Recently Terminated Advisors

Elite Consulting Partners consults with financial advisors that have been recently terminated by their broker dealer…+

Retainer Fee Services

Financial advisors and independent RIA/Hybrid business owners are continually exploring options to enhance their client experience,…+

About Elite Consulting Partners

Let us help you with your next move because a good partner is critical to your success.

Elite Consulting Partners is a transition consultant, practice management, and business consulting firm focused on providing strategic advice and solutions to the financial services industry.

We offer unparalleled service, unbiased advice, and expert guidance to our advisor and corporate clients. We ensure our clients’ objectives and goals are realized during their due-diligence and transition process.

We work with many of our clients in areas concerning transitioning to a new broker-dealer, investment advisory firm, custodial platform changes, maximizing revenue ,increasing head count, and monetizing the equity within a practice or business through negotiated mergers or simple advisor recruiting deals and packages.

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Free Consultation

For Advisors On The Move

Financial advisors and RIA’s are always searching for ways to enhance their client experience, gain greater control of their practice, maximize the value of their business, and optimize their growth. These key challenges and frustrations continue to be voiced by wirehouse, independent, and RIA advisors…
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For Firms Looking to Grow

At Elite Consulting Partners, we believe your needs and the needs of your advisors are of utmost importance. Our value-add is based upon our deep understanding and relationships within the financial services ecosystem, consisting of captive and independent financial advisory firms…
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Why Elite Consulting

  • Deep Understanding & Relationships

    Our Associates have deep industry r... +
    Our Associates have deep industry relationships developed over many years. We tap into to these relationships to us deliver you the results you deserve.
    Our Associates have deep industry relationships developed over many years. We tap into to these relationships to us deliver you the results you deserve.
  • Expert Guidance

    Our advice and guidance come from d... +
    Our advice and guidance come from decades of experience in the industry. We bring that experience to the advice given to our clients.
    Our advice and guidance come from decades of experience in the industry. We bring that experience to the advice given to our clients.
  • Unparalleded Service

    Our consultative approach and proce... +
    Our consultative approach and process to a transition allows us to deliver a higher-end service experience to all of our clients. This approach helps us make every move a great success.
    Our consultative approach and process to a transition allows us to deliver a higher-end service experience to all of our clients. This approach helps us make every move a great success.
  • Considerable Time For You

    We take the extra time to get to kn... +
    We take the extra time to get to know each client and their needs. We work with clients throughout the transition process to make sure your move is successful.
    We take the extra time to get to know each client and their needs. We work with clients throughout the transition process to make sure your move is successful.
  • Superior Advice

    Our Associates have years of experi... +
    Our Associates have years of experience in the industry, and know what’s important to every one of our clients. They bring this knowledge to every relationship.
    Our Associates have years of experience in the industry, and know what’s important to every one of our clients. They bring this knowledge to every relationship.
  • Unbaised Advice

    Our goal is to deliver the very bes... +
    Our goal is to deliver the very best solutions our clients are looking for. We put your needs and goals at the forefront of every decision we make.
    Our goal is to deliver the very best solutions our clients are looking for. We put your needs and goals at the forefront of every decision we make.

Latest News

15 Aug

An Offer They Can’t Refuse: Wirehouses Release 2019 Comp Plans Early to Win Over Advisors

Wirehouse firms are scrambling for attrition solutions as more and more of their advisors show their discontent by heading for the door. Most recently, large firms have attempted to pacify their advisors in the form of early release of 2019 compensation plans.... +
2 Aug

Recruiting, Revenue, and Results: Understanding How Hiring Strategies Impact the Bottom Line

Many executives in the financial services industry, primarily in the wirehouse universe, are misguided when it comes to recruiting in that they view recruiting efforts as strictly an expense against income. This simply isn't the case if done the right way.... +
26 Jul

Land of Tomorrow – The Importance of Securing and Retaining Next Generation Clients

Financial services is facing a renaissance, and it isn't just within the firms or the regulatory bodies that govern them where we can find change. One of the most vital shifts occurring is in the customer base itself and understanding who the clients of the future will be, how they choose their financial advisors, and what drives their major financial decisions will prove to be a necessary strategic component of any successful firm.... +
21 Jul

