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Podcast

Independence for Financial Advisors

Quasi-Independence: The Sophisticated Independent Model that Offers the Best of All Worlds

Posted by Mindy Diamond

Many advisors who explore full-on independence find that it’s just too much of a leap. For those folks, the quasi-independent space may be just the ticket.

Although the name isn’t sexy, quasi-independence is a new-fangled and modern twist on RIAs, emblematic of how the industry landscape has expanded to address the changing needs of the advisor population at large.

In addition to citing several examples of quasi-independent firms, Mindy discusses what draws advisors to the model, including:

  • Aggressive recruiting deals, oftentimes a mix of cash and equity.
  • Access to an amplified set of investment solutions.
  • Cutting edge technology.
  • Compliance and turnkey back-office support that many wirehouse advisors have come to depend upon.
  • Their built-in “safety net.”

For advisors feeling constricted by the big firms, but not quite entrepreneurial enough to go it alone as an independent, quasi-independence could be the answer.

 

Podcast: Play in new window | Download (Duration: 12:00 — 17.2MB) | Embed

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Related Resources

Quasi-Independence: The Super-Sophisticated Boutique Model Taking the Industry by Storm
The name isn’t sexy enough for this new-fangled spin on RIAs. Read->

The Spirit of Independence has never been stronger
The top 5 trends of 2017 set the stage for growth in 2018. Read->

The Spirit of Independence has never been stronger [infographic] An at-a-glance view of the top 5 trends of 2017. View->

 

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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    WHAT OUR LISTENERS ARE SAYING…

    • I would say one of the best things I ever did was listen to your podcast. I listened to it a thousand times. There are so many aspects to explore. You’re driving blind until you actually engage a professional.

      Michael Henley
      Founder & CEO, Brandywine Oak Private Wealth
    • Fantastic Podcast and a must-listen for anyone considering Independence!

      Robert Walter
      President, Sanctuary Wealth
    • This is outstanding. Every team considering independence should listen.

      Chris Cooke
      Managing Partner, Cooke Financial Group
    • Every advisor at a brokerage firm should listen to this podcast. I’m convinced that most advisors don’t realize their real value. Do your research. You deserve your true value and going out on your terms. It’s your life’s work. Even if you don’t transition to independence, know your value and options in order to make an educated decision.

      Robert Harris
      Senior Wealth Advisor, Avidian Wealth Solutions

     

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