Affiliated Advisors Introduces the Synthesis Advisor Program
On February 4, 2025, Affiliated Advisors, a premier advisor support platform, revealed the launch of its groundbreaking Synthesis Advisor Program, aimed at equipping the next generation of financial advisors with essential tools and resources for success. This comprehensive, multi-channel initiative is a timely response to the urgent need for innovative support in the financial advisory sector, especially as a significant number of existing advisors are approaching retirement.
Understanding the Need for Change
Research conducted by Cerulli highlights a critical challenge in the financial advisory industry: over 109,000 financial advisors in the U.S. are expected to retire in the next decade. This represents 38% of the industry workforce and accounts for 42% of total assets managed. Alarmingly, the “rookie failure rate” among new advisors exceeds 70%. Recognizing these statistics, Affiliated Advisors aims to bridge the gap by fostering a new wave of skilled advisors through the Synthesis Advisor Program.
Three Comprehensive Support Models
The Synthesis Advisor Program consists of three distinct stages tailored to advisors at different career phases:
1.
EntryPoint: Targeted at newcomers and aspiring advisors, this model offers hands-on experience through internships or staff positions in collaboration with senior advisors. Participants gain invaluable insights and practical skills through mentorship, coaching, and extensive training, setting the groundwork for a prosperous career in finance.
2.
LaunchPad: This model caters to advisors within their first decade of practice. It assists them as they transition from a captive environment to a more independent practice. Advisors can either join a newly established firm or create their own brand, receiving tools and support for establishing a thriving practice. This includes technology resources, administrative support, and crucial guidance on practice management.
3.
GrowthCatalyst: Focused on established NextGen advisors, this stage enhances growth opportunities. It connects advisors with M&A succession chances and supports organic growth through an extensive advisor community. Access to experienced M&A professionals and marketing experts allows participants to take advantage of shared best practices and collaborative opportunities, further accelerating their success.
A Vision for the Future
Rita Robbins, President of Affiliated Advisors, emphasized the importance of this initiative by stating, “Through the Synthesis Advisor Program, we are poised to change the industry by fostering a culture of innovation and mentorship to elevate NextGen advisors.” By addressing the shortcomings in training and mentorship that have historically hindered aspiring advisors, the program seeks not only to start careers but to cultivate a new generation of leaders in the financial advisory space.
Trisha Qualy, managing director of Affiliated Advisors and the program’s architect, shared insights on the high attrition rates among new advisors. “Younger advisors often cite the lack of training and mentorship as key reasons for leaving the profession,” she noted. The Synthesis initiative aims to fill this glaring gap, investing in the future success and sustainability of the financial advisory industry.
Conclusion
The Synthesis Advisor Program by Affiliated Advisors represents a transformative approach to nurturing NextGen talent in the financial services sector. By providing robust resources and immediate support, Affiliated Advisors is setting the stage for successful careers while addressing industry-wide challenges. To learn more about this innovative program, visit
Affiliated Advisors.
Securities and investment advisory services are offered through Osaic Wealth, Inc., a member of FINRA/SIPC. Other entities mentioned are independent of Osaic Wealth.