Peter Rossi’s Post

When it comes to ensuring successful onboarding and smooth integration, Momentum Wealth Partners has you covered. Our Advisor and Transition Support offers comprehensive assistance, including:   Initial consultations: Starting 3-6 weeks before your transition, we plan every detail to ensure a smooth process.   Brand and marketing development: We help establish your presence with top-notch marketing materials.   Software and technology setup: Our experts provide consultation, setup, and training to keep you ahead.   Commission structure coordination: We handle the details of commission structures and documentation.   Training plans: Tailored to your needs, ensuring you’re well-prepared for every aspect of your transition.   Learn more at https://lnkd.in/eEgpCSsX.    #AdvisorSupport #SmoothTransition #BusinessGrowth #MomentumWealthPartners #Independence #MWP #FinancialAdvisors #ChartYourCourse #FinancialServices #IndependentFinancialAdvisor #morganstanley #wellsfargo #merrilllynch #ubs

➡ HERE ARE FOUR WAYS AN ADVISOR CAN IMPROVE CLIENT RETENTION THAT ADVISORS SHOULD NOT IGNORE: 1️⃣ PROVIDE GREAT SERVICE: Clients never appreciate sub-par service or feeling forgotten. Advisors must respond quickly to client communications and resolve problems immediately. Also important, advisors must have a structured client outreach program that makes sure that they communicate regularly. 2️⃣ CREATE APPROPRIATE CLIENT EXPECTATIONS: There may be no greater client disappointment than failed expectations. Advisors need to set the right expectations for clients, from investment performance to advisor-client communications. Advisors also need to learn the client's expectations to manage or meet them better. 3️⃣ WORK TO ACHIEVE MULTIPLE PRODUCT OWNERSHIP: Clients with multiple product ownership are stickier than clients with a single product relationship.The lesson? Reach out to single product ownership clients and broaden what they own by getting them to open an IRA, 529, etc. 4️⃣ HAVE HONEST SELF-REFLECTION: Reflecting on why clients left, or are considering leaving, requires an unvarnished self-assessment of the advisor's contribution to client dissatisfaction. Only then can an advisor understand what he or she needs to do (or not do) to avoid repeating the same mistakes with other clients.  #wealthmanagement #financialadvisors #independentfinancialadvisor  #wirehouse #ownyourownbusiness 

📜 WHY YOUR VALUE PROPOSITION MATTERS A fundamental value proposition demonstrates how you deliver real value above what your clients pay you and more than any competitor can offer. To achieve that goal, your value proposition must clearly state your firm's benefits to your clients, and explain why you are uniquely qualified to deliver those benefits. It Includes: 1️⃣ Whom you serve-that is, your ideal client profile 2️⃣ What you offer 3️⃣ What specific problems you solve 4️⃣ How you solve them 5️⃣ Why you solve them; what motivates you to do what you do 6️⃣ Why prospects should choose you rather than any other advisor 7️⃣ Why your claims are believable In a crowded profession, you must set yourself apart with a brief statement explaining what you offer and why it is unique and valuable to your target audience. Is your current firm working with you on creating or enhancing a value proposition that outlines all of the above? If you are an advisor who is open to exploring other options, please reach out for a brief and private conversation at [email protected] #financialadvisors #wealthmanagement #practicemanagement #wellsfargo #morganstanley #ubs #merrilllynch

🤔 THINKING ABOUT MAKING A MOVE? Where do I start? How do I figure it out? 👉 Where do I set up shop? 👉 What technology do I adopt? 👉What custodian or BD do align with? 👉 What name(DBA) do I choose for my new venture? 👉 Who helps design my logo and new website? 👉 Should I set up an LLC or S Corp? 👉 What will the client experience be when I'm on my own? Who will be with me along this journey after all of the above is solved? The above are all questions and concerns I hear when speaking with advisors. The positive is, we have the answers and solutions for every concern. We have transitioned hundreds of advisors from all different environments and have come across many situations, scenarios, and obstacles one could encounter. That means we are experienced at helping advisors transition their practice to an independent model. To answer the one question that becomes paramount after the dust settles..." who is going to be with me along this journey after all the above is solved?" ANSWER: Simple, "WE ARE" the whole way. We are here when you need the additional guidance once you are up and running. We continue to provide guidance when you have questions around: 👉 "Who do I hire for a specific role". 👉 "What kind of benefits should I provide my staff" 👉 "I need help with a new marketing campaign" 👉 "I need advice with an acquisition opportunity" The point is, Momentum Wealth Partners provides our advisors the resources and support needed after you have transitioned. We are here to align ourselves with you in whatever manner you need from solving issues around practice management to navigating business-related issues. If you are a financial advisor who is interested in discovering what making a move might look like for you, send me a DM or email me at [email protected]. Let’s discuss the journey to independence and see where the road takes us! #financialadvisors #wealthmanagement #ownyourpractice #independence #morganstanley #wellsfargo #merrilllynch #ubs

