# Financial Advisor Transitions > Successful financial advisors know their practice is their livelihood. We're different as lawyers, as strategic consultants, and we are different in experience. With our help, you can preserve, protect, and prosper from your practice! ## Main - [Protect Your Practice](https://www.financialadvisortransitions.com/): Successful financial advisors know their practice is their livelihood. We're different as lawyers, as strategic consultants, and we are different in experien... - [About Us](https://www.financialadvisortransitions.com/about): Whatever the next step is for your practice, ensure it remains your practice with the experienced transition consultants at Financial Advisor Transitions. - [Contact Us](https://www.financialadvisortransitions.com/contact): Your firm. Your choice. We want to help ensure that your practice and clients remain yours. Contact Financial Advisor Transitions for a consultation today. - [Frequently Asked Questions](https://www.financialadvisortransitions.com/faq): Questions and answers about financial advisor transitions explained by consultants who will help you find a position that will allow you to prosper. Didn't f... - [How Can We Help?](https://www.financialadvisortransitions.com/help): Financial Advisor Transitions will help you transition your practice in the most efficient way possible, ensuring your practice remains yours. ## Optional - [Blog: Financial Advisor Blog](https://www.financialadvisortransitions.com/blog): Catch up on the latest news updates and tips and tricks for setting up your financial advising firm for a successful transition, no matter the situation at h... - [Blog: FINRA Proposes to Maintain Business Continuity Rule](https://www.financialadvisortransitions.com/blog/finra-proposes-to-maintain-business-continuity-rule): After conducting a - [Blog: JP Morgan and Other Large Banks Delay In-Person Returns to the Office](https://www.financialadvisortransitions.com/blog/jp-morgan-and-other-large-banks-delay-inperson-returns-to-the-office-): The highly transmissible omicron variant of the COVID-19 virus has prompted many executives to reconsider having employees return to the office. - [Blog: Wells Fargo's Chief Risk Officer to Retire](https://www.financialadvisortransitions.com/blog/wells-fargos-chief-risk-officer-to-retire): Amanda Norton Wells Fargo & Co. Chief Risk Officer is resigning after four years in the position of chief risk officer. - [Blog: Morgan Stanley, Robinhood Blur Further Lines Between Self-Directed and](https://www.financialadvisortransitions.com/blog/morgan-stanley-robinhood-blur-further-lines-between-selfdirected-and-traditional-fullservice-brokerages): Morgan Stanley recently unveiled its E*Trade branding, changing the logo color to mix the parent company's light blue with its 2020-acquired self-directed ... - [Blog: "Great Resignation" Should Not Include Financial Advisors](https://www.financialadvisortransitions.com/blog/great-resignation-should-not-include-financial-advisors-): The wealth management industry is not immune to the nationwide - [Blog: Surge in RIA M&A Activity Expected to Continue in 2022](https://www.financialadvisortransitions.com/blog/surge-in-ria-ma-activity-expected-to-continue-in-2022-): In a recent survey conducted by DeVoe & Co., 63 percent of Registered Investment Advisors (RIAs) stated they expect merger-and-acquisition (M&A) activity t... - [Blog: Study Finds That Misconduct of Investment Advisers Spikes After Privat](https://www.financialadvisortransitions.com/blog/study-finds-that-misconduct-of-investment-advisers-spikes-after-private-equity-takeovers): According to a recent academic paper, advisers at registered independent advisory firms (RIAs) with private equity stakeholders are more likely to engage i... - [Blog: Wells Fargo Thanks External Recruiters](https://www.financialadvisortransitions.com/blog/wells-fargo-thanks-external-recruiters-): Wells Fargo Advisors ended 2021, thanking 27 outside recruiting firms for their - [Blog: Rockefeller Hires $9.1 million