For Advisors contemplating an independent path, staying in front of regulatory changes is not just business as usual; it's a strategic necessity. As consumers and investors become more discerning, robust governance has become both an ethical and competitive imperative. The compliance landscape is continually evolving, presenting both challenges and opportunities for those seeking to move [...]
As we head full-speed into 2024, many forward-thinking Advisors will contemplate whether this is the year to discover a fresh perspective and a bespoke path to greater fulfillment. Strategic tactics are essential for achieving independence and elevating your practice to unprecedented levels. Striking out on your own offers much more freedom — but it requires [...]
Making the transition away from the traditions and presumed reliability of the wirehouse to a more independent model can be fraught with anxiety and uncertainty. But a seismic shift is underway as Advisors increasingly venture into the world of entrepreneurship and take control of their practices. This move offers more freedom, flexibility, and autonomy, as [...]
Prospera Financial Services is an award-winning independent boutique independent firm based in Dallas, Texas. Founded in 1982, Prospera embodies the advisor mindset of freedom with a focus on service and innovative offerings. Built by advisors, for advisors, Prospera understands advisor challenges, concerns, and opportunities – and offers a variety of ways to run, grow and [...]
The decision to break away from the traditional wirehouse model is a bold step toward freedom, innovation, and autonomy, as well as increased professional satisfaction. However, the road to Advisor independence is paved with complexities that demand meticulous planning and execution. While this move offers more flexibility, control, and potential income, it also requires more [...]
Veteran advisors can find themselves confronting a dizzying array of options when it comes to breaking away from the restrictive management and structure of the wirehouse and pursuing an independent path. Registered Investment Advisor (RIA) firms have experienced impressive recent growth as savvy investors seek out fiduciary advisors with an obligation to put clients’ interests [...]
For wirehouse advisors contemplating a move away from the wirehouse, the idea of successfully navigating a transition can be intimidating. After all, it’s one thing to understand that a move might best fit your business plan, or might offer you the freedom to run your practice in a way that better suits your business and [...]
For advisors who have decided to forge an independent path and break away from the wirehouse, understanding how to navigate a smooth transition is critical. A strong transition plan can help independent advisors to maximize client retention, ensure compliance with all applicable ethical standards, and guarantee that your new business hits the ground running. But [...]
Financial advisors considering a move away from the wirehouse can easily find themselves overwhelmed — both by the wealth of options available to advisors, and by the difficulty of timing the transition. Knowing when you’re ready to move on from the rigid structure of the wirehouse can be as important as knowing what you want [...]
You have years of valuable experience and a solid ecosystem of clients and colleagues, so on the surface, you might not immediately see the benefits of working with a highly specialized consulting and recruiting firm dedicated to pairing elite Advisors like you with the right firm that would take your practice to the next level. [...]
