Behind The Breakaway

In this episode of Behind the Breakaway, we discuss the emerging trend of financial advisors breaking away from RIA employment to achieve greater independence. We explore the motivations behind this move, the differences between breaking away from broker-dealers and RIAs, and the challenges and advantages involved in such transitions. We also touch on the value of owning one’s book of business and the opportunities offered by Uptick Partners. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website [https://uptickpartners.com/] Legal Disclosures [https://uptickpartners.com/disclosures/] -- Sign up for Uptick's Newsletter [BBMonthly.com]

In this episode, we discuss the breaking news of LPL Financial's acquisition of Commonwealth. Jason Wenk, CEO and Founder of Altruist, joins the Behind the Breakaway podcast to share his perspectives on the merger's impact on the financial services industry, particularly for Commonwealth advisors. We also delve into the challenges that Commonwealth advisors might face with technology and platform changes and explore the broader implications for the wealth management sector. Tune in for an insightful conversation about the future of financial advisory firms and the evolving landscape of financial technology. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly [BBMonthly.com]

In this episode of Behind the Breakaway, we discuss the challenges faced when transitioning from a captive broker-dealer to an RIA firm, particularly focusing on the emotional and mental hurdles. We tackle the common concern of losing key clients during the transition and offer insights on how to stay mentally resilient. They also discuss the unexpected client responses and the importance of building a client base that truly values their services. This conversation aims to empower advisors to embrace the transition confidently and build a stronger, more engaged clientele. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly [BBMonthly.com]

In this episode, we delve into a recent lawsuit between Edward Jones and Commonwealth Financial, and we discuss the challenges advisors face when breaking away from captive broker-dealer firms. We also explore effective strategies for transitioning clients using social media and highlights the benefits of seeking guidance from experienced firms like Uptick Partners. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly

In this episode, we discuss what's in our plans for 2025 and 2026 as well as more on the process of leaving a captive broker dealer firm for RIA independence, focusing on Uptick Partners' Guarantee. We highlight the benefits of going RIA over choosing the Independent Broker Dealer (IBD) channel, addressing common advisor concerns, potential for higher payouts, and long-term growth. The episode also covers the limitations of being tied to one custodian, the possibilities unlocked by multi-custodial options, and how better economics can boost an advisor's business. Tune in to understand why RIA independence might be the right path for you. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly

In this episode, we debunk the myth that transitioning financial advisors need a massive back office. We explain how many back office tasks are already handled by custodians like Schwab, Pershing, or Fidelity, making additional back office support often unnecessary. We cover the inefficiencies and potential complications introduced when involving middlemen, the misconceptions advisors face when leaving captive broker dealer firms, and how large aggregator firms' back office models may not offer the intended efficiencies. We emphasize the importance of advisor independence, and encourage stepping away from costly and inefficient structures to truly capitalize on the benefits of the RIA model. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly

In this episode, we are excited to introduce Uptick's Transition Guarantee, recently highlighted in a wealthmanagement.com interview. We discuss how this innovative approach can help advisors feel more confident in transitioning clients from captive broker dealer firms to RIA independence. We emphasize the importance of a solid marketing plan, client communication, and strategic support to ensure a smooth and successful transition. Tune in to learn how Uptick's unique offering aims to get advisors back to 100% of their revenue more swiftly and securely. Check out the full WealthManagement.com article here: Uptick Partners Launches Guarantee Program for Partner Firms For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/ -- Sign up for Uptick's Newsletter: Bridge Builder Monthly

In this episode, we discuss the transformative impact of AI and data analytics on financial advising. Highlighting an article from FinancialAdvisorsIQ of Edward Jones's significant use of AI, we explore how these technologies anticipate client behaviors, enhance advisor productivity, and predict advisor departures. Our conversation includes the challenges and proactive measures for breakaway advisors, emphasizing the importance of making strategic decisions early on. We also examine how tools like Finny match clients and advisors based on values, and how Uptick Partners supports advisors in achieving independence. This episode provides critical insights for financial advisors navigating the future of advisor-client interactions and the RIA transition. FinancialAdvisorsIQ - EJ AI Play?  For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/

In this episode, we announce the launch of our new book, 'Bridge Builder Path to Independence,' aimed at advisors considering leaving their captive broker dealer firms for RIA independence. We discuss the importance of understanding RIA independence, the benefits of skipping the IBD channel, and how the book condenses years of knowledge into an insightful read. The episode dives into the evolving technological landscape, the rising trend of RIA adoption, and the value of having more control over investment options. This episode is a must-listen for advisors pondering the shift towards true business ownership. Contact us if you are interested in receiving a free copy of our book or purchase it on Amazon!  -- For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/ Legal Disclosures https://uptickpartners.com/disclosures/

