37 min
Ep 070: Brian Hamburger: Navigating the Complexities of Transitioning to Independence The Evolving Advisor Podcast
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- Investing
In this episode, Jeff and Brian discuss:
The employment landscape in financial advising.
Escaping a captive work model.
The biggest benefits and risks in transitioning out of a firm.
Managing compliance.
Key Takeaways:
There is no indentured servitude. Anyone in a captive work model is able to leave, but you need to understand the risks and plan accordingly.
States and firms will vary on what is allowed during an exit or transition.
Have a plan and stick to that plan. People are the greatest risk to a plan because they are likely to deviate from those solid plans.
You need someone objective to look at your business to avoid conflict of interest and close the risk gaps.
"As transitions get larger and more complex with more people involved, it's really important to ensure that everyone is operating in lockstep and in alignment with one another because the success or failure of these transitions is often determined by the weakest link." — Brian Hamburger
Connect with Brian Hamburger:
Website: https://marketcounsel.com/
Website: https://hamburgerlaw.com/
Website: https://about.me/hdelux
LinkedIn: https://www.linkedin.com/in/hamburger/
Twitter: https://twitter.com/HDelux
Twitter: https://twitter.com/MarketCounsel
Connect with Jeffrey Concepcion:
Website: https://www.stratoswealthpartners.com
Contact: https://www.stratoswealthpartners.com/contact
Twitter: https://twitter.com/Stratos_Wealth
Facebook: https://www.facebook.com/stratoswealthpartners
LinkedIn: https://www.linkedin.com/in/jeffconcepcion1/
In this episode, Jeff and Brian discuss:
The employment landscape in financial advising.
Escaping a captive work model.
The biggest benefits and risks in transitioning out of a firm.
Managing compliance.
Key Takeaways:
There is no indentured servitude. Anyone in a captive work model is able to leave, but you need to understand the risks and plan accordingly.
States and firms will vary on what is allowed during an exit or transition.
Have a plan and stick to that plan. People are the greatest risk to a plan because they are likely to deviate from those solid plans.
You need someone objective to look at your business to avoid conflict of interest and close the risk gaps.
"As transitions get larger and more complex with more people involved, it's really important to ensure that everyone is operating in lockstep and in alignment with one another because the success or failure of these transitions is often determined by the weakest link." — Brian Hamburger
Connect with Brian Hamburger:
Website: https://marketcounsel.com/
Website: https://hamburgerlaw.com/
Website: https://about.me/hdelux
LinkedIn: https://www.linkedin.com/in/hamburger/
Twitter: https://twitter.com/HDelux
Twitter: https://twitter.com/MarketCounsel
Connect with Jeffrey Concepcion:
Website: https://www.stratoswealthpartners.com
Contact: https://www.stratoswealthpartners.com/contact
Twitter: https://twitter.com/Stratos_Wealth
Facebook: https://www.facebook.com/stratoswealthpartners
LinkedIn: https://www.linkedin.com/in/jeffconcepcion1/
37 min