Resources for Breakaway Advisors

guidance for going independent

Whether you’re breaking away from a bigger firm or just starting out on your own as an independent advisor, the journey to launching a new RIA can feel daunting. But with the right resources, a broad support network, and a rigorous framework, it could be the best decision of your career.

Your Transition to Independence

According to a recent industry study, 100% of advisors who made the decision to go independent would do it again. The journey to independence is unique for every individual and team, but there are some universal steps that need to be understood when launching a new firm. We’ve assembled our best thinking for those leaving a wirehouse, or just starting out as an independent advisor. Explore this collection of eBooks, checklists, case studies, and blog posts.

eBook: Breaking Away the Right Way

A blueprint of best practices for launching a new firm.

Starting a new RIA has the potential to be one of the most significant decisions you can make in your career. Breaking Away the Right Way is a blueprint on best practices for launching your new firm, presented in an easy-to-follow, phased approach across multiple areas: Custodian Selection, Legal Representation, Compliance Oversight, Business Structure, Tech Stack, Investment Management. This eBook is the perfect starting point as you start your new firm. Read more >

The Complete Breakaway Checklist

A step-by-step checklist for gong independent.

According to a recent industry study, 100% of advisors who made the decision to go independent would do it again. While independence comes with a host of benefits – increased net worth, stronger client relationships, more freedom and flexibility – getting off the ground is a lot of work, with plenty of boxes to check before you’re ready to open your doors. Follow our breakaway checklist to make your transition as smooth and headache-free as possible. Read more >

Should You Outsource Your Investment Management?

3 Questions for Investment Advisory Firms Considering a TAMP

Understanding the benefits and the tradeoffs of outsourced investment management will help you make the decision that is right for you and your practice. Any investment advisory firm considering a TAMP needs to ask themselves these 3 questions. Read more >

Deep Dive: 10 Steps to Starting an RIA Firm

A no-frills accounting of the steps to launch a new firm.

Here’s our deepest and most detailed look into exactly what it takes to start an RIA. First keep these three things in mind: 1) Don’t rush 2) Be thoughtful about client communications and 3) Ensure you have the necessary capital. From there, follow our 10-step framework to launch your new firm. Read more >

Q&A: Hear from an Experienced Transition Consultant

Grier Rubeling of Advisor Transition Services lends her views.

We sat down with Grier Rubeling, founder of Advisor Transition Services. As a consultant, Grier helps advisors navigate and understand the process of starting an RIA and assists them with the administrative and operational aspects of transitioning a current book of business. Read more >

The Case for Leaving a Broker-Dealer

Why financial advisors consider leaving a BD to go independent

There are a lot of factors that can push an advisor at a broker-dealer to leave and start an RIA. For example, an advisor may feel that compliance oversight in the broker-dealer structure is overly burdensome. A lack of flexibility in the operation of their practice may be unattractive because it limits the full range of solutions they can offer their clients. And it goes without saying that the lure of better economic payouts is also a significant draw to the independent RIA market. Read more >

Case Study: Advisor Launches New RIA & Increases Payout by 180%

Learn how this advisor engaged GeoWealth for his new RIA

John was a 50-year-old advisor who had been at 3 different wirehouses over his 25-year career in financial services. Before becoming a financial advisor, John had been an institutional trader for 10 years. John was managing about $100m in AUM with 80% in fee-based accounts and 20% in traditional brokerage. Each year, he had been doing less and less commission-based business. Read more >

Blog: Defining Your Breakaway Firm’s Unique Value Proposition

Identifying and articulating why clients should choose you

When you think about the reasons advisors pursue independence, it makes sense: higher payouts, better client relationships, more flexibility to serve their clients their own way, and the chance to build their own vision for their careers. But the breakaway road isn’t all glory, no guts; it’s a lot of work to set out on your own. Things advisors don’t have to think about at behemoth firms (such as insurance, compliance, custodial partners, billing, trading, and reporting technology) now become their responsibility as business owners. Read more >

Ready for independence?

We Can Be Your Breakaway Partner

Choosing the right support system is critical to your success as a breakaway advisor. GeoWealth uses proprietary technology to power our TAMP, keeping costs low for advisors just starting out.

What’s more, the team at GeoWealth has years of experience helping advisors build their own businesses, from our close partnerships with custodians, compliance consultants, lawyers and other tech providers to ongoing support from the very beginning of your transition.

Let us help you navigate your journey to independence.

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