 In a wirehouse, you operate in a very confined environment. It’s almost like working for McDonald’s: You can buy the hamburger only from McDonald’s, the buns only from McDonald’s, the fries only from McDonald’s. As long as you buy everything from McDonald’s, everything is fine.”Amit Stavinsky |
Fear of Flying: Jumping From Wirehouse to Independence
Jane Wollman Rusoff | Advisor One, February 2012
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Summary: Fear of Flying depicts two advisors, one from the East Coast and one from the West Coast, who leave their respective wirehouse firms and start their own RIAs. The advisors describe their choice points, fears, challenges and success.
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