Independence means doing things your way, but it doesn’t mean doing things alone. When you decided to launch out on your own as a Registered Investment Advisor, you likely had an idea in your mind of how you wanted your business to look and wanted to spend your days focusing on what you do best and what you enjoy the most. But getting from point A to point B can be harder than you expect, and the responsibilities and tasks of an independent advisor can keep you from pursuing your business goals.
Thankfully, with the surge of independent advisors on the scene in recent years, multiple affiliation models have cropped up, giving you the opportunity to choose to run your business in a way that will best support your work and your clients. Here are four key factors to consider when deciding which affiliation model is right for you.