Summary: Mark McGonagle is at a crossroads. Since starting his Boston-based practice, Chestnut Hill Wealth Management Group, two years ago, he’s recruited seven advisors and now has assets of around $175 million. He’s wondering if the next step is to become an office of supervisory jurisdiction for his brokerage firm, Cantella & Co., and focus more on recruiting and compliance, or if he should continue to work directly with clients.
 As for how he approaches his clients, there’s nothing wrong with arranging different splits with his advisors. But the only chance of his achieving any equity value will have gone away. The most important thing you have in an advisory practice is your client relationships.”Brandon Odell, Director of Business Consulting, The Ensemble Practice. |
Your session has expired!
To continue, please log in again.
Your session is about to expire!
You will be logged off in seconds.
Do you want to continue your session?
