10 Things Advisors Should Know Before Starting an Independent RIA
Should you form your own independent RIA as a financial advisor? For solo advisors and advisory teams who are tired of living under corporate restrictions, independence offers the appeal of more control, higher take-home revenue, and running their business their way. However, unlike larger teams with half a billion or more in revenue and built-in infrastructure, many advisors are not prepared for what’s ahead. When you leave a firm or a broker-dealer, you may feel like you are on an island.