Jared Rabinowitz leads a panel to help advisors navigate independent financial options in the US
In an article by Wealth Professional produced in partnership with Q Wealth, Jared Rabinowitz, CEO and founding partner of Q Wealth Partners, is highlighted as a prominent figure in the Canadian independent financial advice movement.
Rabinowitz has long sought inspiration from the US Registered Investment Advisor (RIA) model, which has seen significant growth.
To bridge the gap in understanding between Canadian and US financial advisors, Q Wealth is set to host the Canadian TIKI Lounge at the Future Proof festival in Huntington Beach, California, from September 16-18.
The event will feature a panel moderated by Jason Pereira from Woodgate Financial and will include Rabinowitz, Ben Felix (CIO at PWL Capital), Christine Rodrigues (COO at National Bank Independent Network), and a US-based special guest.
The panel aims to provide Canadian advisors with insight into the opportunities for going independent. Despite many advisors leaving banks for independent firms, Rabinowitz notes that Canadian professionals lack understanding of the US RIA space, where over 17,000 firms have emerged.
Rabinowitz outlines four challenges—credentials, compliance, complexity, and cost—that have historically slowed the growth of independent firms in Canada.
However, he believes the tide is turning, especially with increased interest from US private equity firms and changes brought by CIRO regarding advisor incorporation. Rabinowitz said, “There’s a real inflection point coming,” and emphasized the need for advisors to consider their options.
The discussion will cover ownership of client relationships, and the enterprise value associated with them. Rabinowitz stressed that bank advisors may be missing significant opportunities by staying in their current roles.
Pereira and Rodrigues both emphasized the unique value of the TIKI Lounge, with Pereira calling it “a beacon call to like-minded people.” Rodrigues noted that independence is still a mystery for many Canadian advisors but added that the panel would help raise awareness of the available options.
For those unable to attend the live panel on September 16, Q Wealth plans to make a recording available at a later date. Wealth Professional will also provide coverage.
