5 milestones to ensure a smooth transition from the wirehouse
The Journey to Independence
See the pros and cons
Weigh the Pros and Cons
Do you still have nagging doubts about whether independence is right for you? It’s time to sit down and assess the potential advantages and disadvantages of breaking away.
Read the signs
How do you know if it’s time to break away from the wirehouse? Here are a few telltale indicators that say you’re ready—and some tips to get your journey started.
Look for Signs
Craft Your Story
Losing name recognition after leaving the wirehouse is a valid concern, but it doesn’t have to hold you back. By crafting an effective and true brand story, you’re more likely to retain existing clients and attract new ones.
Tell your story
Do the Math
Will increased payouts offset the added costs of running your own business? Be sure you understand the similarities and differences between doing business as a wirehouse employee and an independent advisor.
Get the cost breakdown
How do you make sure a firm is truly the best fit for you? Find out how to read between the lines to choose the right partner for your business.
Choose a Partner
Get the case study
Case Study: Breaking Away to Break Through
Find the best partner for you
Read the story of how two former wirehouse advisors overcame obstacles and built a practice beyond their expectations.
We made a decision to go independent because it improved our bottom line and it gave us the freedom that we wanted.”
Want to know more? See what it's like to be a Commonwealth advisor.
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—Jay R., Cottonwood Capital Advisors
Get the cast study
