Zoltar Says Your Firm Will Be Gone In 10 Yrs or Your Role Will Be

Writers Note: Our Blog posts typically start in one of three ways – either as a 2-6 sentence paragraph on our website (which is 1-5 sentences too long), something which we were just dying to say on the phone call we just hung up from which means to either an advisor, a firm or a start-up fishing for free advice (aka:capital)…….& the third? We can’t even allude to it – we do do some really confidential shit here… 

This Blog post came from the first example we gave….it started as an entry on our website and wouldn’t stop growing.

As much as I have complained for decades how useless the vast majority of website builders are – the choice should be play 3 card Monty on a cardboard box at Penn Station with all that money you are about to spend on a website OR get the owner of said cards and elegant transportable mini-Macau to just draw your website on his box…. Building ones own website has turned out to be a monumental waste of efficiency….we now spend more time tinkering with our website at night than we do on catching up on emails….our website is already destined to become the Crazy Horse of the web.  If by any chance you do not get the Crazy Horse reference read about it here.

Now On To The Actual Blog Post

The look and feel of being an advisor has drastically changed in the past ten years. When we look back ten years from now it will be unrecognizable. The wirehouses have been on a systematic glacier like creep to not only minimize the advisor but concurrently to lockdown and own the advisors client absolutely. “glacier like” because their actions when looked at as they occur seem relatively innocent and “not a big deal” but when looked at cumulatively they reek of premeditation if not outright collusion.

Its not entirely their fault given that all they are trying to do is remain relevant when they see clearly that very soon they will not be. In the next decade a majority of the firms will be no more. The pandemic increased the speed of firms demise due to the massive rate of acceleration of tech adoption. We won’t even touch upon the race to zero in fees, robo-advisors, the next generation of investors that dont want a human or artificial intelligence.

So the time is RFN.

If you say you will stay at your current firm for 3-10 and retire…go ahead and get 1/2 of what the market will pay you., What business owner does that?

Your next move must be to GROW or GO.
We can help you with either or both.

I spent a lifetime in this business and walked away foolishly from a $4M book of business. Virtually EVERY ONE of the other consultants or recruiters out there have never been a broker OR they failed at being a broker or manager. I have the experience necessary to help you excel on your next step…and that does not always mean a move. In the last 10 years I have helped some of the largest financial advisors move and in doing so get the biggest transition packages ever paid. But to be clear I have also helped the smallest, terminated and first timers find their path.

It is what we do.

We are here for all of you.