Investment is a Two Way Street
Recruiting and developing a skilled team of advisors can be a daunting challenge for the owner of a financial advisory practice. Doing that, however, is only half the battle. Once you’ve chosen and trained your next generation how do you hold on to them? How do you keep them from opening up shop across the street? Create an ownership track and make the opportunity available to the best on your team.
The advantages of allowing someone talented and trustworthy to invest monetarily and psychologically in the business as a whole far outweigh the risks of giving up a fraction of your control.