The CEO of an independent firm joining you in a prospect meeting and helping you land a $35 million account is but one topic sure to arise — and surprise — in a free, live and interactive virtual conference on going independent set for Wednesday.
That story of a unique arrangement whereby some advisors in a nationally known indie firm report to a separate OSJ, receiving lower payouts but greater support, is likely to come up in a panel session on unusual business models, one of five sessions in ThinkAdvisor’s Going, Going Gone—Going Independent and Beyond event.
It attests to the fact that the world of independent broker-dealers is perhaps wider and deeper, and offers greater opportunities, than many advisors suspect.
Of course, there are numerous advisors for whom the employee model and national branding of the major wirehouse firms are ideally suited.
Yet for entrepreneurially minded advisors who think their bottom lines or lifestyles could improve through a change of firm, Wednesday’s event will take participants through a menu of options while providing practical, how-to guidance.
With live sessions, the ability to send messages to panelists and booths you can visit just as at any other trade show, participants browsing our virtual halls will want to be sure to hear the keynote session, where ThinkAdvisor’s Jamie Green will speak with two advisors who made the move from wirehouse to independence.
One of them, Traci Richmond, became an independent contractor while another, Mike Patton, became an RIA. The two tell their war stories, the gain and pain they experienced in their moves, and securities attorney Stephen Galletto joins them to offer financial and legal perspective on how, and how not, to go independent.