Frank LaRosa, Elite Consulting Partners Founder and CEO, Featured in Trade Media Twice This Week

The expertise of Frank LaRosa, CEO and Founder of Elite Consulting Partners, was sourced twice this week in trade media publication OnWallStreet.... +
18 Jul

Looking Into the Future – Technology and It’s Impact on the Successful Advisor

Technology is a hot topic in financial services today as the variety of robust, dynamic, and scalable solutions available are changing the industry in every facet.... +
14 Jul

It’s All In The Numbers – Wells Fargo is Abandoned by Both Customers and Advisors

For Wells Fargo, no sentimental commercial waxing nostalgic with stage coach imagery can help them now. Although it may be hard for the executives at Wells Fargo to stomach, the downward spiral of the company is in full effect, as evidenced by recent mid-year statistical reports.... +
5 Jul

Poker Face – With Lightyear Still in the Cetera Game, What Does the Purchase of Signator Mean?

Advisor Group, a division of Lightyear Capital, announced last week that it had purchased Signator Investors Inc. from John Hancock Financial Services for $50 billion in assets. ... +
2 Jul

Mixed Messages: LPL’s Choice for President of Business Development Leaves More Questions Than Answers

The importance of hiring and retaining advisor talent is an issue at the forefront of every financial services firm as teams have seemingly played hopscotch back and forth among Wirehouses, Independents, Hybrids, and RIAs.... +
25 Jun

Frank LaRosa, Elite Consulting Partners Founder and CEO, Pens OnWallStreet Voices article “Wells Fargo leadership team misses the mark again”

Elite Consulting Partners Founder and CEO Frank LaRosa is the featured writer of the just released OnWallStreet Voices article "Wells Fargo leadership team misses the mark again"... +
20 Jun

Changing Course: The Death of the Fiduciary Rule is Forcing Large Firms to Chart a New Path; INDUSTRY PERSPECTIVES FROM FRANK LAROSA

The death of the Fiduciary Rule is all but a foregone conclusion and its demise has put large firms in a position where they must create a new roadmap for the future when it comes to internal policies and procedures. ... +
15 Jun

Technology is The New MVP of an All-Star Independent, RIA, or Hybrid Firm Team; INDUSTRY PERSPECTIVES FROM FRANK LAROSA

The playing field of financial services is changing and technology has proven to be the Most Valuable Player. At present, technology makes up around 25% of the S&P 500 and has become essential to how information is communicated, assimilated, and applied. ... +
13 Jun

The Winds of Change – Female Advisors Are Making A Real Impact Within Wealth Management; INDUSTRY PERSPECTIVES FROM FRANK LAROSA

The financial services industry is finally taking note – women are a valuable advisor employee asset and an important component of a firm’s growth potential.... +
7 Jun

Abracadabra – What Is Really Behind Wells Fargo’s Midwest Disappearing Act? ; INDUSTRY PERSPECTIVES FROM FRANK LAROSA

Wells Fargo seems to be the soap opera of the financial services industry. A disturbing, and bordering on ridiculous, series of missteps, poor business choices, and down-right fraudulent activity is the Wells Fargo status quo.... +
31 May

Easy Come Easy Go – Merrill’s New Compensation Plan May Prompt Its Advisors to Cut Their Losses and Run; INDUSTRY PERSPECTIVES FROM FRANK LaROSA

The well-publicized release of Merrill Lynch’s revamped advisor compensation plan has left the industry rumbling and Merrill advisors apprehensive. ... +
24 May

You’re Only As Good As Your Last Trade – Why HD Vest is Leaving Loyal Advisors in the Dust; INDUSTRY PERSPECTIVES FROM FRANK LaROSA

HD Vest is asking its advisors to show them the money and their advisors are delivering. In a dramatic paradigm shift in recruiting and retention philosophy, HD Vest instituted a new plan last year... +
22 May

