Curated News
By: NewsRamp Editorial Staff
October 16, 2024
XYPN Launches Sapphire: A New Path to Independence
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Discuss on SubstackTLDR
- XYPN's Sapphire offers fee-only advisors best-in-class technology and resources without traditional fees, creating a competitive advantage.
- Sapphire's RIA affiliation model provides comprehensive support across compliance, investment management, bookkeeping, and business coaching.
- Sapphire allows fee-for-service planners to focus on clients, not compliance and regulations, creating a better experience for both advisors and clients.
- Sapphire's SEC-Registered Investment Advisor status bypasses lengthy state-level registration, offering a more efficient and consistent regulatory process.
Impact - Why it Matters
This news matters because it provides fee-only advisors with more flexibility and control over their firms, allowing them to focus on clients rather than compliance and regulations. The launch of Sapphire offers a new way for advisors to achieve independence and is expected to have a significant impact on the industry.
Summary
XY Planning Network (XYPN) has announced the launch of Sapphire, a new Registered Investment Advisor (RIA) affiliation option designed to provide fee-only advisors with top-tier technology, support, and resources without the usual constraints associated with joining a corporate RIA or broker-dealer. Sapphire members own their business, clients, and data, and can transition with 100% of their revenue to another platform anytime. This option offers a simple fee structure and is expected to transition roughly 50 advisors by the end of 2025.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, XYPN Launches Sapphire: A New Path to Independence