Why choose independence with Momentum Wealth Partners? Financial Flexibility and Freedom: Enjoy the autonomy to make financial decisions that best suit your clients and practice. Enhance Your Brand: Build and strengthen your unique brand without the constraints of a larger corporate entity. Gain Autonomy and Control: Take charge of your business operations and growth strategies, ensuring that your vision is realized. Increase Earning Potential: Maximize your revenue potential with a structure that rewards your hard work and dedication. Manage Your Legacy: Create and maintain a lasting legacy for your clients and your practice, ensuring long-term success. At Momentum Wealth Partners, we believe in empowering advisors to run their practice their way, while providing the resources and advice needed to thrive. Experience the freedom to grow, the ability to enhance your brand, and the potential to maximize your earnings. #MomentumWealthPartners #Independence #MWP #FinancialAdvisors #ChartYourCourse #FinancialServices #IndependentFinancialAdvisor

⭐Deciding that leaving your wirehouse firm to become an independent financial advisor could be one of the most liberating and exciting career decisions you will ever make. With careful planning and preparation, and the right partner by your side, you'll find it easier than you thought. ⭐I'm happy to discuss all the above in greater detail and share how Momentum Wealth Partners helps breakaway advisors achieve success. ⭐If you would like guidance on how to conduct that analysis, or if you are interested in learning more about what a transition opportunity could mean for your career and practice, send me a DM or email me at [email protected] to have a confidential conversation. #financialadvisors #wealthmanagement #ownyourpractice #morganstanley #wellsfargo #merrilllynch #ubs #rbc

🦁 If you are a financial advisor who is considering whether a transition to a W-2 or 1099 model is right for you, what should be top of mind? 🐯 Today I had a conversation with an advisor client who is evaluating which model to choose, and I shared one key differentiator between the models that needs to factor into the decision-making process – the tax implications. 🐼 The difference in after-tax money can be significant between W-2 and 1099 models. For the W-2 model, you’ll pay capital gains taxes on any upfront transition bonuses received. With the 1099 model, as monies received are spread out over the long-term, the overall tax obligation is lower. 🦊 If you are a financial advisor who is looking at building an enterprise, the financial benefit of choosing the 1099 model can be substantial and conducting a financial analysis of the opportunities you are exploring will enable you to make the most informed decision possible. 🐶 If you would like guidance on how to conduct that analysis, or if you are interested in learning more about what a transition opportunity could mean for your career and practice, send me a DM or email me at [email protected] to have a confidential conversation. #wealthmanagement #financialadvisors #wellsfargo #morganstanley #merrilllynch #ubs #edwardjones

🔈 Momentum Wealth Partners is a team of financial professionals, headquartered in Mount Laurel, NJ, and Westchester County, NY who serve established, independent financial advisors, providing a foundation for growth, efficiency, scalability, mergers, acquisitions, recruiting and succession planning. 🔉 Our goal is to preserve and strengthen advisor independence, allowing for flexibility in choice of business model while nurturing the entrepreneurial spirit. 🔊 Our services are designed to help advisors meet the complex needs of investors. With access to client friendly technology, extensive experience, and comprehensive support, advisors are empowered to sustainably grow a practice and build a lasting legacy that could one day be monetized at an enterprise valuation. #financialadvisors #wealthmanagement #financialplanning #morganstanley #wellsfargo #merrilllynch #ubs

At Momentum Wealth Partners, your success is our mission. Discover how our comprehensive methodology can propel your practice to new heights. Learn more at https://lnkd.in/eEgpCSsX #MomentumWealthPartners #Independence #MWP #FinancialAdvisors #ChartYourCourse #FinancialServices #IndependentFinancialAdvisor #OurMethodology