Advisor.ca
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.
