How do the economics of going independent compare to the value of taking a recruiting deal from a major firm?
The number one question advisors ask when exploring a move to independence is how the economics compare to accepting a recruiting package from a major firm. It’s certainly a valid concern, because while the recruiting deals being offered by the wirehouses are down, it is still very possible for a top advisor to get a really attractive hard-to-pass-up offer.
In this episode, Mindy will help answer that question by walking through a real-world example of a traditional recruiting deal offered to a wirehouse advisor and what that same advisor could expect by going independent.
Related: Independence: Taking a Leap of Faith to Build an Enduring Legacy
Mindy will also explain:
The superior long-term economics of the independent space – coupled with the satisfaction of business ownership and the ability to build a real enterprise – are why many entrepreneurial advisors to take the leap. Yet it’s important to understand how those economics really compare to other opportunities you may be evaluating.