Team from Morgan Stanley](https://www.financialadvisortransitions.com/blog/rockefeller-hires-91-million-team-from-morgan-stanley-): Rockefeller Capital Management began its 2022 recruiting season by hiring a Morgan Stanley team that produced $9.1 million in annual revenue from $1.2 bill... - [Blog: 11 Phrases to Make Client Feel Important](https://www.financialadvisortransitions.com/blog/11-phrases-to-make-client-feel-important-): According to ThinkAdvisor, the following eleven phrases and concepts are vital to making clients feel important. - [Blog: UBS Launches New Platform to Target Less-Wealthy Customers](https://www.financialadvisortransitions.com/blog/ubs-launches-new-platform-to-target-lesswealthy-customers-): UBS Group AG now will service individuals with $250,000 to $2 million in investable assets. - [Blog: Average Production of Financial Advisors](https://www.financialadvisortransitions.com/blog/average-production-of-financial-advisors-): InvestmentNews reviewed company filings from the Fall to see how much annual revenue, in the form of advisory fees and sales commissions, financial advisor... - [Blog: Morgan Stanley Launches Program for Advisor Trainees and Client Associ](https://www.financialadvisortransitions.com/blog/morgan-stanley-launches-program-for-advisor-trainees-and-client-associates-): Morgan Stanley has unveiled an advisor support program that executives say - [Blog: Wells Fargo's Headcount Falls While Productivity Rises](https://www.financialadvisortransitions.com/blog/wells-fargos-headcount-falls-while-productivity-rises): According to the company's earnings report, Wells Fargo & Co's advisor count decreased by 1.5 percent over the past three months. - [Blog: FINRA Bars Former Primerica Rep](https://www.financialadvisortransitions.com/blog/finra-bars-former-primerica-rep): The Financial Industry Regulatory Authority (FINRA) has barred Michael Rene Pena. - [Blog: Alternative Investments Becoming More Creative](https://www.financialadvisortransitions.com/blog/alternative-investments-becoming-more-creative-): Research from PricewaterhouseCoopers suggests alternatives will grow significantly in the next few years. - [Blog: Wells Fargo Enters 2022 With Fewer Advisors and More Confidence](https://www.financialadvisortransitions.com/blog/wells-fargo-enters-2022-with-fewer-advisors-and-more-confidence-): According to Wells Fargo, their Wealth and Management unit lost 1,146 registered representatives from either Wells Fargo Advisors or its Private Bank over ... - [Blog: Morgan Stanley and Merrill Lynch Set Records](https://www.financialadvisortransitions.com/blog/morgan-stanley-and-merrill-lynch-set-records): Both Morgan Stanley and Merrill Lynch have set records in 2021 for asset growth and revenue growth, according to Financial Planning. - [Blog: Driving Factor Behind Rockefeller Capital's Success](https://www.financialadvisortransitions.com/blog/driving-factor-behind-rockefeller-capitals-success-): Under the leadership of Greg Fleming, Rockefeller Capital Management has rebranded, breathing new life into a family office legacy. - [Blog: Recent Hire Highlights LPL Financial's Rise in Custody Business](https://www.financialadvisortransitions.com/blog/recent-hire-highlights-lpl-financials-rise-in-custody-business-): A recent hire shows where LPL is headed in the future. - [Blog: Baird to Purchase Firm that Pioneered the "Masterplan"](https://www.financialadvisortransitions.com/blog/baird-to-purchase-firm-that-pioneered-the-masterplan-): According to Financial Planning, Baird secured an agreement to acquire a privately held wealth manager, Hefren-Tillotson. - [Blog: LPL and Commonwealth Using Asset Level to Calculate Recruiting Deals](https://www.financialadvisortransitions.com/blog/lpl-and-commonwealth-using-asset-level-to-calculate-recruiting-deals-): According to WealthManagement.com, Commonwealth Financial Network confirmed that it recently changed the way it structures deals it offers prospects as an ... - [Blog: UBS Buys Wealthfront for $1.4 