The attraction of the independent business model for financial advisors is undeniable. Independence offers financial, operational, and lifestyle benefits that – even if an advisor is not ready to make a move – certainly has them thinking about it. For many advisors considering independence the questions become am I ready to and do I want to run my own business? This gray area has led to the rise of the Independent W–2 Model or Supported Independence, such as the one recently announced by LPL Financial, which offers the benefits of independence with the safety net of large firm operational support. Is this W–2 Modelrevolutionary, what do advisors need to consider when it comes to independence, and where is the industry trending for this business model are all discussed in this episode of the Financial Advisor’s Advisor.
Ep. 2: The Independent W-2 Model
