Advisors Can Use An Investor Friendly Approach To Help Move Their Books To A New Firm

The idea for my latest article just hit me one day as I was helping one advisor transition his business to a neighboring wirehouse and was working with another who had opted to join a regional firm. We were discussing strategies to get clients excited about their moves. I shared with them a technique  that I’ve been recommending  to advisors for years.

The time-honored approach for an advisor who has switched firms is to highlight the benefits of the new firm’s platform. Advisors explain how they can service their client’s accounts better at the new firm. That’s of course, still a good idea.

However, there’s another approach that can also be very effective. If appropriate, advisors can use the financials of their new firm — especially data on the stock’s  market cap, stock price appreciation rate, etc., to generate excitement about the firm that they’ve chosen.

I’ve included specific examples of numbers that can be used to get clients pumped up about moves to wirehouses, regionals, and independent firms.

Here’s the article:

An Investor Friendly Way To Switch Broker Dealers: Use The Numbers

ThinkAdvisor January 13, 2015

About Mark Elzweig

I am an executive search recruiter with an inside track on financial advisors, the asset management industry, and Wall Street. My work has appeared in numerous publications including On Wall Street,AdvisorOne, and Fund Fire. Journalists regularly seek me out, so you catch my bon mots in The Wall Street Journal, Research Magazine, Reuters, and more. You can follow me on Twitter @elzweig or you can reach me directly at 212-685-7070 or
This entry was posted in Uncategorized and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s