Curious about what production level you should be at when you are considering independence? In this episode, I'll talk about payouts, expenses and what you'll expect to take home when you go independent.
The upcoming implementation of the DOL ruling has some advisors questioning if they'll stay in the business. We'll discuss some things for those advisors to consider, as well as potential opportunities for those who are sticking around.
Today I'll talk about an example of why saving ONE minute a day is easily worth $100/year and other ways to maximize your time when you're a financial advisor.
Planning and executing a transition to independence does involve some risk. You can't predict the future, but you can plan for mitigating the biggest and most obvious ones. We'll cover the biggest risks in making the move.
Going from employee to independent advisor, you may find you have to take care of some details you're not used to dealing with. We cover those in this episode.
A lot of independent advisors use virtual assistants as part of their business. In this episode, I'll discuss the reasons to consider using remote/virtual assistants in your practice.
You've made the decision to go independent, now you are trying to optimize your timing. In this episode we talk about the best times to make a move.
If you have been in an employee firm your whole career, RIA and B/D may be familiar but still somewhat foreign concepts to you. We briefly describe what each is and answer a listener's question about whether or not he setup his own.
If you set up your own business, but none of you clients come with you---well, then you don't have much of a business. In this episode, we review the some factors that have a correlation with client retention in a move to independence.
When you are making a firm change, it is a natural time to question your business model and consider making changes you would like have in place for the future. This episode discusses the pros and cons of making a change in business model at the same time you are setting up your own practice.
Preparing to go independent can be complicated. The "Broker Protocol" gives us a framework for the legal considerations when changing firms.
Have you thought about what you will actually need to become an independent financial advisor? In this episode I break down the most important things you will need to have in place before your make the move to independence.
What does it mean to be an independent financial advisor? Sometimes advisors think independent means starting from scratch, but in this episode, you'll find out that's not the case 99% of the time.
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
In this episode, I discuss health insurance for independent financial advisors. We'll break down the costs and coverages and how it differs from your plan at your current employer.
