Top-Performing Teams: Exploring the Benefits and Approaches of Building a Team-Based Advisory Practice

Top-Performing Teams:
Exploring the Benefits and Approaches of Building a Team-Based Advisory Practice

Leveraging a team-based approach can provide financial advisors with scale, service differentiation, organic growth, and built-in succession opportunities.

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Discover the benefits of a team-based practice

The concept of advisor teaming has gained momentum across the wealth management industry as more advisory practices realize the benefits of increased productivity, enhanced client service, and expanded service offerings. Nearly half of advisors now operate in a team-based structure as of year-end 2023.

Use this white paper, issued in partnership with Osaic, to explore best practices that can aid advisors in their journey to building a successful practice.

Key insights covered:

Practice type

Categorize the different types of practice structures across AUM tiers, client sizes, services offered, number of advisors, and client service approaches and understand which approach works best for your practice.

Team structure

Benchmark appropriate staffing levels across team archetypes and understand functions that require specialization, external resources, as well opportunities, limitations, and tips to accelerate the growth of your practice.

Prioritizing change

Understand how financial advisory practices transformed their teaming approach and growth trajectories with case studies describing best practices, specific decision-making processes, and action plans.

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