Another BD has done it...it's made a decision that impacts the careers of 120 of their advisors. In this reading of our most recent article we help unpack what happened and remind advisors that they ultimately choose their destiny. Learn more at 3xEquity.com.

It’s happened again. Another broker-dealer has decided to exit a channel, leaving advisors to ponder their next move. Stifel Financial recently announced that it will sell its independent brokerage unit, Stifel Independent Advisors, to Equitable Advisors, effectively ending its run in the independent space.

That means roughly 120 advisors, many of whom built their businesses under Stifel’s banner, now face a crossroads:Do they go along with the plan and find themselves at a new firm they didn’t choose?Or do they step back and see what the broader market holds?

We have little doubt these advisors are already in high demand. Their phones are likely ringing off the hook with calls from internal recruiters and competing firms eager to get the first bite at the apple. It might feel like a nice ego boost amidst the news that the culture they carefully adopted or adapted to has shifted underneath them.

Still, this is a moment to pause. Take a breath. Step back. Whatever phrase works for you. Because what you decide in the coming weeks will shape your career for years to come.

1. You are in the driver’s seat of your own career.The firm made its decision, now it’s your turn. You control the next chapter, not the other way around.
   
2. You are desirable to a lot of firms.Quality independent advisors are in short supply, and demand is strong. Firms large and small are competing to attract talent with better technology, higher payouts, and meaningful transition support.
   
3. Your next move is a long-term decision.While it’s tempting to react quickly, especially when recruiters are eager to make things easy, this is not the moment for speed. Take the time to explore all your options before you commit.
   

Simply put, you are a free agent.

You didn’t ask for this, but the ball is in your court.

READ MORE