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The Choreography of a Move to Independence with Tim Oden

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An inside view of the growth of the independent space—and what advisors need to do to make their own move successful.

As more and more advisors consider a move to the independent space, they often express concern about the heavy-lifting such a move might require.

In this episode Mindy is joined by Tim Oden, Senior Managing Director for Business Development at Schwab Advisor Services. With his 30-years of industry experience, he offers a great perspective on the ever-increasing movement towards the independent space. Together they explore what’s really behind the momentum, as well as:

  • Why even UHNW advisors are moving to the independent space.
  • How the RIA space has changed over the past decade.
  • The evolving role of custodians in the space (it’s no longer only about the safe custody of assets).
  • How the technology available to RIAs contributes to advisors’ efficiency and growth.
  • The benefits of independence to clients.
  • How changes in the industry (transition deals, the breakdown of Protocol, the possibility of a bear market) will impact the decisions of advisors considering independence.

Related: What’s Driving Non-Protocol Advisors to Independence?

Tim shares some really sage thoughts about independence, but one valuable nugget stood out for those considering the space: Clients value trust above all else. Having that trust is what’s key to both the success of a move and ongoing growth of your business.

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