First Allied Securities, Inc., a leading independent broker/dealer, has launched a hybrid business model designed to create a cost-, time-, and technologically efficient environment for the dually registered advisor.
First Allied, based in San Diego, says it created this comprehensive solution to “provide advisors with the ability to combine traditional commission-based and fee-based business and construct the most appropriate portfolios for their clients”. The solution gives advisors independence from proprietary products and gives them access to “a universe of investment choices, including world-class investment managers.”
Adam Antoniades, president and CEO of First Allied, explains, “In order to succeed, a hybrid business model must provide the advisor with tools to efficiently manage the issues of integration, compliance and supervision. Our hybrid model is characterized by an open architecture that allows us to continually add capabilities and scalable solutions that give advisors even more choices and flexibility.”
To help its advisors achieve long-term success, First Allied elected to utilize the outsourcing solutions from Pershing LLC and its affiliate, Pershing Advisor Solutions LLC, according to Vere Reynolds-Hale, SVP of First Allied’s Financial Services Group.