Embarking on independence can feel equal parts freeing and terrifying. This may be the first time you’re in charge of, well, EVERYTHING! The fit between your ideals and goals, your clients’ needs, and the firm with whom you affiliate is of the utmost importance.
At RFG Advisory, we strive for the perfect fit with our Advisors in terms of philosophy, capabilities, and culture. Clear alignment ensures everyone – clients, Advisors, and RFG itself – will flourish.
The decisions you make now will shape you and your business for years to come.
While there isn’t a one-size-fits-all solution for selecting your new independent home, there are some powerful questions Advisors should ask while kicking those tires.
#1: Firm Culture
Advisors should ask about mission, vision & values. Understanding what drives this organization, both people and ideals, can set the tone for the relationship. Do you see yourself and your values reflected in their answers?
Advisors must understand which type of businesses this organization supports. Will your business goals be supported and valued? The words and characteristics used to describe their top-performing Advisors should mesh with your vision. Do you see yourself among these peers?
Success stems from having the right team at your side. Resources, including the ability to get someone on the phone when you need support or a question answered, makes a huge difference. Going independent creates both more administrative tasks and strategic options than advisors typically experience with other models. Balancing this added responsibility can be overwhelming and even lead to decision paralysis. You need to partner with a firm that has your back.
Conducting your due diligence may not result in a black-and-white answer. But for many Advisors, the decision will become obvious throughout this “dating” period. It’s important to give yourself time and space to research, digest and follow-up with questions to ensure that wherever you land is the optimal place for you, your employees, and your clients.
Curious about our culture, composition and support at RFG Advisory? Then let’s talk!
We’re evolving the traditional advisory model to embrace a future-focused mindset. Through our powerful tech stack, we’re driving efficiencies that propel firm growth. And the best part? Your clients, your data, and your business are always 100% yours. Learn more.