Affiliated Advisors Launches NextGen Advisor Affiliation Program

~  "Synthesis" Advisor Program empowers the next generation of advisors to build the practices of their dreams through three comprehensive support models

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Affiliated Advisors, a leading advisor service and support platform, announced today that the firm is launching a comprehensive, multi-channel affiliation program – the Synthesis Advisor Program – to provide NextGen advisors with access to innovative support, coaching, practice management resources, technology and mentorship opportunities to foster growth and independence throughout their emerging careers.

According to recent research by Cerulli¹ there is a critical need for the industry to attract and retain NextGen talent as more than 109,000 U.S. financial advisors – representing 38 percent of industry head count and 42 percent of assets, will likely retire during the next 10 years, including the disturbing fact that the "rookie failure rate" has been more than 70 percent. As a result, the need to propel NextGen advisors is critical for the future health and sustainability of the financial advisor industry and is a key reason for the launch of the Synthesis Advisor Program from Affiliated Advisors.

Depending on career stage and evolution, NextGen advisors can access comprehensive resources in the three-stage Synthesis Advisor Program, by tapping into the vast resources of Affiliated Advisor's award-winning advisor support platform.

• EntryPoint – For new and aspiring advisors, Entrypoint provides hands-on experience through in-depth internships or W-2 staff positions within Affiliated Advisors and partner advisor teams to gain valuable insights and practical skills essential for a successful career through direct access to senior advisors' mentorship, coaching and training.
  
  
• LaunchPad – Tailored for advisors within the first decade of their career, LaunchPad supports advisors transitioning from a captive environment to independence. Participants choose to join a recent breakaway firm or create their own brand, equipping them with the tools and guidance needed to establish a thriving practice, including technology, administrative and compliance support, along with critical practice management resources, advice and guidance to better manage and grow their new firm.
  
  
• GrowthCatalyst – Focused on accelerating growth for established NextGen advisors, GrowthCatalyst taps into Affiliated Advisors extensive advisor community to identify inorganic M&A succession opportunities, as well as gain support from Affiliated Advisors' organic growth engine. Advisors have access to a network of experienced M&A and marketing professionals, as well as being part of a community of advisory firms sharing best practices and collaborative opportunities to accelerate success.

"Through the Synthesis Advisor Program, we are poised to change the industry by fostering a culture of innovation and mentorship to elevate NextGen advisors," said Rita Robbins, President of Affiliated Advisors. "With a focus on filling the gaps that have slowed the entry into the profession in an aging industry, we are not only equipping these aspiring advisors with the resources, coaching and training they need, but also paving the way for a new generation of leaders in the advisory space." 

Affiliated Advisors provides a comprehensive suite of business management, compliance, technology, marketing, and investment advisory solutions and services with direct access to experienced professionals, skilled in helping advisors streamline their workflows. Known for ease of transitions, as well as succession planning resources and acquisition opportunities, Affiliated Advisors has been a shining star in the financial services industry and a beacon for championing inclusion and giving back.

"The high rate of attrition for new advisors is something that we are laser-focused on with the Synthesis Advisor Program," said Trisha Qualy, managing director of Affiliated Advisors and the architect behind the program. Qualy is also a member of the National NextGen (NXG) Council at Osaic. "Younger advisors often point to the lack of training and mentorship as a key reason for not entering or leaving the profession, a glaring gap in the industry that we are passionate about solving through our investments in the Synthesis initiative that we believe will change the future success and sustainability of the industry."

To learn more, log onto www.AffiliatedAdvisors.com.

Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

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1} https://www.cerulli.com/reports/us-advisor-metrics-2023

SOURCE Affiliated Advisors