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Elite
15 Apr,2019
5 days Ago

Recruiting numbers for the first quarter are in and indicate that the continued trend of retail advisors moving to independent and hybrid models show no signs of slowing.

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Elite
08 Apr,2019
2 weeks Ago

As the first quarter has come to a close, industry trends are pointing toward poor Q1 financial performance, particularly at the wirehouses.

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Elite
28 Mar,2019
3 weeks Ago

You have made a transition to a new firm and all of the details are seemingly in place. You are happy with the deal you have struck with your new firm, have met your new colleagues, and are learning the ropes of the company platforms, technology, and cultural nuances. 

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Elite
26 Mar,2019
4 weeks Ago

Elite Consulting Partners Founder and CEO Frank LaRosa quoted in the OnWallStreet article.

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Elite
22 Mar,2019
4 weeks Ago

The rising power position of women in financial services should come as no surprise when viewed through the lens of not just what is right and proper, but also what makes the most business sense.

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Elite
20 Mar,2019
1 month Ago

Wirehouses are placing heavy emphasis on succession planning as of late. This is to be expected with the seemingly rotating door many wirehouses are experiencing when it comes to their advisors.

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Elite
13 Mar,2019
1 month Ago

Elite Consulting Partners, a national financial services industry transition and strategic consulting specialty firm, announced their acquisition of the New Jersey-based firm National Advisor Solutions.

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Elite
28 Feb,2019
2 months Ago

Rumors have been swirling throughout the industry that UBS may be considering the launch of an RIA platform. Though speculative in nature at this point, the prospect is certainly an interesting one and most certainly one I applaud if true.

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Elite
21 Feb,2019
2 months Ago

Elite Consulting Partners Founder & CEO, Frank LaRosa, quoted in a FinancialAdvisorIQ article discussing advisor movement.

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Elite
11 Feb,2019
2 months Ago

Read Elite Consulting Partners Founder & CEO Frank LaRosa’s latest Voices column in Financial Planning.

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Elite
30 Jan,2019
3 months Ago

Genstar Capital made news last week as reports surfaced the company is in active talks to secure a majority interest in Advisor Group from Lightyear. As of a late, Genstar has become a major player on the financial services acquisition playing field, only four months ago acquiring Cetera Financial Group for $1.72 billion dollars.

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Elite
17 Jan,2019
3 months Ago

It was a snowy Sunday, January 13th, morning in the Northeast, around 1AM when a LinkedIn post indicated the Schultz team, a Wells Fargo Private Client Group team based in Berwyn PA, was the “first to be ‘permitted’ to transition to the Wells RIA Pilot Program.

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Elite
16 Jan,2019
3 months Ago

Advisors coming off the forgivable loan deal should make it their New Year’s resolution to assess their business practices and confirm that their existing firm is in alignment with their goals and vision.

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Elite
02 Jan,2019
4 months Ago

How will Wells be able to deliver autonomy, independence, and an unsullied brand image to support their new RIA advisors when they have clearly had difficulty achieving that result in all of their other business channels?

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Elite
19 Dec,2018
4 months Ago

Elite Consulting Partners consulted the $850 million Pennsylvania-based Stonebridge team on their move from Wells Fargo FiNET to Triad and was featured recently in trade media articles on the subject.

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Elite
17 Dec,2018
4 months Ago

Whether you have spent all or part of your career at a wirehouse or retail wealth management firm, retirement or pre-retirementis an ideal time to consider a transition to independenceor even another retail firm.

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Elite
06 Dec,2018
4 months Ago

Promoting, supporting, and recruiting female advisors is not only an over-arching diversity and inclusion effort on the part of financial services firms, but is simply smart business when you consider the statistics.

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Elite
20 Nov,2018
5 months Ago

The hybrid RIA model is alive and well as its attractiveness and flexibility continues to prompt advisors to maintain an affiliation with both the corporate RIA and their independent broker-dealer partner.

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Elite
20 Nov,2018
5 months Ago

The Solo Advisor may appear to be the lone wolf of the financial services industry. As we discussed in Part 1 of this series, the rise in competition presented by multi-advisor teams, the importance of service differentiators, and the customer perception of succession planning are all posing a threat to the Solo Advisor’s ability to achieve.

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Elite
20 Nov,2018
5 months Ago

The Dodo Bird, the Tasmanian Tiger, the Woolly Mammoth – the one thing these animals have in common is that their inability to adapt, evolve, or weather change in their environment ultimately resulted in their extinction. Translate this to today’s financial services industry. The Solo Advisor appears to be on the precipice of extinction.

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Elite
20 Nov,2018
5 months Ago

The relationship between advisors and clients is changing and it is important that advisors not only understand the current playing field but prepare for the new game ahead. Recent statistics reported by the Wall Street Journal show that advisor fees are dipping below 1%, driven primarily by emerging technology and millennial customers.

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Elite
05 Oct,2018
7 months Ago

Wells Fargo is under siege from every angle and it is easy to understand why. The mountain of corporate missteps, questionable ethics, and outright fraud have resulted in a series of investigations and fines for the once storied wirehouse, the ramifications of which have yet to be fully realized.

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Elite
03 Oct,2018
7 months Ago

Frank LaRosa, Elite Consulting Partners Founder/CEO, pens the OnWallStreet Voices column, “Why UBS is smart for not changing its compensation plan”

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Elite
14 Sep,2018
7 months Ago

LPL Financial wants to have it all and that, as it turns out, just may be its Achilles heel. The missteps by the nation’s number one broker dealer have their roots in 2017.

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Elite
13 Sep,2018
7 months Ago

Raymond James welcomed financial advisors Thomas O’Neill, Jessica O’Neill, CFP®, and Thomas O’Neill Jr. to Raymond James & Associates (RJA) – the firm’s traditional employee broker/dealer – in Mount Laurel, New Jersey, according to Tom Galvin, Northeast regional director for RJA.

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Elite
04 Sep,2018
8 months Ago

The financial services industry is constantly evolving and the firms committed to being successful within it must be equally change resilient.

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Elite
27 Aug,2018
8 months Ago

The financial services industry is changing, as evidenced by numerous data points released in the 2018 FINRA Industry Snapshot. Among the report’s statistical highlights, industry-wide topline growth rose a remarkable 14% over the past two years to $309 billion.

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Elite
17 Aug,2018
8 months Ago

Change is on the horizon for the financial services industry and it is arriving in the form of technological advancement. Seemingly futuristic financial technology upgrades are either currently available or on the horizon including face recognition CRM software, distributed ledger technology, and robo-advice platforms.

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Elite
15 Aug,2018
8 months Ago

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.

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Elite
02 Aug,2018
9 months Ago

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.

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Elite
26 Jul,2018
9 months Ago

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.

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Elite
21 Jul,2018
9 months Ago

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

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Elite
18 Jul,2018
9 months Ago

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.

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Elite
14 Jul,2018
9 months Ago

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.

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Elite
05 Jul,2018
10 months Ago

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.

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Elite
02 Jul,2018
10 months Ago

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.

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Elite
25 Jun,2018
10 months Ago

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”

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Elite
20 Jun,2018
10 months Ago

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.

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Elite
15 Jun,2018
10 months Ago

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.

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Elite
13 Jun,2018
10 months Ago

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.

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Elite
07 Jun,2018
11 months Ago

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.

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Elite
31 May,2018
11 months Ago

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

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Elite
24 May,2018
11 months Ago

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

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Elite
22 May,2018
11 months Ago

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

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Elite
14 May,2018
11 months Ago

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.

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Elite
04 May,2018
12 months Ago

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.

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Elite
26 Apr,2018
12 months Ago

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.

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Elite
16 Apr,2018
1 year Ago

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

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Elite
13 Apr,2018
1 year Ago

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.

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Elite
10 Apr,2018
1 year Ago

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

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Elite
02 Apr,2018
1 year Ago

‘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.

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Elite
22 Mar,2018
1 year Ago

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.

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Elite
21 Mar,2018
1 year Ago

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.

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Elite
09 Mar,2018
1 year Ago

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.

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Elite
27 Feb,2018
1 year Ago

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?

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Elite
23 Feb,2018
1 year Ago

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.

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Elite
13 Feb,2018
1 year Ago

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

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Elite
06 Feb,2018
1 year Ago

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.

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Elite
01 Feb,2018
1 year Ago

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.

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Elite
23 Jan,2018
1 year Ago

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

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Elite
22 Aug,2016
3 years Ago

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

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Elite
22 Dec,2015
3 years Ago

In 2015, more advisors than ever are going independent.

A report from the Aite Group shows that independent houses have grown 110%, as opposed

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Elite
11 Jul,2014
5 years Ago

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

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Elite
31 Mar,2013
6 years Ago

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

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Elite
27 Mar,2013
6 years Ago

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

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Elite
07 Oct,2012
7 years Ago

The two heavyweights of the wirehouse world are going toe-to-toe.

Bank of America Merrill Lynch and Morgan Stanley Wealth Management

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Elite
04 Oct,2012
7 years Ago

The two heavyweights of the wirehouse world are going toe-to-toe.

Bank of America Merrill Lynch and Morgan Stanley Wealth Management,

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Elite
16 Sep,2012
7 years Ago

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

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