Perspective

Chart your own path in wealth management

How the evolution of business models allows advisors to take control where they want it and get support where they don't.

Key Takeaways

Going independent doesn’t mean what it used to: The well-worn paths to advisor “independence” involve leaving the support of big firms behind for the autonomy of RIAs. But the proliferation of new support models and providers has blurred the lines between traditional models while introducing new ones. Today, independence isn’t about advisors moving to new channels or starting new firms—it’s about them being able to choose how to spend their time and run their business.
This shift presents a challenge and an opportunity: With so many new and evolving options within this vibrant ecosystem, finding the right fit has become more complex. On the other hand, this wealth of choice offers tremendous flexibility for advisors to pinpoint the support they need to keep up and stand out in this dynamic environment.
Advisors can measure options against requirements: Staying abreast of this changing landscape can be daunting, but advisors can evaluate their options—and stay ready to respond to any meaningful changes or opportunities—by maintaining a clear focus on their goals and the capabilities and support that they need to reach them.

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