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

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:

• Broken Dealer: Navigating the Path to Financial Advisor Independence by Carmine Corino and Daren Blonski

Connect with Daren Blonski:

• LinkedIn: Daren Blonski
• Sonoma Wealth Advisors

Connect with Carmine Corino:

• LinkedIn: Carmine Corino
• Cornerstone Planning Group