When you are making the move to independence, you are learning a lot of new things at once. If you can find someone to help you open accounts and process transfers, you can take a lof of pressure and labor off yourself (and your assistant if you have one). In this episode I talk about things to look for when finding a transition team.
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.
Many independent advisors brag about their 90% payout, but we all know that is not net. But how do you go about comparing your payout at an employee firm to what you might net in an independent business model? This episode gives you an overview of how to get started on that comparison.
The new DOL changes are a hot topic among people in our industry. Today I thought I'd scatter-shoot on my thoughts on the rule and how it might affect independent financial advisors.
Today I talk with Mary Ann Buchanan of RIAmatch.com. Much like this site, Mary Anne's goal is to help educate advisors and connect them with RIA firms that are looking to add independent advisors.
What's keeping you from leaving your employee model firm and going independent? Today I break down reasons I think you should not go independent and stay at your current firm.
A veteran of almost 50 years in financial services, advisor LInda Mills joins me and talks about her experiences in the industry and how the independent model differs from other 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.
After 14 years at Edward Jones, Brad Weddle transitioned his successfull practice at possibly the worst time - and has enjoyed continued success as an independent financial advisor.
I thought I would share a recent episode of the Radical Personal Finance Podcast. The host, Joshua Sheats is a former financial advisor whose podcast has taken off, and aims to educate investors and advisors alike on the world of personal finance.
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.
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.
