The Benefits of Buying a FinancialAdvisory Book of Business

Despite the recent turmoil in the financial markets, becoming a financial advisor remains one of the most potentially lucrative and rewarding career choice an ambitious and motivated young professional can make.

lucrative and rewarding

As a financial advisor, your income possibility is unlimited, you have the ability to be in business for yourself, and you get the reward of knowing that you're helping your clients build their own financial security as you build yours.

financial security

becoming a financial advisor

Becoming a financial advisor isn't exactly easy,however the rewards that draw people into theprofession usually aren't enjoyed right away.

hard road

It can be a hard road, starting with passing yoursecurities exams (such as the Series 7 and 66)which have only been made more difficult inresponse to the financial crisis of 2008.

clients

Then there is the huge challenge of obtainingclients. Obviously, without clients, you won'tmake money.

trust, savings

But convincing people to invest their trust – andtheir savings -- in you as a green advisor is notalways an easy task.

book of business

One method used with great success by financialadvisors to surmount the challenge of building acustomer base is buying a book of business froman existing advisor who is retiring or leavingthe profession.

advantages

There are numerous advantagesto doing this:

immediate income

Immediate Income. When you have clientson the books, you immediately start generatingIncome for your practice from those clients in theform of fees and commissions.

immediate income

Yes, there is a large financial outlay on your partto buy a book of business, and this must be donebefore any income is realized.

immediate income

However, there are numerous business financingoptions that can keep you cash flowing positiveeven after buying a book of business.

immediate income

If you play it smart, your income from your bookof business will outpace the monthly expense ofobtaining it.

referral base

Referral Base. The clients in your new bookof business aren't only a great income source,they are a great source for spreading the wordabout your services to their own personal andprofessional networks.

If you take care of them and make a great firstimpression, your name is likely to come up in apositive light when they have financialconversations with their friends and associates.

referral base

Reputation and Relationships. Chances are,the advisor whose book of business you're buyinghas a strong reputation in the industry.

reputation and relationships

That's how he was able to build his client base.

reputation and relationships

Aligning yourself with someone like that can dowonders for your own nascent reputation, andanytime you can build a relationship with anexperienced and successful advisor, it is good forfurthering your career.

reputation and relationships

If you are considering buying a financial advisorybook of business, consider speaking to financialadvisor recruiters in Scottsdale.

Recruiters aren't only good for helping you findjobs, they can help you network with others inthe business.

Sitting down at a financial advisor recruiting firmScottsdale and going over your desires, long-termgoals, and budget will allow you to seek out thebest prospects for buying a financial advisorybook of business.

Rhino Search Group is a financial services recruitingfirm known for its valuable client relationshipswith the most trusted financial brands.

Contact our financial advisor recruiters if you arelooking to make a move, or buy/sell a bookof business.

Visit the site:

www.rhinosearchgroup.com

Rhino Search Group8970 E Raintree Drive

Suite #300Scottsdale AZ 85260Phone: 480-361-9490

Email: pk@rhinosearchgroup.com