession planning). A contingency plan has two main priorities: 1) Ensuring that your business and clients […]
Read More

What Written Signatures Reveal About You And Your Clients

What does a signature say about you and your clients? Illegible letters = Quick mind, mental agility Legible = Open and straightforward person Easy to read first name but hard to read last name = Places importance on personal accomplishments, and easily approachable No underline = Prefers to let personal achievements speak for themselves Underline = […]
Read More

Wirehouse Advisors: Financially Advising Yourself

Wirehouse advisors represent most of the biggest producers in the industry primarily because they do a great job at helping their clients preserve and grow assets, helping them prepare for retirement. We encourage you to financially advise yourself with the same fervor you give your clients. You’re worth it. 3 ways to drastically increase an […]
Read More

Wirehouse Advisors: What Are You really Getting Paid?

Wirehouse advisors deal with complex payout grids and bonuses that can make it difficult for advisors to determine what their true grid payout. Our experience is that wirehouse advisors are typically making less than they think. Not hitting new asset bonus awards, haircuts, paying your CSA, and other factors add up and decreases your net […]
Read More

No Succession Plan? No Problem. Maybe…

It has been widely reported that the vast majority, 60% to 70% of Financial Advisors, do not have a succession plan. Advisors with a well thought out succession plan can increase the value of their firm and make the transfer process much smoother. While Advisorbox encourages advisors to plan for succession for both their benefit […]
Read More

Survey: Times Are Good For Small Business Owners

Business owners are more optimistic than any time in the eight year history of the U.S. Bank Small Business Annual Survey. Key Survey Findings: Owners are seeing revenue growth, preparing for capital investments and modestly adding staff, even though 61 percent report having difficulty finding quality employees. The positive sentiment is exemplified by the owners’ self-assessment: […]
Read More

2017 Starts With Record Quarter of RIA M&A Activity

DeVoe & Company released their RIA Deal Book for Q1. Key findings: Q1 2017 was the most active quarter ever for mergers and acquisitions in the RIA industry. 29% increase in RIA M&A Q1 activity year-over-year. Q1 heavy activity continues the blistering M&A pace the RIA industry has seen over the last 3 years. 50% […]
Read More