Join HNW Wire House Team or Partner with Veteran Indie
I'm new to the forum and the business...sort of. I started a part time alternative practice 2 years ago offering private equity transactions (finders agreement) and Life Settlements (LS) to accredited investors. I've had a reasonable amount of success establishing 20+ clients and $5M in sales.
I'm now at an inflection point due to several factors, soft LS business and limited equity offerings with my PE firm which also is a BD. Have my 63 license, studying for the 7. I have an inside track to ML HNW team with $350M AUM and will have formal interview, tests etc. shortly. On the other hand, I am in discussions to partner with a peer who has 20 years in the business and is ready to pull back provided he can find someone to complement him. His profile: independent BD, well established Insurance business, focus on alternatives, strong lead generation model, office support staff. Not sure of AUM or number of clients yet, I suspect most of the business outside of insurance is transactional based.
I would need financial support in the first year or two to bridge the gap from my previous life outside of financial services.
Thanks for your input.