Going Independent: What to Consider Before You Leap
Date: Tuesday, September 25, 2012
Time: 1pm ET | 10am PT
Many advisors at full-service brokerage houses are considering making the move to independence. As the reputations of the big brokerage firms have suffered over the past few years, and as the investment options, technology and business support provided by independent broker-dealers, RIA custodians and rollup firms have narrowed if not eliminated the gaps between the Wall St. firms and independent firms, taking such a step can be more appealing to brokers for a number of reasons.
However, there are many issues to consider before taking the leap into independence--whether you’re moving from an employee-based business model to an independent business model, an independent contractor broker-dealer rep moving from one BD to another, or moving to a fully independent RIA model.
Learn how to do it the right way and avoid potential pitfalls.
Join Investment Advisor for this live, interactive webcast, sponsored by Raymond James, and hear from a panel of industry experts as they discuss the questions you should ask first and the business, legal, compensation, technology and client-retention issues you will need to consider on an ongoing basis before going independent.
James J. Green
Editorial Director, Investment Advisor Group
Summit Business Media
James J. ‘Jamie’ Green is the editorial director of the Investment Advisor Group of Summit Business Media, which includes Investment Advisor and Research magazines and AdvisorOne.com.
Tim Welsh, CFP
Founder and President
Tim Welsh, CFP, is the founder and president of Nexus Consulting. A former wirehouse broker and RIA custodian executive, Mr. Welsh is acutely familiar with the key business, technology and compensation issues that a move to independence engenders.
Tom Giachetti, Esq.
Chairman, Securities Practice
Stark & Stark
Tom Giachetti, Esq., is the chair of the Securities Practice at Stark & Stark, which specializes in providing legal guidance to individual advisors and firms in the independent broker-dealer and RIA space. Mr. Giachetti is Investment Advisor magazine’s Compliance Coach and a former investment banker and registered representative.
David B. Patchen
Raymond James Financial Services
Dave has been a Financial Advisor since 1988. He holds NASD Series 3, 7, 24, 63 & 65 licenses. He began as a wirehouse Advisor, before moving on to become an independent contractor business owner like many of you. He joined RJFS in 1998 as Recruiter, before moving into Sales Management in 2003.
Dave has been quoted in numerous trade publications on practice management issues and was a past guest lecturer at Stanford University’s Graduate School of Business on sales and business development, and was also a top rated speaker at The Securities and Investment Institute in London England in 2008.
Director, Strategic Content Group
Summit Business Media