Tortoise or Hare

When it comes to which business model–a corporate owned advisory firm or a partnership–is most appealing to investors and which to advisors, it’s clear that most advisors would prefer to build a lasting, renewable, and stable business that grows slowly and steadily and produces income over time. With this in mind, I seriously doubt that advisors would have voted for investing 300% of their firm’s capital in mortgage-backed securities if they had a vote.