Donde Esta La Biblioteca? Where Did All the International Friendly Firms Go…Into the Archives?
Over the last decade, large global banks have largely ignored international wealth management
Multiple factors have contributed to the decline in international business, including the 2010 Dodd-Frank law, which severely restricted the bank’s ability to take on risk and created harsh penalties for not implementing money laundering policies
Laidlaw is NOT a bank, and is in a great position to service clients in most countries and in multiple different currencies
The Shoemaker’s Children Have No Shoes AND No Inheritance
It is estimated that over 60% of advisors don’t have a succession plan or catastrophic plan for their own business.
The SEC is proposing a rule that requires a written Business Continuity and Succession Plan for all RIAs. It is very comprehensive and if you have the fortitude to read all 96 pages here
Wealth advisors need a firm that not only partners with them, but with their family and/or estate as well. Something Laidlaw Wealth Management has always believed in.
Equity…. the pros and cons. What’s really under the hood?
The old Wall Street Partnerships with a great culture and shared equity ownership where all incentives were aligned are coming back
The best way to attract like minded advisors is to share in the ownership and be true partners through equity
The fairest and partner-like equity is the one that gives you a significant stake in the firm for taking the risk to join them at the founding price with the same class of stock for everyone
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© Copyright 2020 Laidlaw & Company (UK) Ltd. - All Rights Reserved. Laidlaw & Company (UK) Ltd., a FINRA broker-dealer registered in the United States, clears on a fully-disclosed basis through INTL FCStone Financial Inc., a member of the Securities Investor Protection Corporation (SIPC). Laidlaw & Company International Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the UK (Firm Reference No: 537165).
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