Commonwealth Launches Enhanced Support Offering for Breakaways Commonwealth’s new Business Consulting Services will provide dedicated transition support for advisors leaving the wirehouses to go independent.
Waltham, Mass.–based independent broker/dealer Commonwealth Financial Network has introduced a new offering to help lure breakaway brokers out of the wirehouses. Business Consulting Services, as the firm calls it, will be a suite of offerings to provide a so-called “soft landing” for employee advisors as they transition into owning and running a business as an independent.
“Going from a wirehouse to independent and having those entrepreneurial responsibilities is a headache and a big learning curve for them,” said Jonathan Henschen, president of the recruiting firm Henschen & Associates in Marine on St. Croix, Minn. “So anything broker/dealers can do to diminish those insecurities and diminish the learning curve it only makes sense.”
Integrated Advisors Network Builds Out Pathway for Breakaways RIA support platform Integrated Advisors Network has acquired consultants ReDefine Independent Advisors in an effort to build out a more dedicated offering for breakaway wirehouse advisors.
Integrated Advisors Network, a Palos Verdes, Calif.-based support platform for registered investment advisors, has acquired ReDefine Independent Advisors, an RIA consulting firm, to build out a dedicated offering for breakaway advisors. As part of the deal, the firm has named ReDefine CEO Jason Inglis as its new president.
Since Integrated Advisors Network, an SEC-registered RIA, was launched in 2015, it has been getting the majority of its business through referrals from the custodians, including Fidelity, Schwab and TD Ameritrade, Inglis said. The firm was not having much luck with wirehouse advisors. Although he didn’t come out a wirehouse himself, Inglis has experience helping wirehouse advisors transition to running a
Integrated Advisors Network Enhances Platform for Breakaways with Acquisition
Integrated s Advisor Solutions Platform offers financial advisors the technology, services, and support needed to operate a successful and compliant independent advisory practice
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PALOS VERDES, Calif., Jan. 7, 2021 /PRNewswire/ Integrated Advisors Network, a SEC-registered investment advisor, announced today that they have bolstered their already robust capabilities by acquiring ReDefine Independent Advisors, an RIA consulting firm specializing in transitioning breakaway wirehouse advisors. The acquisition will empower Integrated to attract a much wider array of financial advisors to their burgeoning Advisor Solutions Platform.
Jason F. Inglis, President - Integrated Advisors Network