The Investment Advisor Alliance, in cooperation with TradePMR and Sterne, Agee, and Leach, offer an innovative facility to accommodate dually registered investment professionals. Our hybrid program allows for advisors to maintain their securities licenses, make commissionable sales, and continue to be brokers while maintaining a separate book of business for their advisory business.
Advisors can conduct both fee and commission business through this collaboration. The ability to maintain segregated sales and advice businesses to supplement each other for the clients good has, in the past, been a challenge. Today, with two firms, independent advisors may truly conduct their business their way.
Bringing a unified platform, TradePMR's e-Custody workstation is your gateway to managing your advisory accounts and your commission accounts in one place. As an advisor/representative, you receive ongoing support from IAA and Sterne Agee to facilitate your business venture and your clients will receive combined statements of both their fee accounts and their commission accounts.
Compliance is an ever-present worry, and while you will have two compliance influences, both IAA and Sterne Agee take a similar logical approach. The Investment Advisor Alliance's compliance is designed to help protect you and your business and to help you run your practice. Sterne Agee is a RIA friendly broker with "common sense" compliance rules.
As a hybrid advisor with The Investment Advisor Alliance and Sterne Agee you will be subject to each company's respective requirements and fees; however, your production is never billed by both SAL and IAA. Sterne Agee does not charge any fees for your advisory business done with IAA and IAA does not charge any fees for your commission business done with Sterne Agee.
The Investment Advisor Alliance also has additional brokers dealers that facilitate hybrid business. Please contact us to learn more.
TradePMR, Sterne, Agee, & Leach, and The Investment Advisor Alliance are not affiliated companies.