Frank LaRosa Featured Writer for Financial Planning’s Voices Column, “Will LPL or Lightyear buy Cetera? Either way, proceed with caution”

Frank LaRosa, CEO of Elite Consulting Partners, is the featured writer of Financial Planning's Voices column, May 21, 2018. ... +
14 May

Place Your Bets: LPL Financial is Wagering That Reducing Fees Will Recruit and Retain Talent: INDUSTRY PERSPECTIVES FROM FRANK LAROSA

LPL Financial has been playing the game of The Price Is Right when it comes to their advisors and fees. It all started earlier this year when LPL announced they were lowering fees for advisors with $100 million or more on the LPL Strategic Asset Management (SAM) platform to a flat 3-point administrative fee.... +
4 May

INDUSTRY PERSPECTIVES FROM FRANK LaROSA; For Whom the Bell Tolls: Tracking the Demise of DOL Influence, How Firms Have Taken Advantage, and How Transition Will Change Once Again; This Time for the Better.

It’s becoming increasingly evident that the DOL is on life support. With outdated guidance, a lack of insight, and near zero influence seemingly ruling the day, it comes as no surprise that firms are re-evaluating their approach to DOL mandates.... +
26 Apr

Industry Perspectives by Frank LaRosa; M&A for the RIA: How a Little Planning Now Can Reap Big Rewards in the Future

Last week, DeVoe and Company released some interesting statistics related to RIA mergers & acquisitions. While the slight uptick in the first quarter of this year of 47 M&As over 46 M&As last year offers an indicator of strength, the most illuminating statistic comes when comparing who the mergers are occurring with.... +
16 Apr

Industry Perspectives by Frank LaRosa; Buyer Beware: The New 10% Wells Fargo Recruiter Deal is the Industries New B-Share.

Wells Fargo recently announced a new recruiter incentive commission to any recruiters that refer advisors to Wells Fargo. ... +
13 Apr

INDUSTRY PERSPECTIVES FROM FRANK LaROSA; Ground Control to Major Tom – Robo-Advice Technology Gains Momentum in the Financial Services Industry

Last week, UBS unveiled its Advice Advantage Platform, a service platform which allows customers to transact their business virtually with a human-assisted robo-advisor. ... +
10 Apr

Industry Perspectives from Frank LaRosa; Strength in Numbers – Statistical Trends Show the Growing Power of the RIA

An interesting statistic emerged recently from Cerulli Associates that states independent advisors will control more assets than wirehouse firms by 2020. This information comes as no surprise to our team here at Elite Consulting Partners... +
2 Apr

Industry Perspectives From Frank LaRosa – The Winds of Change Continue to Blow at Morgan Stanley

‘Fasten your seat belts, it’s going to be a bumpy ride’, might best describe life at Morgan Stanley as last week ushered in another round of dramatic leadership shifts within the organization.... +
22 Mar

Why Brokerage Firms Left the Protocol — and What Will Drive Them Back – Industry Perspectives From Frank LaRosa

We are pulling out of the protocol because we are going to put more resources back into supporting our advisors. This is the line, more or less, touted by firms like Morgan Stanley, UBS and Citigroup at the end of 2017 as they departed the Protocol for Broker Recruiting in favor of their own internal structures and incentives to retain advisors thinking of making a move.... +
21 Mar

Behind the Curtain – Industry Perspectives from Frank LaRosa; What Once Was Old Is Now New with Oppenheimer’s New Independent Model

The recent news of Oppenheimer offering an independent channel to bolster its traditional wealth management business, by tasking Derek Bruton, the former head of LPL Financials National Sales team, may not have come as a big surprise.... +
9 Mar

BEHIND THE CURTAIN – INDUSTRY PERSPECTIVES FROM FRANK LaROSA; Taking A Hard Look: Understanding the firm you are at now and where you want to go

In the financial services industry, change is the only guarantee and evaluating your practice, for your sake and that of your clients, to truly address strengths and weakness is the only way to give yourself the ability to strategically plan for ongoing success.... +
27 Feb

BEHIND THE CURTAIN- INDUSTRY PERSPECTIVES FROM FRANK LaROSA; Plug-N-Play Independence: Don’t Go It Alone

Working as an independent advisor is the career path you want to take but your concerns about turning independence from a goal to a reality are mounting. Do you have enough revenue to support such a move?... +
23 Feb

BEHIND THE CURTAIN – INDUSTRY PERSPECTIVES FROM FRANK LaROSA: Taking it Old School – Is There a Place for Transactional Advisors in Financial Services Firms Today?

