Here on HTGI, we like being independent -- so we may tend to gloss over the fact that it is not for everyone. This episode is the first in a series walking you through the whole process: from the first awareness that being independent is possible to the day you make a move. I cover some obvious reasons to continue down the path researching independence as well a few reasons that you probably shouldn't.
Have you done a cursory analysis of the benefits of setting up your own practice? If you have, you probably compared your net payout now to your potential net payout on your own. While that is useful, there are also very intangible and unknowable benefits that can emerge with the flexibility of being a business owner. I talk about 6 of the big ones that have made an enormous benefit in my business and life.
Starting completely from scratch seems overwhelming, so some advisors sign up for fully bundled solutions when they go independent. I discuss the pros and cons of that approach in this episode.
Ashley Hodge, an independent financial advisor from the Fort Worth area, shares his path to the independent channel. Ashley talks about two drastically different transitions in his career, and also breaks down how he has lowered his overhead by going independent.
In this episode, I'll talk about how your production payout as an independent financial advisor can differ from the employee advisor model. I'll also discuss the various expenses a indpendent financial advisor might incur that employee-advisor might not b