Taylor himself generates his $1 million-plus in gross revenues without either RIA status or a brokerage license. He is also well aware that his message sounds radical. But he believes that his DMP and other programs are only the opening salvo in a drawn out war with a failing industry.
"Other industry transformers are coming right behind me," he says. "And as we have success, others will start to see that our analysis of the industry is correct and that we have responded to the market with new and appropriate solutions."
Change always makes people uncomfortable, he knows. But he has a message for firms who understand his point of view but don't accept it out of fear or mistrust. "Right now it's easy to dismiss what we've analyzed because the paradigm has not yet shifted. But once it does, those firms which do not adapt will be left behind."
Whether or not all of this materializes remains to be seen. "Change is inevitable," Taylor says. "And I'm proud to be a change agent. I believe it was what I was born to do."