Business Operations
Harbour Bridge Wealth Management Advisors provides a full-service solution for you to optimize your practice. We handle the operations of running a company so that you can focus on managing your book of business. This includes:
- Real Estate - Class A real estate with modern furniture, security, insurance coverage, and office supplies.
- Administrative Support - High-caliber client support personnel with competitive pay, generous benefits, and a welcoming culture. Onboarding assistance for current client service personnel. Technology - Cutting-edge technology including ongoing 24/7 technology support, computers, printers, routers, servers, and security infrastructure.
- Estate Protection - Buy-sell and disability agreement to help ensure business continuity and estate protection.
- Support to Purchase and/or Exit the Business - Legal infrastructure and experienced team help you buy other practices and/or sell your practice. Wells Fargo Advisors Financial Network and Harbour Bridge Wealth Management Advisors do not provide legal or tax advice.
- Human Resource Support - Administration of payroll, 401(k), and benefits including health care.
Onboarding Support
In addition to the Wells Fargo Advisors Financial Network (WFAFN) transition team, Harbour Bridge Wealth Management Advisors offers in-house onboarding support, such as:
- Account Opening - The WFAFN team supports account opening and asset transfer activities as well as training and guidance. Transition metrics are available to track onboarding progress, and team members are dedicated to assist in your transition.
- Extended White Glove Service – A transition is more than simply transitioning your assets. We work with you to map everything over and help ensure clients have a positive experience throughout the process.
- System Training - Many resources are available to help you learn the system. Harbour Bridge Wealth Management Advisors provides onsite training. WFAFN also provides a virtual trainer for 12 months and a dedicated number for training and questions.
In-House Compliance Support
Our in-house compliance support team is here to help protect your business amidst ever-changing industry requirements, with:
- Internal Reviews - In addition to the protection of WFAFN’s compliance approval process, Harbour Bridge Wealth Management Advisors offers in-house support for compliance submissions and the editing process.
- In-House Support - Work with experienced professionals to help you protect your business, coordinate WFAFN internal examination, and complete ad hoc regulatory audits.
- Compliance Advocate - Our team operates in a partnership model, working with you to help find a compliant way to achieve what you are trying to accomplish.
Marketing & Business Development
Advisors benefit from our established brand and reputation within the industry. Our in-house marketing team offers the following services for advisors and their associates:- Marketing Collateral - Client pitchbooks, custom flyers and advertisement design, branded office supplies and stationery, business cards, and swag.
- Website & Social Media Presence - Direct URL to bio page, press releases for new advisors and awards, and LinkedIn profile support and content pipeline.
- Events - Bi-quarterly client webinars, internal team member events, and communication support for client appreciation events.
- Outreach Assistance – Copywriting and compliance support for mass communications, an internship program with prospect outreach.
Asset Management
A dedicated, internal, Certified Financial Analyst-led team provides research, thought leadership, and client updates.
- Discretionary Risk-Based Models – dedicated staff, active management and performance monitoring, and internal Unified Managed Account “UMA” where advisors can build their own portfolios out of managed sleeves to their desired allocation.
- Client-Level Account Customization - inclusionary or exclusionary client-level customization, distribution management, and investment implementation.
- Market Insights - market commentary and quarterly webinar series, internal advisor guidance on market positioning and tactical ideas across various product areas.
- Sales Materials - portfolio fact sheets and reports, custom proposal decks for clients and prospects, quarterly strategic guidance and positioning insights.
- Recommendations for Alternative Investments - closed-end funds, structured products, and syndicate offerings.
Financial Considerations
Advisors benefit from moving from Employee (W-2) to Owner (1099) Income.- Move your practice value from your employer to your personal balance sheet, which could result in a higher payout.
- Potentially increase your pre-tax savings options such as the establishment of defined benefit plan. Please consult your CPA for more details.
- Gain greater control of your taxable income through allowable business-related expenses such as travel, car lease/purchase.
- Maximize the value of your personal practice by partnering with an organization that is growing. Additionally, capital investments that provide monetization of your practice are available through third parties.