What Happens When Your IBD Is Sold

November 26, 2017

What Happens When Your IBD Is Sold

November 22, 2017 | Mindy Diamond | Wealth Management


News of big M&A deals is becoming more frequent these days. But that doesn’t make it any easier for the advisor whose firm was just sold.

When LPL announced their purchase of four National Planning Holdings firms, it wasn’t just another day at the office for advisors in the independent broker/dealer space. “I feel like I’m riding a wave of disruptive uncertainty,” one IBD advisor said to me. “Are we next?” 

The feeling of “disruptive uncertainty” is quite understandable. The notion that everything you built your life’s work upon may change at any time can be quite unsettling. No one checks in with you first to see if you want things to change; it just happens. And when it happens, you feel like you’ve lost all power and control over your business life.

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