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.

Financial Advisor Placement Services was founded in 2009 by Shawn Smith to meet the needs of the financial advisor who is considering a move to an Independent Broker Dealer.  We work as the broker’s “agent” to help the advisor find the firm to meet their professional requirements in order to best serve  their clients.   Financial Advisor Placement Services will sift through the many National, Regional and Independent broker dealers, and RIA firms, and help the advisor to answer the questions which accompany a firm change.  We have developed many relationships with the decision makers at the firms we represent .

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.

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 (FAPS) places only Financial Advisors.  While other competitor firms work with other financial professionals, we feel that our sole focus makes us the best in the  industry.   While other placement firms will “hand off” the advisor to another junior recruiter, everyone who does business with FAPS with work with Shawn Smith, our Founder.  It is because of this personal attention, and expertise in this field, that advisors like doing business with us.

Since we work with over 70 select broker dealers, we have a vast network of partner firms, which allow us to place advisors and brokers throughout the United States.  We speak to advisors every day, from every state in the country.  While this gives us the opportunity to introduce local firms to you.  With today’s technology, you can join any broker dealer no matter how far away they are. In 2014, we placed more advisors in CA than we did in our home state of MA!

For more details on our services, please feel free to log on to Broker dealers, Independent broker dealer, Independent broker dealers and Independent broker dealer firms