Too young or too old: Does it matter?

There was a time when young advisors considering change opted for a transition deal or even looked to build their business by signing on to a senior advisor’s retire-in-place program—leaving the thought of breaking for independence further down the road.

Yet we’re seeing more and more of those with the benefit of time on their side betting it all on themselves much earlier in the game.

Why is that? Why forego an outsized recruiting deal or even the bird-in-hand of a retire-in-place program to become business owners?

As Matthew Murphy and Rebecca Baker (the guests on?this week’s featured podcast episode) put it, they had just the right amount of time and experience to realize what was best for their clients for the long term. And they are young enough to see it through.

And this $770mm UBS breakaway team had signed on to a senior advisor’s ALFA (the UBS retire-in-place program).

So why did they do it??Listen in as they share their story here…

Speaking of age…One of the most common statements we hear from advisors is,?“If only I were younger…”

No doubt, plenty of us may struggle with feeling too old or even too young to accomplish what we dream of.?Yet who’s to say you can’t??

This is just one of the several self-limiting statements that advisors share with us—and the truth of the matter is they may be valid?if you choose to see them that way.?

It’s an important topic we explore in?this week’s featured article.?Read it here…

Here’s to living your best business life,

Mindy Diamond

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