As a forward-thinking wealth management professional, your book of business is one of your most valuable assets. It’s the foundation of your practice, representing years of hard work, relationship building, and delivering personalized guidance that has helped your clients achieve their financial goals. Planning an exit strategy is essential to get the most out of [...]
Breaking away from a traditional wirehouse or large financial institution to start your own Advisory practice is a bold and exciting step. As an independent Advisor, you gain the freedom to define your unique approach, serve clients in a more personalized manner, and potentially see increased profitability. However, in the competitive financial services landscape, success [...]
As the wealth management industry stands at the cusp of a transformative era, Advisors face a dynamic and uncertain environment that requires not just adaptability but also foresight. Today, the convergence of multiple factors — economic uncertainty, the looming Great Wealth Transfer, and the continued rise of AI-powered investment technologies — is creating a world [...]
As a forward-thinking wealth management professional, you're undoubtedly passionate about helping your clients achieve their financial goals. But even the most dedicated Advisors may find themselves at a crossroads, considering a transition away from the confines of traditional wirehouses or large banking institutions. This shift towards independence can offer newfound freedom, greater flexibility, and potentially [...]
With the freedom of moving to an RIA comes the irresistible opportunity to craft stronger client relationships, gain more control over your choices, land potentially higher earnings, and enjoy the ability to create a more flexible work-life balance. However, it can also bring more responsibilities and challenges when it comes to navigating the complex landscape [...]
If you’re ready to break free from the wirehouse and explore new horizons as an RIA, you may be somewhat anxious about client churn during the move. While some winnowing may be inevitable, the expert consultants at TERRANA GROUP have over 31 years of experience guiding Advisors through a successful metamorphosis to a more rewarding [...]
As an independent Advisor or aspiring RIA, one of the most crucial decisions you'll make is selecting the right custodian for your firm. Your custodian plays a pivotal role in safeguarding client assets, facilitating trades, and providing needed back-office support. With numerous options available in today’s ever-evolving market, how do you find the solution that [...]
For financial experts seeking greater independence and control over their practices, becoming a Registered Investment Advisor (RIA) can be a transformative step toward discovering new horizons. However, the process can seem daunting, with intricate regulations and varying licensing and credential requirements — and there are many myths and misconceptions about leaving the confines of the [...]
One of the most common concerns for Advisors making the move to a more independent path is how to best communicate these changes with their current clients. Transitioning to an RIA or hybrid model represents a significant shift in your practice, offering increased flexibility, opportunities for growth, heightened earning potential, and the ability to find [...]
Are you ready to take charge of your future, leave the confines of the wirehouse, and discover more flexibility and fulfillment? Transitioning your Advisory practice is a significant step that requires strategic thinking and determination — as well as industry insights and guidance. Whether you're contemplating a move to an independent broker-dealer, a boutique RIA [...]
