“When wirehouse brokers consider shifting to independence, they need to weigh a lot of factors and ask a lot of questions. John Stuart and Mag Black-Scott of Beverly Hills Wealth Management provide 11 questions that should be top of mind for advisors before making the move.”
In a nutshell, these factors include:
- Technology
- Employment
- Platform Costs
- Payout
- Product Ecosystem
- Client Service Support
- Trading Support
- Marketing and Business Development
- Profit and Loss Responsibility
- Bring Your Own Device
- Information Security
To learn more about these factors, read the article as reported by OnWallStreet.com on July 5: they should be carefully considered before making the move to the RIA arena.