In this episode, we share our experience of assisting an Uptick Partner firm in transitioning from a captive broker dealer to becoming an independent Registered Investment Advisor (RIA). We discuss the challenges, surprises, and critical steps involved in a successful transition. We provide insights on managing paperwork, setting client expectations, and leveraging marketing strategies like Facebook ads and digital billboards. We emphasize the importance of preparation and support for achieving a high rate of client retention during the transition. For advisors contemplating independence, Uptick Partners offers expertise and a white-glove service to ensure a smooth and efficient transition. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/   Legal Disclosures https://uptickpartners.com/disclosures/

In this episode, we discuss a news article highlighting the shift of advisors from Independent Broker Dealers (IBD) directly to the Registered Investment Advisor (RIA) channel as reported by Bernie Clark of Charles Schwab. The episode explores why advisors are bypassing the IBD channel, the benefits of the RIA model, and the industry changes driving this movement. We provide a candid conversation about the advantages and considerations for advisors contemplating this transition and offer their expertise to help guide those exploring RIA independence. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/   Legal Disclosures https://uptickpartners.com/disclosures/ --- Financial Advisors IQ Article - RIA Channel a Growing Sore Spot for IBDs: Schwab's Bernie Clark

In this episode, we explore the impacts on commissioned businesses when transitioning from a captive broker dealer to a fee-only RIA. We provide insights into share class conversions, annuity policies, 529 plans, and the necessary paperwork associated with these changes. This episode offers practical advice for financial advisors looking to make a smooth transition into the world of RIA Independence. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website https://uptickpartners.com/   Legal Disclosures https://uptickpartners.com/disclosures/

In this episode, we delve into the importance and functions of a back office when transitioning from a captive broker dealer to an RIA. We explore misconceptions about needing a large back office for efficiency and discuss the services required for a smooth transition. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures

In this episode, we tackle the challenge of explaining the term 'Registered Investment Advisor' (RIA) to clients, especially those unfamiliar with the concept. They delve into the nuances of breaking away from captive broker-dealers and offer strategies for turning these discussions into positive, informative interactions. The conversation highlights how to convey the advantages of going independent and maintaining client trust during the transition. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures

In this episode, Jason Barber interviews Matt Cole, CEO & CIO of Strive Asset Management, to discuss the importance of culture in financial firms and the motivations behind career transitions to pursue purpose-driven missions. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures --- For more information about Strive visit: Strivefunds.com

In this episode, we explore the different pathways and considerations for financial advisors considering the breakaway movement, from being an employee to going fully independent, including the roles of private equity and owning one's ADV in achieving true independence. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures

In this episode, we discuss what to expect when engaging with Uptick Partners as you're navigating the breakaway from your captive broker-dealer. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures -- Check out the @DiamondconsultantsNJ podcast

In this episode, we discuss the good and bad of various custodians, and how choosing the right custodian for your specific situation can lead to more assets successfully moved during your breakaway. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures

In this episode, we talk about the advantage of owning your own book of business in the RIA space and when it comes to risk mitigation, business valuation, and succession planning. For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures  

In this episode, we try to bring some transparency and clarity to what breakaway advisors should expect their payout to be in the RIA space and what Uptick Partners provides their partner firms!  For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures  

In this episode, we talk about the importance of taking a full measure when it comes to your breakaway to independence and why "Don't Move Your Book Twice" advice is so important.  Listen as we discuss the reasons why so many advisors are leaving the IBD channel for RIA independence and why that matters to you! For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures  

In this episode, we answer the question "Do I need a Broker-Dealer?" and the answer might surprise you!  Listen as we discuss the benefits of going Fee-Only, and not only for you, but for your clients and your future growth!  For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures  

In this episode, we walk through our Transition Day experience.  Listen as we talk about details you won't  hear anywhere else and dive into what you should expect when you transition your business!  For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com.  And by the way, this is not legal advice.  Visit Our Website Legal Disclosures  

In this episode, we answer the biggest question every advisor has when thinking about leaving their current firm, "Will My Clients Follow Me?".  Listen as we talk about our own experience in transitioning clients and what you should expect with your business!  For more information about Uptick Partners and how we can help you in your breakaway journey learn more about the RIA world, visit us at UptickPartners.com. Visit Our Website Legal Disclosures