Page 18 - Investment Advisor February/March 2023

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Sponsored by THINK ADVISOR In partnership with

Independence:

The View from

the Other Side

How a group of financial
advisors made their journey

to independence, built their
businesses, and served
their clients

By Bobbie Turner

Key Takeaways

Becoming independent requires a paradigm shift for financial advisors
Independent financial advisors may have greater control over the client experience
Independence can allow for greater flexibility and creativity
View the full video panel discussion at
www.thinkadvisor.com/2022/12/07/financial-advisors-talk-independent-success/

n increasing number of advisors are breaking away from traditional wirehouses
to start their own practices under an independent contractor model, drawn by the
Apotential of being able to craft their own client experience and a desire to build
equity that can eventually be monetized for their own retirement.
1

Independence has given these advisors and responsibility. What is the journey like
the flexibility to respond to a rapidly evolv- for a financial advisor? To gain insights
ing marketplace, as well as the ability to into that decision-making process, five
focus on client goals apart from bureau- advisors who work with Wells Fargo
cratic limitations. Advisors Financial Network spoke about
the challenges they overcame and the
The decision to become independent is a rewards they have reaped for themselves
significant one, involving a radical shift in and their clients along the way.
mindset and the need to reexamine risk

1 Independence: The View from the Other Side

IA_Full Page Ads_February-March_2023 updated.indd 16 1/12/2023 5:41:51 PM