Winter is Coming


Just as a market crash can be a buying opportunity for savvy investors, moving before a crash can be an effective strategy for advisors.

I am not advocating that anyone should change firms tomorrow just because he/she thinks we may be about to encounter economic Armageddon. 

What I am suggesting is that everyone have a Plan B, vetted and ready, if a ‘doomsday’ scenario begins to manifest. That Plan B may involve changing broker/dealers for strictly economic reasons.

If you don’t have a back up plan solidly in place, we need to talk. Paul Reilly, the CEO of Raymond James, recently opined that even a prolonged downturn in the market is likely to reduce what companies offer to advisors to move.

You current firm is not going to give you a forgivable note for several hundred thousand dollars or more to show their appreciation for your fealty. Loyalty is for dogs, and Wall Street knows that all too well. To wit, most firms will readily hand a big check over to an outsider coming over from another firm...but sorry, nothing for you.

If you are a ‘bazillionaire’ and none of this matters, good for you. But the truth is that people who have a healthy sum of money in the bank sleep much more soundly than those who do not. If you aren’t in the former category right now but would like to be happier and less vulnerable, knowledge and preparation are your friends. I am available and able to assist you in your quest.


For information about our services, please click on the tab titled "The Truth" above.

Ron Edde

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