One year later, these same team members have been working independently at home, causing advisors to re-examine the team concept. What is the structure?” said Wendy Holmes, Managing Director at UBS Private Wealth Management in New York. 1 on the Forbes/Shook Top Wealth Advisor ranking, said he uses a virtual trainer to help motivate team members. Once you have been on our team for two years, you become a partner and an owner in the business,” Erdmann said. How the advisor’s business is structured is key to success, said Lyon Polk, managing director with Morgan Stanley Private Wealth Management in New York.

Source: Forbes March 18, 2021 13:06 UTC