Madison Professional Group

Madison Professional Group (MPG) is a recruitment firm that connects financial advisors with financial firms. It serves financial professionals in the advisory and banking spaces, and works with traditional brokerage firms, independent brokerages, RIAs and custodians, banks and multi-family offices. It says many of its advisor clients hold investment licences and have been practising for five to seven years.

The firm says it rejects cold, number-driven sales practices and measures success by how long connections last rather than by the number of placements. It does not accept retainer fees or work for any one firm. Advisors use the service at no cost, and the firm is paid by the firm the advisor joins, or by the acquirer where an independent business owner is considering a merger or acquisition. It also advises on monetising a practice, going independent, succession planning, and acquiring or selling a business.

MPG advises financial advisors in Houston, Dallas, Fort Worth and Oklahoma City, and presents itself as a national financial recruiter. It says it has been in the HR and recruiting industry for over 10 years. For firms, it learns their guidelines and goals and then identifies candidates to fill the role.