Just as diversification is important to a portfolio, diversification in the types of advisors at a firm is equally important. While the industry is showing a decided shift to fee-based business or what is often considered “plain vanilla or packaged product offerings”, the fact is that commission business, investment banking, capital markets, and private placement business is not dead.... +
13 Feb

BEHIND THE CURTAIN – INDUSTRY PERSPECTIVES FROM FRANK LaROSA

You are intrigued by the prospect of going off on your own as an RIA, Hybrid, or Independent.... +
6 Feb

BEHIND THE CURTAIN – INDUSTRY PERSPECTIVES FROM FRANK LaROSA

As a young producer back in 1999, I successfully moved 90% of my clients from Prudential Securities to Smith Barney without violating any rules or regulations. Now, fast forward to 2004 when protocol came into play.... +
1 Feb

BEHIND THE CURTAIN – INDUSTRY PERSPECTIVES FROM FRANK LaROSA

Industry Trends Point to Larger Retail Firm Concerns About Advisors Going Independent It is not uncommon to hear, on a daily basis, the news of significant multimillion-dollar advisor teams leaving one of the large retail houses to embrace the benefits of going independent. ... +
23 Jan

Elite Consulting Partners Leads Transition of $1.1 Million Dollar Team from Wells Fargo FINET to Raymond James

Elite Consulting Partners Leads Transition of $1.1 Million Dollar Team from Wells Fargo FINET to Raymond James... +
22 Aug

UBS Recruits 378m Team from Morgan Stanley

UBS recruited a team from Morgan Stanley that managed approximately $378 million in client assets, a spokesman confirmed.... +
22 Dec

Is There a Culture-Cancer within Wells Fargo?

In 2015, more advisors than ever are going independent. A report from the Aite Group shows that independent houses have grown 110%, as opposed... +
11 Jul

Raymond James’ executives sees record recruiting year for top advisors.

NEW YORK (Reuters) - U.S. investment bank and brokerage firm Raymond James Financial expects 2014 to be its best... +
31 Mar

After a fast start, recruiting hits a wall

The pace of adviser movement into and out of wirehouses picked up at the beginning of this year, compared with a slow 2012,... +
27 Mar

Tax Season Keeps Advisors in Their Seats

The pace of adviser movement into and out of the wirehouses picked up at the beginning of this year compared to a slow 2012,... +
7 Oct

Morgan Stanley in Recruiting Cross-hairs

The two heavyweights of the wirehouse world are going toe-to-toe. Bank of America Merrill Lynch and Morgan Stanley Wealth Management... +
4 Oct

Recruiters Say Morgan Stanely is caught in Cross-hairs

The two heavyweights of the wirehouse world are going toe-to-toe. Bank of America Merrill Lynch and Morgan Stanley Wealth Management,... +
16 Sep

Now Work really Starts at MSSB

Morgan Stanley was widely seen as the winner in the deal announced last week to purchase Citigroup Inc.'s stake in Morgan ... +

Client Testimonials

After 20 years at Morgan Stanley, I needed to find a firm that would be the right fit for me and my clients. I would not have trusted anyone else but Frank to help me make the move. He knew exactly where I should go, and guided me every step of the way. He gave me piece of mind, and I could not have done it without him.

E.S. Morgan Stanley to UBS 25+ year veteran Corporate services business

I was terminated from Wells Fargo and did not understand how important it was to take immediate steps to land at a new firm. I was fortunate enough to have Frank on my side, who quickly helped me solidify a great offer to work in a franchise office shortly after my termination.

M.G. Terminated from Wells/Hired at Ameriprise 35+ year veteran Discretionary Advisor Practice