Added on January 2014 in Join an RIA
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Summary: Based on a decades worth of research, Angie Herbers shares 25 key foundational questions that must be answered to make an advisor’s career more successful, whether it be working in an existing business, being an owner-advisor or going independent.
Added on December 2013 in Join an RIA
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Summary: Transitioning to a fee-based business has never been easier. And since most clients don’t understand how you get paid anyway, the move is a chance to clear the air and explain your value.
Added on December 2013 in Join an RIA
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Summary: Anyone who has decided to pursue independence after leaving a wirehouse had better be prepared to shed the mentality such institutions foster, experts say. Running a business simply calls for a different set of priorities than those required to thrive within the cozy confines of a megabank.Getting set to manage things — like office overhead, market intelligence, staff development, client care and the technology for pulling it all together — previously supplied by the head office requires constant vigilance and a sound perspective
Added on December 2013 in Join an RIA
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Summary: It is important to examine the key issues, pros and cons to consider before considering a transition to an RIA. And although we often say decisions in life are “not about the money,” they generally are, so let's have a look. A look at compensation structures show that equity is as a good as a “check”.
Added on December 2013 in Join an RIA
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Summary: Bill Schwartz, an independent adviser who broke away from Merrill Lynch, has considered the pros and cons that a wirehouse adviser must weigh when deciding whether to make the transition to an RIA. He’s pinpointed the key questions advisers should have answers to as they decide whether or not to break away. Here are the 10 biggest questions to address before turning independent.
