Succession/Ownership Transition Services – Non-Custodian/Broker Dealer
Dual Monetization Strategy
Dual monetization(TM) is a potentially lucrative strategy as it allows a senior advisor to capitalize on both transition and succession bonuses. With dual-monetization (TM), it is not the type of firm the senior advisor transitions to that matters. The advisor could transition to an independent, a wirehouse, or a hybrid firm. Irregardless, the senior advisor essentially doubles their money through both the transition bonus and succession bonus they achieve with such a move. Further, dual-monetization(TM) deals are structured in such a way that the transitioning advisor is committed to only a short contractual period before retirement – on average 5 to 7 years in length. This is far less than the decade or longer obligations one can expect to be found in wirehouse succession deals.