How Advisors Can Secure Financing

Gil Weinreich | Think Advisor, December 2014

Summary: Here’s how not to impress a banker if you’re a financial advisor seeking capital to build your business:Don’t say your plan is to acquire another advisory firm whose clients are paying a 1% asset management fee and you’ll now double your revenue by charging them the 2% fee you’re charging your clients.

[90% of the applicants Live Oak sees get funded. The Wilmington, N.C.-based bank has lent $120 million to investment advisors so far this year.]--from the MarketCounsel Summit Panel.

Jason Carroll, senior loan officer, Live Oak Bank

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