As you probably know, the investment advisor landscape is changing rapidly. A significant number of advisors are moving to independence. Are you ready for it? An important step to successfully preparing for a transition is finding and working with a financing partner you can trust.

At Live Oak Bank, we offer financing solutions specifically designed to help you build an independent firm. Our IA transition loans can be used for working capital, expansion, breakaways, tuck-ins, recruiting advisors to your firm or recruiting advisors to join your platform.

Ready to go independent? We recognize that although you’re starting a new business, you already have proven industry experience and strong relationships with your clients. We can provide IA transition financing to support costs such as salaries, office rent and other startup-related costs.

Looking to bring in a new advisor? Our investment advisory lending team has the knowledge and ability needed to underwrite the projected cash outlay while also considering the assets under management of the firm or advisor joining your group.

Here’s what you can expect with a loan from Live Oak Bank:


You can kick off the financing process by connecting with us. We look forward to learning about your business, experience and the opportunity at hand. Gather your financial statements, personal and business tax returns for the past three years, year-to-date interim financials and asset and revenue summaries. We’ll typically send you a proposal letter within two to three days of receiving and reviewing your documents.

Underwriting and Approval

After we receive your signed proposal letter, you’ll begin working with an experienced investment advisory underwriter. This individual will complete a full analysis of your loan. With the loan officer, they will present your opportunity to our credit team, who will make the final decision on your loan approval. Once approved, you will receive a formal approval letter with information on terms and conditions. The underwriting and approval process typically takes seven to 10 business days.

Closing and Post-Closing

With a signed commitment letter in hand, your dedicated loan closing specialist will walk you through the final steps, including collecting your remaining loan documents. Once your loan closes, typically within four to five weeks, you will be introduced to your investment advisory team contact. You will have a dedicated point of contact throughout the life of your loan, and he or she will always be standing by and ready to answer any questions you may have.

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