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 .
We will help you select the best Broker-Dealer for your practice by identifying: the appropriate size, culture, product set, clearing platform, technology and back office support for your practice. We will then negotiate the best deal possible for you, as we have leverage with the firms that we represent.
Our sole focus is on placing finanical advisors with a new Broker-Dealer or with RIA firms. We do not get involved with recruiting people to other industries or positions, like many of our competitors. We feel that the function of providing financial advice is very important, so we pride ourselves in exclusively serving this market segment. We will give you the personal and professional attention that you need in a confidential manner.
We have also sell broker dealers, and financial practices. Advisors wishing to either retire or leave the business contact us to help them sell their practice. We have a vast broker dealer network to sell into, and we use our close contacts to bring buyers “to the table”.
Please contact us to further discuss these services.
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!
A Great Success Story
The advisors we work with love our process, and it works. We just received a call from a lady advisor in Oklahoma who we placed a y4ear ago. She just called to thank us for a job well done. She had a registration challenge and a year ago, she was about to exit the business because she was so discouraged in her search. Once we spoke to her, we were able to find her several options. She decided to join a firm in FL and she broke away from her independent group and set up her own practice for the first time ever. In the beginning there were many challenges setting up her own office, setting up a high profile website, as well as moving her book of business. In the end, she called us to say that she was elated that she set up her own practice in 201 and that it was her best year as an advisor ever! And she has been in the business 29 years. It is stories like these that make us excited to help advisors succeed every day!