10. Experience And Sustainability
When looking for a managed account provider, consider their commitment to the business. Many dotcoms have come and gone over the years, and many program sponsors are divisions of much larger financial services organizations that have been newly created to handle managed accounts. Make sure to look for program sponsors that have experience and sustainability.
The above factors should guide the decision-making of any financial advisor faced with the challenge of choosing a managed account program. With the resources available from managed account program sponsors, financial advisors should have everything they need to successfully manage their practices.
Charles Widger is the CEO and president of Brinker Capital.