What To Look For In
A Broker-Dealer Partner
In many instances, a financial advisor may want to consider partnering with a broker-dealer to assist with the transition to a fee-based practice. A broker-dealer can provide a wealth of expertise, resources and support.
Here are six of the most important considerations in selecting a broker-dealer:
Account Reporting Capability–The broker-dealer must be capable of producing sophisticated performance reports. This includes the required quarterly updates for clients and analyses for the advisor.
Technology–The latest in technology and software support, including monitoring and managing assets and online access to client account information.