ADVISOR FAQ

Will my clients go with me?

Studies show that client retention rates are high throughout the industry. Some advisors fear that the name of an institution alone is vital to their clients. They may feel they will lose credibility without the big box wire house name behind them. In our experience, nothing is further from the truth. The public does not have the same feelings towards the institution, but instead values the personal relationship. The stronger the relation.

The transition and repapering process seems overwhelming.

Let’s face it, transitioning a book of business can be stressful. Every transition is unique, but we’ve done this before, many times! We know what to do to quickly move accounts with as little disruption to you and your clients as possible. Our team of experienced transition specialists guide you through each phase, so you know what to expect. It’s all hands-on deck as we build and execute your repapering plan. You focus on connecting with clients while we handle the account opening and administrative tasks.

Do I have the skill set to run my own business?

Starting your own business may seem daunting. Most financial advisors excel at managing assets and prefer to focus their time on building client relationships, investments, and planning. Getting your office set up and running efficiently can be challenging. We help advisors with payroll, training staff, leases, equipment, stationary, cyber security, technology adoption, repapering… essentially all the things related to running your own business. You tell us what you want your business to look like and we help turn your vision into reality.

I need back-office support services.

Western Wealth support centers on advisors. Our passion is to provide advisors with high value services at a low cost. We offer marketing, human resources, transitions, technology, virtual administration, market research and reporting, operations, training and more. Most services are included with Branch affiliation, however some have associated fees (virtual administration). Our goal is to help identify opportunities to increase productivity and improve back-office efficiency so you can focus on what you love.

How will I manage Compliance requirements?

There’s no getting around it, compliance is integral to an advisor’s practice. At Western Wealth, we view compliance oversight as a partnership. Our experts work with you to identify and minimize risk to keep you in business and ensure your clients are well taken care of. We pride ourselves in being solutions oriented, knowledgeable, proactive, and accessible. We stay up to date on the ever-changing regulatory policies and keep you informed so you can confidently meet obligations under securities laws and regulations. Advisors appreciate our non-adversarial approach as we work together with you to help mitigate risk while resolving issues. We are invested in your success and are on your side!

Does being independent = being alone?

No way! When you join Western Wealth, you gain membership to an extended network of likeminded, professionals. We plan several networking and learning events throughout the year, including the Annual Branch Retreat, Advisor/Admin Universities, Study Groups, Women of Western Wealth events, and holiday celebrations. Advisors can connect with each other and take advantage of the unique community and culture surrounding of Western Wealth.

Is LPL right for me?

Joining a large broker dealer with over 18,000 advisors has its pros and cons. On the upside, you get access to world class technology, systems, and the infrastructure of a large Broker Dealer. Plus, being backed by a large Broker Dealer can give your clients piece of mind. On the downside, no one wants to be just another number. When you affiliate with Western Wealth you get the best of both worlds; the sophisticated technology of a large BD coupled with the personalized support and benefits of a localized branch.

How do I know if Western Wealth is right for me?

Schedule a Branch Office visit to learn more about our affiliation models, service support and override structure.

How do I know which platform is right for me?

We take time to learn about your business and goals so we can guide you towards the right decision for you and your unique practice.

What are your payout structures?

Very competitive! Contact us to schedule a meeting to learn more.

Do you have plug and play opportunities?

We sure do! WW maintains branch offices in Golden and the Denver Tech Center.

What will my clients experience?

• Increased flexibility for updates and and improvements in portfolios
• Improved and simplified reporting
• Access to a better cost structure on certain products
• Robust web access and tools
• Convenience of E-signature for many account transactions and account establishment
• And more!

Does Western Wealth/LPL offer marketing services?

Yep! WW Marketing can help create and promote your brand.

Do you have opportunities within Institutional Services?

We have relationships with 14 different Credit Unions and Banks. Contact us to learn more about our institutional opportunities.

How long will my transition take?

On average, it takes approximately three months to transition your practice, however it can vary based on individual circumstances.