Going independent

The planner, who oversaw $132 million in client assets while at the wirehouse, is starting out on his own with help from Raymond James, the firm said.

Should advisers opt for better platform options or losing back-office and administrative tasks?

Make sure to devise a clear, easy-to-understand plan that correctly values the practice.

Advisers shouldn’t let fear of the unknown stop them from breaking out on their own.

Here are three important factors to take into consideration when breaking away.

Here are three important factors to take into consideration when breaking away.

Advisers shouldn’t let fear of the unknown stop them from breaking out on their own.

Going independent is alluring, but it also has its quirks. For instance, there is usually no support staff. Finding new clients while properly serving existing ones is “a juggling act,” CFP Tom Fredrickson says.

Advisers shouldn’t assume that all their favorite clients will follow them out the door.