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Mar 31, 2011 7:25 pm

Hello Folks,

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.