Independence Day is one in every of my favourite holidays. Though the expertise will undoubtedly be totally different this yr, I like the custom and the chance to assemble with family and friends. And, in fact, I like the that means behind the day: celebrating the beginning of our nation and the values we maintain expensive.

With celebration comes a whole lot of reflection, too. I discover myself eager about what independence represents to us at Commonwealth and to the advisors we serve—and I discover myself questioning why others are hesitant to make the transfer to independence. In any case, I’ve spent the higher a part of my profession in an surroundings designed to assist people pursue their very own imaginative and prescient of success and thrive whereas doing it.

With all that’s taking place in our nation and our world proper now, I daresay many are eager about the beliefs of freedom and independence greater than ever, and we’re having conversations which can be lengthy overdue. For now, although, I need to restrict my focus to how these beliefs would possibly translate to breakaway advisors in 4 basic areas.

1) Impartial Doesn’t Equal Alone

Traditionally, advisors in a captive surroundings have been led to imagine the unbiased mannequin couldn’t measure up when it comes to infrastructure, experience, and assist—and that in making the transfer to independence they’d be alone managing their enterprise. That isn’t so. The truth is, the captive mannequin isn’t evolving in the identical means or on the identical velocity because the unbiased mannequin.

At present, wirehouse advisors who make the transfer to independence with Commonwealth can anticipate options and assist that surpass the benefits of a full-service agency in each means, together with product open structure, built-in expertise, high quality analysis, a deep bench of consultative specialists, and high quality service to again it up and assist them at each juncture. If in case you have the entrepreneurial drive to make the leap, the infrastructure is right here for you.

2) Transition is One thing You Don’t Should Worry

Not surprisingly, the prospect of transition could be a deterrent to many wirehouse advisors going unbiased. It’s a business- and life-altering step that requires work and dedication. And, even in case you’re able to make the leap, worry could also be stopping you, starting from whether or not your purchasers will comply with you and their property will transition easily to the numerous particulars of the method.

Generally, although, worry of the unknown is extra overwhelming than the fact—and the fact of your transition experience comes all the way down to having the fitting accomplice. This type of transfer is a once-in-a-career expertise for you. At Commonwealth, it’s one thing we do each day. We now have greater than 30 specialists throughout the agency, dealing with each element of each single transfer—and advisor satisfaction with transition is measurable (at 97.8 p.c)* and actual.

3) Investing in Your Productiveness and Lengthy-Time period Worth

Within the captive world, investments made by the guardian firm are typically for the long-term worth of their enterprise, not yours. Right here’s the place the actual distinction lies: Within the unbiased channel, and notably at Commonwealth, the symbiosis between you and us is essential—we merely can’t and don’t ever lose sight of the truth that we want you for our very survival. And, in Commonwealth’s case, we’re not solely unbiased; we’re additionally privately held. This implies we’re free to allocate assets towards alternatives that repay by serving to you develop now and sooner or later—which finally advantages us and also you.

Take expertise, for instance. Our technology platform was created in-house and constructed with direct enter from our advisors to make sure that it really works for them. And, with our staffing—a roughly 2.5–1 advisor-to-staff ratio—we will optimize the assist you obtain, so you’ll be able to spend extra time together with your purchasers.

4) Freedom Is About Alternative

Freedom and independence aren’t fully interchangeable—and in a captive surroundings, you merely can’t expertise freedom the best way you’ll be able to within the unbiased channel. What I imply by that is having the liberty of option to comply with your personal path—and alter course as you see match. With independence comes the liberty to decide on the sort of advisor you need to be, the kind of enterprise you need to pursue, and the way you need to serve your purchasers. Many advisors who be part of Commonwealth begin out dually registered with our RIA and our dealer/supplier just because they’re at that stage of their companies. Once they select to maneuver to a fee-only mannequin, they’re capable of do it proper right here, and seamlessly, with out having to transform any of the underlying infrastructure or instruments. Having the selection and adaptability to vary your spots with out altering your accomplice permits you to construct and nurture the form of enterprise and client relationships you envision, and in your timeline.

This 12 months, as You Have fun Independence Day . . .

I’ll go away you with meals for thought as you get pleasure from your personal traditions with household and buddies. In the event you’re eager about breaking away out of your guardian firm, preserve this in thoughts: The character and tradition of the accomplice you select issues. That accomplice ought to assist the evolution of your enterprise, not the opposite means round.

On a extra private word, 22 years in the past I used to be lucky sufficient to discover a dwelling the place individuality is well known, folks come first, and “high quality and neighborhood” are cornerstones, and never taglines. From the place I stand, independence has by no means appeared higher.

*Advisor satisfaction primarily based on common service rankings offered by Commonwealth advisors throughout transition suggestions classes.

Resolve If Independence Is Proper for You

Take a quiz, watch a video, and entry different assets to search out out if now’s the fitting time to interrupt away.