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Our Process

We will find you the best broker dealer that matches your needs.  Financial Advisor Placement Services helps financial advisors sift through all of the options and questions involved in switching firms.  We are experts in the broker dealer market.  The people at Financial Advisor Placement Services have been working with and developing relationships with independent, regional and national broker dealers since 2007.  We understand the clearing platforms and product offerings and understand the firm’s philosophy, so that we find the best broker dealer to suit your needs.

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.

We will work with you every step of the way as your  “agent” to work through the firm information, schedule calls and meetings, and give you advice on which offers may be more attractive.  Whenever possible we would like to attend the meetings with you so that we can represent you as best as possible.  We will do a “pros and cons” analysis or help you spreadsheet the value that each firm can bring to your practice.

Once the decision is made on which firm to go with, we get you engaged with that firm’s transition team, to ensure a smooth transition.  Our goal is to make this transition as painless as possible.  In some cases, the broker dealer will place people in your office to assist you in moving your client accounts. 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.

For more details on our products and services, please feel free to visit us at Changing broker dealers, Independent broker dealer & Independent broker dealers

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