Million](https://www.financialadvisortransitions.com/blog/ubs-buys-wealthfront-for-14-million-): According to AdvisorHub, UBS purchased Wealthfront, a digital wealth management platform worth more than $27 billion in assets under management. - [Blog: Stifel CEO Aims to Reach $1 trillion in Customer Assets](https://www.financialadvisortransitions.com/blog/stifel-ceo-aims-to-reach-1-trillion-in-customer-assets): Ron Kruszewski, Stifel's CEO, has set an ambitious goal of reaching $1 trillion in customer assets under management for Stifel's wealth division. - [Blog: Raymond James and Ameriprise Report Record Asset Growth](https://www.financialadvisortransitions.com/blog/raymond-james-and-ameriprise-report-record-asset-growth-): According to Investment News, Raymond James's advisors in its private client group recorded net new asset growth of $104 billion, or 11 percent, over the 1... - [Blog: CFA Exam Pass Rate Remains Close to a Record Low](https://www.financialadvisortransitions.com/blog/cfa-exam-pass-rate-remains-close-to-a-record-low): According to Financial Planning, 43 percent of candidates completed the Chartered Financial Analyst exam series. - [Blog: LPL and Edward Jones Tell Different Stories of Headcount and Profit](https://www.financialadvisortransitions.com/blog/lpl-and-edward-jones-tell-different-stories-of-headcount-and-profit): LPL and Edward Jones Tell Different Stories of Headcount and Profit - [Blog: Productivity Among Wirehouses Grow as Headcount Shrinks](https://www.financialadvisortransitions.com/blog/productivity-among-wirehouses-grow-as-headcount-shrinks-): According to a report issued by Cerulli Associates, advisor productivity, as measured by assets under management, grew year over year by 14.4 percent to $1... - [Blog: SEC Proposes New Rules for Private Fund Advisors](https://www.financialadvisortransitions.com/blog/sec-proposes-new-rules-for-private-fund-advisors): If finalized, a new proposal would implement sweeping mandates on private fund advisors. - [Blog: SEC Proposes New Rule to Address Cyber Risks](https://www.financialadvisortransitions.com/blog/sec-proposes-new-rule-to-address-cyber-risks): The Securities and Exchange Commission (SEC) released for public comment a proposed regulation that would require advisors to adopt and implement written p... - [Blog: U.S. High-Yield Rate Hits Record Low](https://www.financialadvisortransitions.com/blog/us-highyield-rate-hits-record-low--): Currently, the U.S. high-yield rate is at 0.3 percent -- the lowest it has been since 2001. - [Blog: Commonwealth Launches Coaching Program For Next-Gen Advisors](https://www.financialadvisortransitions.com/blog/commonwealth-launches-coaching-program-for-nextgen-advisors-): According to AdvisorHub, Commonwealth Financial has unveiled a year-long program for next-gen advisors. - [Blog: Wells Fargo Will Return to Office March 14](https://www.financialadvisortransitions.com/blog/wells-fargo-will-return-to-office-march-14): Wells Fargo & Co announced that it will begin bringing employees back to the office in March after several COVID-19 related delays. - [Blog: Morgan Stanley Top-Ranked Advisor "Permitted to Resign" Over Account C](https://www.financialadvisortransitions.com/blog/morgan-stanley-topranked-advisor-permitted-to-resign-over-account-coding-issues-): According to regulatory filings, Joshua P. Gully, was permitted to resign after allegations related to miscoding of trades. - [Blog: Bank of America Plans to Return to Office by March 1](https://www.financialadvisortransitions.com/blog/bank-of-america-plans-to-return-to-office-by-march-1): According to an internal memo, Bank of America (BoA) plans to have all vaccinated employees working in the office by March 1. - [Blog: Securities Regulator Charges Purshe Kaplan Over Leveraged ETF Transact](https://www.financialadvisortransitions.com/blog/securities-regulator-charges-purshe-kaplan-over-leveraged-etf-transactions-): According to an administrative complaint filed by Massachusetts securities regulators, Purshe Kaplan Sterling Investments (PKS) failed to supervise