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Summary: Once upon a time, brokers seeking independence left their brokerage firm employers but detoured to a hybrid/dually registered business model before moving on to becoming fully independent RIAs.
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Summary: Financial advisor Ric Edelman, the founder of Edelman Financial Services that has $22 billion in assets under management, and his wife have authored a children’s book to help parents teach their kids financial literacy.
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From Mature Solo Practitioner in North Carolina
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From Market Dominator, Metropolitan San Francisco, CA Area
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Summary: Independent RIAs can derive benefits they may not have realized by leveraging a chief operating officer to manage day-to-day responsibilities. So says the sixth in a series of industry reports from PFI Advisors, a firm that works with billion-dollar breakaway teams to establish their own RIAs. The report says that although RIAs generally regard COOs as cost centers and not revenue generators, leaving the management of ordinary activities to COOs frees up RIAs to focus on business development and client service.
