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Firm hopes to support younger advisors through new practice financing program

June 20, 2023.

Mike Ankers, Senior Vice-President and Head of Advisor Experience and Growth with Richardson Wealth, explains that the firm wanted to find a way to help more young female advisors purchase books of business.

Buying a book of business can help advisors grow their practice exponentially over a short period. But paying for that book over the common three-year timeline can be daunting.

Recognizing that issue, Richardson Wealth launched a $25-million internal financing program this year that will allow buyers to spread their payments out over seven years.

Read more.

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