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What this breakaway advisor learned by going indie

HERSCH: Best piece of advice is that it’s not easy. It is an extremely difficult enterprise to start a business, run a business, you truly are an entrepreneur in addition to being a financial advisor, and if all you’ve done is the calculus on payout ratios between what you are making at a bank and what you could make on your own, then you should probably go and do a little bit more research.