autonomy

Spring has been called the season of new beginnings. So, it’s not surprising this time of year gets people thinking about switching things up on the professional front. It’s a big decision, no matter who you are; But, if you are a financial advisor, making a move to a new firm or business model can be particularly complicated. There are many constituents who’ll be impacted, including the advisor’s team and clients. And there are many options to consider. I thought it might be interesting to run through a hypothetical scenario to discuss all that goes into the assessment. Let’s take a look at Stanley Lynch, an advisor at one of the large wirehouses. He’s been in the business for over two decades and has earned the trappings of success that accompany hard work and commitment: $450 million AUM, with $3.5 million in annual revenue, most of it recurring. He’s got a [...]