Harvest... - [Blog: Advisor Productivity Rises As Ranks Decline at Wirehouses](https://www.financialadvisortransitions.com/blog/advisor-productivity-rises-as-ranks-decline-at-wirehouses-): Wirehouse advisors are becoming more productive and more productive on average than the largest RIAs. - [Blog: Merrill Lynch Encourages Managers to Close Hiring Deficit](https://www.financialadvisortransitions.com/blog/merrill-lynch-encourages-managers-to-close-hiring-deficit): Merrill Lynch is off to a slow start in its attempts to increase recruiting and improve headcount. Merrill executives told managers the unit hired 10 advis... - [Blog: Gridline's New Alternative Platform Goes Live](https://www.financialadvisortransitions.com/blog/gridlines-new-alternative-platform-goes-live-): Gridline has announced the launch of a new digital investment platform that focuses on access to professionally managed alternative funds. Traditionally, p... - [Blog: Advisors on the Move](https://www.financialadvisortransitions.com/blog/advisors-on-the-move): Although there are many exceptions, according to Investment News, wirehouses now have largely withdrawn from the recruiting wars in favor of raising their ... - [Blog: Niche Advisor Catering to Travel Lovers](https://www.financialadvisortransitions.com/blog/niche-advisor-catering-to-travel-lovers-): Jake Northup, Founder of Experience Your Wealth, a Rhode Island-based financial planning practice that targets people similar to himself. - [Blog: Edward Jones Starts Ambitious Hiring Efforts](https://www.financialadvisortransitions.com/blog/edward-jones-starts-ambitious-hiring-efforts-): In an effort to jumpstart its hiring efforts, Edward Jones & Co. has set a target of adding 1,500 experienced advisors and trainees this year. According to... - [Blog: Investors Buy a Record $10.5 Billion in Alternative Investments](https://www.financialadvisortransitions.com/blog/investors-buy-a-record-105-billion-in-alternative-investments-): The sale of alternative investments has seen - [Blog: FINRA Warns Broker-Dealers to Steer Clear of Russian Elites Close to P](https://www.financialadvisortransitions.com/blog/finra-warns-brokerdealers-to-steer-clear-of-russian-elites-close-to-putin--): The Financial Industry Regulatory Authority (FINRA) issued a warning regarding obligations triggered due to U.S. government sanctions imposed on individual... - [Blog: Why Advisors Are Worth Their Fees](https://www.financialadvisortransitions.com/blog/why-advisors-are-worth-their-fees-): Clients are willing to pay more when they feel they are receiving good value for their money. According to ThinkAdvisor below are the top ten reasons advis... - [Blog: A 200 Year Legacy of Success: How Janney Montgomery Scott on Built a $](https://www.financialadvisortransitions.com/blog/a-200-year-legacy-of-success-how-janney-montgomery-scott-on-built-a-135b-firm-): Janney Montgomery Scott has roots dating back to 1832. According to WealthManagment.com, the firm once held the second-oldest seat on the New York Stock Ex... - [Blog: Elizabeth Warren Calls Out Wall Street for "Undermining" Russia Sancti](https://www.financialadvisortransitions.com/blog/elizabeth-warren-calls-out-wall-street-for-undermining-russia-sanctions-): According to AdvisorHub, Senator Elizabeth Warren called out JPMorgan Chase & Co. and Goldman Sachs Group Inc. following a report that the two had been pur... - [Blog: Morgan Stanley Recruiting Loan Balances Hit $3.7 Billion](https://www.financialadvisortransitions.com/blog/morgan-stanley-recruiting-loan-balances-hit-37-billion): According to AdvisorHub, recruiting loan balances soared at Morgan Stanley after its ambitious recruiting revival. According to its 10-K annual report fili... - [Blog: Wells Fargo Could Face More Consolidation in 2022](https://www.financialadvisortransitions.com/blog/wells-fargo-could-face-more-consolidation-in-2022): According to InvestmentNews, Wells Fargo & Co., is pursuing a variety of initiatives to reduce expenses and streamline its businesses. The firm's Focus rep...