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Advisors

Advisors Are Welcome Here

We understand the importance of providing our clients with specialists who can address their unique and personalized financial needs. To achieve this, we believe in recruiting talented advisors who share our vision.

Our Philosophy: Iron Sharpens Iron

Our Philosophy: Iron Sharpens Iron

We embrace the philosophy that "As iron sharpens iron, so one person sharpens another," as stated in Proverbs 27:17. This simple yet profound statement has been our guiding principle for years. We firmly believe that no one should walk alone on their journey to success. By fostering a culture of mentorship, follower-ship, and leadership, we strive to make ourselves and others better.

Cut the Wirehouse

Are you tired of the limitations imposed by wirehouses? We understand the frustrations that are inherent in these institutions. Taking the first step towards independence can be daunting, with concerns about expenses and risks lingering in your mind. We've been in your shoes, facing similar challenges:

  • Feeling restricted by wirehouses
  • Desiring more control over your practice
  • Dealing with ever-changing compensation plans
  • Struggling against conflicts of interest
  • Balancing the need to maintain your business while preserving your practice's integrity
  • Worried about client retention if you were to make a change

We understand your concerns because we are advisors too. We've experienced the same obstacles and have successfully navigated the path to independence. Let us help you take that first step towards a brighter future.

Personal Support and Custom Solutions

Personal Support and Custom Solutions

Wherever you are on your journey to independence, we are here to provide the personal support and custom solutions you need. Our team is dedicated to helping you reach your goals, offering:

  • Tailored guidance based on your unique circumstances
  • Customized solutions to address your specific challenges
  • Comprehensive support to ensure a smooth transition
  • Proven strategies to enhance your practice's growth and success
  • A community of like-minded advisors who are ready to collaborate and learn from one another

Take the initiative and reach out to us today. Let's start a conversation about how Perennial Financial Services can help you achieve the independence and success you've been striving for.

According to the most recent data from Cerulli Associates a financial services research firm:

  • There were 18,558 retail-focused RIA firms with 78,282 advisors, collectively managing $7.1 trillion. Hybrid RIAs have, on average, 8.9 advisors per firm, while independent RIAs have an average of just three advisors per firm.
  • Advisor headcount in the hybrid RIA channel grew 5.5% on a 10-year compound annual growth rate from 2011-2021, while growing 3.3% in the independent channel.
  • In 2022, advisor-managed assets have grown 13.6% among hybrid RIAs and 12.9% among independent RIAs. Meanwhile, wirehouses lost 1.6% of headcount and gained only 7.4% in assets over the same period.
  • “The wirehouse channel has significantly more advisors who are saying that they are dissatisfied with their compensation overall.” – Cerulli Research

Cerulli projects the Hybrid RIA channel to control nearly one-third (31.2%) of intermediary asset marketshare by 2027, up from the 16.8% in 2007 and the 26.7% they controlled as of 2022.

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