Expansion by exploiting Rotational AUM and growing on a Big Platform

Revenue Growth and Capitalizing on Rotational AUM Opportunities

As senior advisors retire at larger firms, opportunities arise for ambitious advisors to acquire carve-out AUM from their departing colleagues. To exploit this AUM rotation effectively, advisors should:

1. Develop strong internal relationships: Building relationships with colleagues, particularly senior advisors nearing retirement, can position you as a trusted successor to manage their clients' assets upon their departure.

2. Demonstrate expertise: Showcase your knowledge and expertise to your colleagues and firm's management, ensuring that they recognize you as a capable advisor who can effectively manage the assets of retiring advisors' clients.

3. Collaborate with retiring advisors: Establishing a collaborative relationship with retiring advisors can ease the transition process for their clients, as well as ensure a seamless handover of responsibilities.

4. Communicate with clients: Proactively engage with the clients of retiring advisors, taking the time to understand their financial goals and p…