I want to give you my insightful industry lessons learned from my most recent trip to Old Navy. Yes, that’s right….Old Navy—the clothing store.
Considering independence? Check out the articles below for more info on going independent. Have your own thoughts? Let us know in the comments below or email us at Sean@IndyFA.com
This is an example of the kind of practice buyout that could propel your career and life as an independent advisor.
If you are going to be a business owner---even with a lot of support--you may want to expand your universe of content you read/listen to/watch. Jason Fried of Basecamp (formerly 37signals) is a great example of someone who can help you "think outside of the box."
Introduction to a resource to help you find a buyer, seller, OSJ, RIA, or resources to start your own new platform.
If you are a financial advisor going independent, you need to make a decision about your office space. Here's how I went about making that decision and why it worked out well for me and my clients.
I recently met with an advisor who is researching going independent from a big firm, and he asked me this...I didn't feel great about my response at the time, so I recorded this video to more thoroughly answer.
Action leads to inspiration, NOT the other way around!
This is part four of an interview I did recently with an advisor currently in the transition process. He built a successful practice and decided to make the leap to independence despite being a "one firm for life" advisor early on. I've changed his name in the article to protect his identity.
Those of us that have been independent for a while sort of instinctively know there's a nice economic advantage to being independent. However, if you're not there yet, I want to go through each category that you need to have a sense of, both in your current situation and in an independent model, and how to account for each one. You can then do a hypothetical profit and loss statement. How would it look if you had your own practice? It is hard to nail down the numbers (especially on the "what if you go independent?" side), but you can certainly get a pretty good estimate of what the numbers look like, and that will help you decide if it's worthwhile to you. I will touch on some of the reasons or situations where it might not make sense to go independent.