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.
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.
We represent both full service broker dealers as well as specialist firms that focus on certain product sets. Some advisors are concerned with firms with high costs and production requirements. We do business with firms that satisfy all of these problems, and have worked with them for years to “grow” their firms. We have leverage with the firms that we represent, so we can get you the best offer available. Let us do the due diligence and negotiations for you.
DOL Friendly Broker Dealers:
We represent broker dealers who will go out of their way to support the financial advisor and to acccomodate both commission and fee-based products within retirement accounts. They understand that the advisor needs extra support during the chaos caused by the new DOL standards.
OSJ Producer Groups:
We are successful at placing OSJ Producer Groups, in order to find the best packages available in a competitive environment. Confidentiality is crucial during this process.
Broker Dealer Sales & Financial Practice Sales:
We act as consultants to sell broker dealers, or advisor financial practices. We have a vast network to market private sales. We work with broker dealers who want to sell their firms or simply outsource their back office functions.
The firms that we represent pay our fee, so contact us for a confidential conversation.
We look forward to your call!