HOUSTON, TX — (Marketwire) — 04/23/12 — For investors used to enlisting the services of financial planners, the names of big wirehouses are well known. For a long time, these major financial advisory firms have been seen as the ideal options for those seeking portfolio management or long-term wealth strategy. More recently, however, smaller, independent advisory firms have begun to take center stage, in large part due to changes within the financial industry itself. reports that a leading wirehouse veteran has left the company to develop his own firm, and he is hardly the only one to do so. According to the professionals at NEXT Financial Group Inc. (NEXT), this trend is good both for these advisors as well as for consumers.
The Reuters story focuses on Myles Pritchard, a wirehouse veteran of more than 14 years. Though his role at the company has been significant, Pritchard has decided to open his own firm. According to the report, Pritchard is doing something that many other financial planners have been doing in increased numbers.
In the article published by Reuters, Pritchard says the appeal of going independent comes from a desire to build one-s own practice and make one-s own decisions, but also that many advisors would prefer to maintain some of the benefits and resources that come from working with other broker-dealers.
This is precisely the reason why many independent advisors choose to work with companies like Houston-s . Indeed, the professionals at NEXT are nothing but enthused about this new trend of top advisors going independent.
Company President Barry Knight notes that it is ultimately what-s best for everyone. “In today-s market, being in full control of your business and having the ability to advise your customers as you feel appropriate is something I feel more advisors should consider,” confirms Knight. “I know the change is drastic for many and understand the implications of shifting your career in such a fashion. However, broker-dealers, like NEXT, offer advisors the freedom and resources they need to succeed on their own.”
Knight continues by noting that, for the advisor who craves independence but also wants top-level resources, partnering with a company like NEXT just makes sense. “When you have the ability to make a smooth transition to fully owning and controlling your business, why wouldn-t you want to at least consider it?”
Though the financial advisors who work under the NEXT umbrella all maintain their own independent businesses, they are united by shared standards of excellence, as well as shared access to technology and other important resources.
Inc., Member FINRA/SIPC, is located at 2500 Wilcrest Dr. Houston, TX 77042. For more information please call 877-876-6398.
ABOUT:
NEXT Financial Group Inc. is a broker-dealer based in Houston, Texas, serving the needs of business owners and entrepreneurs throughout the country. The company prides itself in helping business owners enjoy success and financial independence through the role of smart, visionary financial planning and wealth management. The company was founded in 1999, and is currently led by President Barry Knight. More information about the company can be found online at .