Advisor Alliance

Many financial advisors wish to follow an independent, fiduciary based model, but lack the support framework and partnerships to make the transition. The Advisor Alliance offers advisors a comprehensive support platform for independence that eliminates corporate edicts and bureaucracy. The platform was founded by and operates under actual financial advisors, not corporate middle managers or third-party owners. We understand your needs and unequivocally share your sense of urgency in everything you do for your clients.

“Coming together is a beginning; keeping together is progress; working together is success.”

— Henry Ford

Why Lake Street?

We recognize that every independent advisory practice is unique. We created the Advisor Alliance to provide a customized solution for each advisor’s business. In joining the Alliance, advisors have the freedom to build their own brand and retain 100% ownership in their business. You can select from a range of services to create the suite that fulfills your needs and best serves your clients.

Through our relationships with custodial partners such as Raymond James and Charles Schwab, we can leverage the resources of our strategic partners for the benefit of our Alliance advisors and their clients. All contracts are negotiated on an ongoing basis to ensure the Alliance has the most cost-effective framework for independent advisors.

Multiple Affiliation Formats

The Advisor Alliance can support multiple advisor formats including hybrid RIA, independent contractor, and employee models. We can walk you through the economics of each format to ensure your business runs efficiently and without interruption.

Dedicated Support Services

By joining the Advisor Alliance, advisors have access to a range of support services including permanent and virtual office space and licensed administrative support. They also can take advantage of other professional services provided on staff by a CPA, a CFP®, and an MBA, as well as draw upon our in-house specialization in corporate retirement plans. Through our strategic partnerships, we can offer marketing services including branding, logo creation, website development, public relations, and social media outreach. These services help independent advisors professionally brand their new firms to attract new clients and grow their businesses.

Technology Focus

As independent advisors, we’ve found one of the greatest benefits of independence is our access to a wider range of technology solutions — we are not limited to proprietary tools or technology limitations imposed by a corporate mandate. Lake Street is committed to sourcing and offering the best technology platforms to its Alliance advisors so they can scale and build their businesses effectively and efficiently. Our advisors have access to Black Diamond for model trading, tactical rebalancing, data management, and performance reporting. We also offer our advisors access to Junxure for client relationship management functions and MoneyGuide Pro for financial planning. The Alliance platform is 100% cloud based, allowing advisors to operate in any geography.

Multi-Custodial

Alliance advisors have access to two major custodian firms: Raymond James and Charles Schwab. Both firms are industry leaders with strong reputations, offering a wide range of investment products and service to advisors. Additional custodians can be added as needed to meet the needs of investment advisors joining the Alliance.

Comprehensive Platform

One concern we often hear from advisors who are considering leaving their current firms is that certain client services won’t transfer to an independent model – that’s simply not the case. In fact, independent advisors have a wider selection of services and providers from which to choose. In addition to traditional investment advisory services and financial planning, Alliance advisors can offer their clients a full suite of products and services such as:

• Trust services
• Personal banking
• Insurance services
• Investment banking
• Commercial banking
• College savings plans
• Alternative investments
• Separately managed accounts

Firm Succession Planning

Many advisors have built successful firms and now wish to enjoy the benefits of their efforts. Some have children or business partners who are ready to assume the business, while others struggle to find appropriate candidates to take on their existing clients and book of business. For independent advisors who are ready to scale down their business, the Advisor Alliance can help you develop a succession plan and perform an independent evaluation of book value. We can help you assess your alternatives and provide guidance as you make decisions.

We invite you to connect with us and explore the many benefits of independence.