What You'll Learn In Today's Episode:

• Advisors need to be aware of the pitfalls in their channels.
• It’s crucial to recognize that business relationships are not familial.
• Evaluating the integrity of business channels is essential for advisors.
• Understanding the trade-offs in business decisions is vital for success.
• Not all advisors are suited for independent channels; self-awareness is key.
• Advisors should assess their current firm’s support for their goals.

Ever wonder what happens when a seasoned financial advisor finally breaks free from the broker-dealer world? In this episode of the Perfect RIA podcast, Matthew Jarvis interviews Carmine Corino, author of ‘Broken Dealer’ and CEO of Cornerstone Planning Group. Carmine shares his compelling transition from the broker-dealer world to founding his own RIA, offering a candid look at the challenges and revelations that shaped his journey.

The conversation reveals how a 21-year career path, culminating in an enlightening 19-day safari with his family, led Carmine to reassess his professional relationships and ultimately choose independence. Through their discussion, they explore the often-overlooked realities of recruiting incentives, the growing influence of private equity in the advisory space, and the true meaning of loyalty in business relationships.

Resources In Today's Episode: