XY Planning Network (XYPN), a leading platform for independent, fee-for-service financial planners, has unveiled a new Registered Investment Advisor (RIA) affiliation option called Sapphire. This innovative model aims to revolutionize the way financial advisors can achieve independence while receiving robust support and resources.
Sapphire offers fee-only advisors access to cutting-edge technology, comprehensive support, and valuable resources without the typical asset minimums, constraints, or fees associated with joining traditional corporate RIAs or broker-dealers. This new option complements XYPN’s existing Emerald membership path, providing advisors with two distinct routes to independence within the network.
The introduction of Sapphire addresses a significant challenge in the financial advisory industry. Many advisors who strike out on their own to gain more control over their businesses often find themselves constrained when joining corporate RIAs. Alan Moore, CEO and co-founder of XYPN, explained, ‘We created Sapphire because many of our members asked for this option. They wanted a program that would allow them to focus on clients, not compliance and regulations.’
One of the key advantages of Sapphire is that it allows advisors to maintain ownership of their business, clients, and data. Unlike other RIA affiliation models, Sapphire members have the flexibility to transition with 100% of their revenue to another platform at any time. This level of autonomy is crucial for advisors who value independence and control over their business operations.
Sapphire offers a streamlined registration process, as it operates under an SEC-Registered Investment Advisor structure. This enables advisors to bypass the often lengthy state-level registration process, potentially reducing the time to launch their practices from months to days. Additionally, for advisors registered in multiple states or facing complex regulatory challenges, Sapphire provides the opportunity to operate under more consistent SEC-level regulations.
The new affiliation model has already garnered positive feedback from early adopters. Brian Muller, founder of Momentous Wealth Advisors, praised the Sapphire team’s efficiency and support, highlighting the benefits of having a partner to handle essential client and firm management tasks while allowing him to focus on his brand and vision.
XYPN’s Sapphire membership is designed to be both affordable and transparent. The fee structure is straightforward: $1,500 per month plus 20% of the advisor’s revenue. This pricing model contrasts with the often opaque fee structures found in other affiliation models, providing clarity and predictability for advisors.
The launch of Sapphire represents a significant development in the financial advisory industry, offering a middle ground between full independence and the constraints of traditional corporate structures. It addresses the growing demand for support services that allow advisors to focus on client relationships and financial planning while offloading administrative and regulatory burdens.
As the financial services landscape continues to evolve, innovations like Sapphire may play a crucial role in shaping the future of independent financial advice. By providing a new path to independence with comprehensive support, XYPN is positioning itself at the forefront of this industry transformation, potentially influencing how advisors structure their practices and serve their clients in the years to come.
Interested advisors can learn more about XYPN Sapphire and its offerings by visiting the XYPN Sapphire website for advisors. Additionally, consumers can find information about the services provided by Sapphire-affiliated advisors on the consumer-focused website.
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