We live in an era of unprecedented flexibility and opportunity for financial advisors. Advisors seeking independence from the cookie-cutter, one-size-fits-all management culture of the wirehouse now have the freedom to truly customize their practice to meet their clients’ needs. Advisors can maximize their own preferences surrounding firm culture and work-life balance, and create new opportunities to grow and sustainably scale their practices.
However, with all of this choice, it can be difficult for advisors focused on growing client wealth to fully understand and take advantage of the breadth of opportunities available.
That’s where a great financial advisor recruiter comes in. Rather than simply focusing on finding an available placement, a truly great financial advisor recruiter is a consultant, business partner, and counselor all rolled into one, helping you establish, scale, and grow your business over time. Learn more about how a financial advisor recruiter can help you maximize your RIA firm or brokerage’s potential.
Your Financial Advisor Recruiter Can Help You To Hit The Ground Running
As you prepare to leave the wirehouse to establish an independent RIA or broker-dealer firm, a financial advisor recruiter is an essential partner. As an advisor, you likely have a lot of great ideas about what works and what doesn’t in the wirehouse model. But you may not be familiar with — or have the time for — the kind of research and due diligence it takes to evaluate the options available to you. There are a wealth of different potential RIA transition, communications, practice management, compliance, office space, technology, and custody solutions on the market, ranging from supportive turn-key or W2 options to total independence, and everything in between.
Evaluating these options, and finding balance that is going to suit you best, is a challenge. An experienced consultant who can point you to the best possible combination for your practice preferences, client service needs, and future growth plan. Your financial advisor recruiter can help you shape and focus your business plan, understand the potential challenges posed by current market conditions, and point you to administrative solutions and support for the complicated transition and compliance process.
At Terrana Group, over 30 years, we have been involved in over 2200 professional placements for Financial Advisors with client assets transferring to the hiring firm exceeding $67 billion dollars. We are more than recruiters, we are professional consultants committed to your long-term success.
Your Financial Advisor Recruiter Is A Resource For Growth
As your RIA or broker-dealer grows, you’ll need ongoing support to match where your business is at every stage of the growth cycle. As your practice grows, you’ll need access to the best talent to make sure that your growth is seamless and invisible to your clients. Expanding your administrative and service options and adding new advisors to your team can be a rocky process — choosing the right personnel is key.
As your consultant and recruiting partner, Terrana Group can help you to find the best personnel as you grow. We specialize in matching the right talent to the right opportunities, so we can help you to recruit for the things that matter to you, ensuring that your firm can grow in a way that maximizes your service offerings, diversity, and focuses on the practice areas that matter most to your clients. We’re here for you at every stage of your growth process. We are proud to always be considered as a great asset by our clients because of our proven expertise, many years of knowledge, and acute attention to detail.
When It Comes Time To Sell Or Merge Your Practice, Your Financial Advisor Recruiter Is Your Best Asset
When it comes time to sell your RIA or broker-dealer, maximizing your multiple is your highest priority. Selling is different for every advisor, depending on your client demographics, mix of fee-only and broker-dealer business, and the potential further growth potential for your practice. A financial advisor recruiter and consultant can help you to evaluate the value of your business, find the right partner, and broker the sale to ensure your seamless transition away from your business.
Terrana Group has helped hundreds of advisors to merge or sell their advisory practices. Our deep knowledge of the available markets, ability to identify potential partners, and experience in the sale and transition process can make it possible for you to get the maximum value from your sale or merger, all while managing the process for you.
Want to Keep the Conversation Going?
Going independent is more complicated than ever, and the right partner can make all the difference. At Terrana Group, our experienced and knowledgeable professionals welcome the opportunity to consult with you to determine the right platform for you going forward — one that satisfies your long-term objectives and is also best for your clients!
Over the course of nearly 30 years, we have helped facilitate thousands of professional placements for advisors, with client assets transferred exceeding $67 billion dollars. We have completed placements in most every major city throughout the United States, while building deep relationships with the advisory world’s most sophisticated and notable firms — including major Wall Street brokerages, most Regionals, Boutiques, Banks, Independent Broker Dealers, RIAs and Custodians. We have a broad knowledge of the deals that are currently being offered and will ensure that you are being presented with the offer which will be best for you.
Confidentiality, professionalism, and respect are essential to our practices and beliefs; we handle each and every step of the placement process with complete communication, keeping you informed while making the process smoother from beginning to end.
We are proud to always be considered as a great asset by our clients because of our proven expertise, many years of knowledge, and acute attention to detail. Financial Advisor Recruiting Services are not all created equal; we guarantee that the TG experience for clients and candidates is always world class.
We are based in Chicago, with a nationwide reach. Let us know you are interested by contacting us today. To get the conversation started, email info@terranagroup.com or give us a call at 312.655.8380 today.
