Tag: Fiduciary Duty
What Advisors Should Do When Your Broker-Dealer Sells (Ep. 18)

What Advisors Should Do When Your Broker-Dealer Sells (Ep. 18)

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When your independent broker-dealer sells, it can change everything about how you serve clients and run your business.

In this episode, Daren Blonski and Carmine Corino break down what happens when your firm sells or changes direction and what you can do about it. From evaluating alignment and fiduciary responsibility to exploring independence, they share hard truths about how these transitions impact advisors and their clients.

They discuss: 

  • How advisors should assess whether to stay with a sold firm, move to another, or go independent
  • Why private equity ownership often creates misalignment between advisors, clients, and shareholders
  • How the concept of fiduciary duty gets distorted within broker-dealers
  • The consequences of compliance and “selling away” rules that protect firms, not clients
  • Why true independence may be the only way to gain long-term alignment and control
  • And more!

Resources:

Connect with Daren Blonski: 

Connect with Carmine Corino: 

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How to Know When It’s Time to Go Independent (Ep. 3)

How to Know When It’s Time to Go Independent (Ep. 3)

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Financial advisors often feel constrained by bureaucratic systems and conflicting interests within larger firms. But how can they identify when it’s time to make a bold change?

In this episode, Carmine Corino shares his personal and professional insights on transitioning from traditional firm settings to becoming an independent financial advisor. He recounts the challenges, ethical dilemmas, and opportunities involved in creating a business aligned with both client needs and personal values.

Carmine discusses: 

  • The ethical challenges of prioritizing client interests over firm-imposed sales goals
  • The signs that indicate misalignment between an advisor’s vision and their firm’s restrictions
  • The importance of understanding how compensation structures impact client trust and transparency
  • Strategies and tools for evaluating and planning a transition to independence
  • The long-term benefits of aligning business models with personal and client-centric goals
  • And more!

Resources:

Connect with Carmine Corino: 

Connect with Daren Blonski: 

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