Concert Wealth Management doesn’t want to be just like HighTower Advisors or Focus Financial Partners. So the firm isn’t offering ownership shares. But it is offering to pay some up-front costs and may offer small loans. It also offers compliance, technology and back-office services. And it is offering so-called “managing directors” of its offices a 20% share in overall office profits. The cost for all this is a payout share ranging from 30% to 5%.
No doubt, advisers now have as many flavors for transition as Baskin Robbins has ice cream flavors! The trick is to pick the right flavor. Eccleston Law’s transition services for brokers and investment advisers include lift outs, buy-side advice and sell-side advice, coupled with strategic consulting, contract review and negotiation. Contact us to determine which flavor is your favorite!
FinancialCounsel.com, hosted by James J. Eccleston, is a companion website to this blog, along with EcclestonLaw.com. It contains complementary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 
