Latest / Advisor Talk with Frank LaRosa
W2 versus Independent: Why Financial Advisors Shouldn't Chase the Trend
Frank and Stacey recorded this one unscripted, straight from a conversation they were already having.
Frank breaks down why a W2 structure is not automatically the wrong choice, using Dan Sullivan's who not how framework to explain that a branch manager, an administrator and operations support are not overhead, they are people an advisor would otherwise have to hire and manage themselves. He shares a real example of a private banking team that moved to Morgan Stanley and grew from one billion to 2.6 billion dollars inside a structured W2 environment.
Stacey makes the case that the real…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.