Inland Bank's relationship-focused Financial Advisor Loan program supports transition and growth

  • Tiffany Tyson

    Tiffany Tyson

 
By Tiffany Tyson
Inland Bank
Posted7/24/2022 1:00 AM

Launched in 2018, Inland Bank's Financial Adviser Loan Program was established to help independent financial advisers grow their business and client base through the acquisition of another financial adviser's book of business, via partner buyouts or debt refinancing.

The program services financial advisers across the country, providing conventional loans at a substantially lower rate than the SBA 7(a) loan program as well as flexible structures and favorable pricing and terms.

 

Program features and terms include no cash equity required from buyer, competitive fixed interest rates, and up to 10-year amortization.

When the program began -- and even still today -- there was a growing demand for financial adviser loans as the number of financial adviser retirees increased. By listening to financial advisory clients and providing customized solutions, Inland Bank built a foundation of long-term, continuous support to help with financing as a financial adviser's practice grows.

As many financial advisers decide to retire later in life, many opt to sell portions of their business in separate transactions. This allows the retiring adviser to remain active in a lesser capacity, while capitalizing on a segment of the business they have built.

These portfolios are often established after years of cultivating personal relationships. As a result, selling the business to a new adviser is more than just another transaction. It's creating a relationship between the advisers as well as with Inland Bank as the lender.

As a community bank, this is an added advantage of offering clients in this niche industry personalized service and support to help transition and grow their business.

Since inception, the Inland Bank Financial Adviser Loan Program has funded nearly $20 million in loans to financial advisers located in Alabama, Arizona, California, Colorado, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Texas and Wisconsin.

For more information about the Financial Adviser Loan Program, contact Tiffany Tyson at ttyson@inlandbank.com or (630) 908-6623.

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