FREQUENTLY ASKED QUESTIONS
As an advisor in transition, you’re likely to have questions pertaining to how you fit in with Money Concepts, the Bluegrass Region, and independent financial planning.
You already know that before making a career change, it’s important to do your homework.
That’s why you’re here. You need to ask all the right questions, and make sure you’re getting the right answers.
That being said, here are some answers to a few frequently asked questions.
YOUR BUSINESS
Do my clients and book of business belong to me? What will happen if I decided to switch firms?
Your clients belong to you. Should you decide to change broker-dealers or retire, your book of business is portable and will move with you.
Regarding business models, what type of platforms do you provide?
We have an extensive business model platform that allows you to construct a practice that is tailored to your needs and pays you regularly and efficiently. For more detail, check out the Investment Platforms page.
Which pay-platform are the majority of your advisors using?
The bulk of our advisors use a fee-based platform where pay is determined by a percentage of assets under management. Recurring revenue from AUM makes up over 85% of our advisors’ annual revenue.
What company do you clear through?
We clear through Pershing, the most widely-used clearing firm in the country. Advisors also have the option to utilize TD Ameritrade’s platform.
Does your firm have quotas or incentives to sell proprietary products?
At Money Concepts, we do not push products. We have no proprietary products, take no preferred marketing subsidies, and prohibit advisors’ participation in product provider incentive programs (to include sales trips). Instead, we give you the freedom to choose the products and services that are best for your clients.
CHALLENGES
Do you offer the product providers that I currently work with?
We have access to thousands of product providers in every aspect of financial planning, including both fixed and variable products. For a detailed list of providers, we can provide our approved product list.
Where will I work?
You’ll select your office location and hours of operation. You also have the option to operate out of the regional office in Louisville, KY.
Is custom branding permitted?
Our advisors have the freedom and flexibility to build their own brand - beyond that of Money Concepts. We encourage you to build a brand that is an extension of you and your business that will resonate with your clients and prospects.
SUPPORT
What type of support do you provide an advisor in the transition process?
We have a Transition Team from the regional and home office dedicated to making your move to Money Concepts as seamless as possible. Our structured transition process is customizable to each rep and his or her business. From licensing to the transfer of assets, our team has the experience and dedication to provide a smooth transition.
Contact us
"*" indicates required fields