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BreakAWAY Brokerage Partners Launches Services to Address Key Challenge for Fiduciary Advisors
Former wholesaler provides financial advisors opportunity to go independent without sacrificing relationships or revenue
BreakAWAY Brokerage Partners specializes in M&A of brokerage assets that cannot be transitioned to a Fiduciary Fee-Only RIA such as 529 plans, mutual funds and variable annuities. BreakAWAY Brokerage purchases the assets and 12b-1's from financial advisors who will soon drop their FINRA registration then provides ongoing support and service to the account owners.
"A by-product of going Fee-Only is navigating the red tape. We are big believers in holistic financial planning and clients with existing brokerage-based investments which are in their best interest to keep, should not be negatively impacted by their advisor's registration change. Our process is designed to legally cut the red tape, keeping those clients connected to their financial plan and primary advisor," said Thomas Bauer, CFP®, RICP® | Founder & Managing Principal.
The RIA channel continues to be at the forefront of growth with the number of SEC-registered investment advisors reaching a record high with 13,494 firms (https://www.financial-
"We're committed to deliver a long-term client and advisor-centric solution. From a client standpoint, providing a dedicated resource with extensive knowledge of these complex products versus becoming a house-account at the former broker-dealer without access to professional advice. Advisors benefit from streamlining the service aspect to a trusted strategic partner while retaining the client relationship and access to integrate into client's financial plans. Lastly, they can offset what would be lost revenue by monetizing the value of the 12b-1 revenue connected to the brokerage-based accounts," added Bauer.
BreakAWAY Brokerage Partners provides a unique blend of product, distribution and technology expertise to assist navigating the brokerage component of the transition.
About BreakAWAY Brokerage Partners
BreakAWAY Brokerage Partners is a financial services firm headquartered near Nashville, TN specializing in M&A of brokerage assets that cannot be transitioned to a Fee-Only structure to deliver on its mission of maintaining synergy between the advisor and their clients with FINRA brokerage accounts/policies. BreakAWAY Brokerage aligns all parties interest while mitigating the negative impact registration changes create.
Securities offered by Fortune Financial Services, Inc, member FINRA/SIPC. BreakAWAY Brokerage Partners, LLC is a separate entity.
Thomas Bauer, CFP®, RICP®
Page Updated Last on: Oct 08, 2021