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Shawn K. Smith is the Principal of Financial Advisor Placement Services and founded it in 2009. Shawn has 23 years of investment industry experience and has worked directly with Financial Advisors during this time. Prior to founding Financial Advisor Placement Services, he worked at Ameriprise Financial as the Recruiting Manager for the Northeast. Before Ameriprise, Shawn worked as a Vice President of Sales at Sun Life Financial, in Wellesley, MA. Shawn was Assistant Vice President of Sales for Pioneer Investments in Boston and a Wholesaler at North American Funds in Boston in the late 1990’s. Shawn holds an MBA, from Bentley University and a BA in Economics from Princeton University.

Selling Broker Dealers and Books of Business

Our initial conversation will have one goal: to learn about your practice, your clients, and your requirements in a new broker dealer. We will start with our list of over 70 quality broker dealers. We will then create a short list of broker dealers to recommend for your consideration. Based on your initial feedback, we will then have initial, confidential conversations with these firms to see if there may be a good fit. Then next step is to arrange phone conversations with these broker dealers. We then narrow the list down to a hand full of firms and set up face to face meetings either at the home office or near the candidate’s location, whatever is most convenient for the candidate. With the firms that are of most interest, we will work with the firms to get competitive offers together and present them to the candidate & Independent broker dealer.

Since we have been in business, we have been getting calls from advisors who want to either buy or sell a book of business. With the aging of today’s financial advisor, the average age of the advisor is 58 years old. In this aging population, it only makes sense that some advisors will want to retire. Seeing this demand, we have accomodated these requests and have begun to help advisors sell their books and we have also helped smaller broker dealers sell their firms independent broker dealers.

With a vast network of qualified buyers, we are able to “create a market” for the financial advisor and company owner to market their assets. Unlike other competitor firms, that simply send “blast emails” out to a wide area of financial advisors to get buyers, we use our personal relationships to provide qualfied buyers in a confidential manner with broker dealers who will financially stand behind the buyer. We always have the buyer and seller sign a non-disclosure agreement so that everything is kept confidential. We find that this is the best way to do business.

Financial Advisor Placement Services is the premier financial advisor recruiting firm, Independent broker dealers & Independent broker dealer payouts that specializes in placing only financial advisors.There is no cost to the Advisor!

 

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