$180MM AUM | $1.2MM GDC in
Cary, NC

LPL Advisors - WE BUY UGLY partial BOOKS. Raising account minimums? Dropping commission work altogether? Downsizing your book to build a lifestyle practice? Consolidating state licensing and need a home for those unprofitable relationships? Are you considering LPL Partial Book Sales but their denial of older folks and smaller accounts defeats the purpose of the exercise? Consultants have suggested periodic purges since the beginning of time but never seem to have a clean answer for "how" to get that job done.

"I want this account off my books but I don't want them solicited either" - We have two rep codes set up to receive these accounts. One is completely hands off - we only service in response to customer requests. If there is something identified as an area for dramatic improvement - we will seek your approval before soliciting. While the other rep code is open for active service, these are understood to be largely inactive relationships that will likely stay that way.

WE HAVE DONE $80M of "spring cleaning" transactions. We will match LPL's partial book offers while also taking the older, undocumented and smaller accounts they won't - giving you the full purge you value. Having already gone through this process, we have the contracts, licensing and appointments ironed out for a smooth transition. We are fortunate to have the scale to hire an associate advisor (CFP) to work these accounts and hope to leverage that which we have already built. This increased capacity positions us for future continuity/succession plan activations or full acquisitions down the road.

One signature makes brokerage transfers within LPL quick and easy with no client approval necessary. Annuities may have additional appointment and potentially assignment at the carrier level to fully change the advisor of record. It can be quite difficult to get carriers to appoint advisors to SERVICE contracts unless you already have SALES with them. What good does it do to transfer the account if your name still shows on the annuity statements to the client? We have fought this battle and have our appointments in place for most major carriers.

And if you have read this far you, please heed this advice. Get an F467 on file! We will co-sign for the maximum of 50% of brokerage revenue for five years to your beneficiaries. This document is FREE and can be over-ridden at any time you find a different continuity partner. We are happy to discuss advisory continuity which can be more involved but AT MINIMUM get your brokerage revenue protected TODAY.