Firm Transitions with Corey Walen

Navigating the "Arms Race" - Compensation Trends Driving Advisor Moves, with Jeff Nash (025)

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Jeff Nash, my business partner and the CEO and Co-Founder of Bridgework Strategies, joined me for a deep dive into the transition economics taking place throughout the industry.

Highlights of our conversation:

  • This has been one of the biggest recruiting years ever in the industry due to strong economics and an "arms race" of firms upping compensation packages.
  • There has been significant broker dealer consolidation over the past few years, with only 12 of the top 30 broker dealers from 2017 remaining under the same name.
  • Firms are able to afford higher compensation by leveraging high interest rates and profitability to invest in growth through recruiting.
  • Advisors should consider both upfront compensation and ongoing costs like platform/program fees when evaluating firms.
  • The RIA space has expanded significantly with more options for advisors compared to ongoing consolidation in the broker dealer space.
  • The "Last Transition" you'll make

    • --


    Contact & connect with me:

    Text or Call: ⁠⁠⁠⁠(908) 902 4903⁠⁠⁠⁠

    Meet: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://calendly.com/coreywalen⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/corey-walen-22a76325/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    YouTube: ⁠⁠⁠⁠⁠⁠https://www.youtube.com/@CoreyWalen⁠⁠⁠⁠⁠⁠

    Website: ⁠⁠⁠⁠https://www.coreywalen.com⁠⁠⁠⁠

    Thanks for listening!

    Corey Walen, Managing Partner, Bridgemark Strategies

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    Firm Transitions with Corey WalenBy Corey Walen
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