News Articles

Breaking Away the SMArtX Way

Recent developments in the large brokerage house space have made it more difficult for advisors to go independent, just as technology and the shift from a brokerage to a fee–based business has motivated advisors to start their own shop.  Low payouts, increased red tape, new policies, and constricted solutions prompt many wirehouse advisors to look for greener pastures, but concerns remain over the ability to seamlessly shift their business to be independent.

It may seem daunting at first, but starting your own advisory business can be much simpler than it used to be.  Many custodians, planning technologies, reporting/accounting software providers, CRMs, and TAMPs now cater to the ‘breakaway’ RIAs, with full teams dedicated to their success.

Here you can read about a firm who recently left a large wirehouse, and his only regret was that he didn’t do it sooner.