When is the right time for a financial advisor to go independent and start their own firm?

In Go independent, Independent advisor, RIA by Trent Grzegorczyk

When is the right time to go independent?

This is a common question that I get from my financial advisor peers almost everyday.

They want to know how much AUM, revenue, number of client’s, or years of experience they should have before taking the leap.

The truth is, there isn’t a “right time”.

Some advisors like to have somewhat of a base while others are willing to go all in without a head start.

There are definitely pros and cons to each scenario, and the route you choose depends on your lifestyle goals and risk tolerance.

When I left employee life 3 years ago to start my own independent firm, I had only a handful of family/friend clients, and close to ZERO revenue.

Plus, I left Metro Detroit and moved North to Traverse City, MI where I knew just a few people.

Let’s just say the odds were against me. Terrible business planning – according to many people.

Fast forward to now, and it’s amazing how everything comes together with some hard work, patience and having the right STRATEGY.

If you have been thinking about what life would be like as an independent advisor / business owner, please reach out.

I’d be thrilled to chat with you about what that could look like for you, and to share the simple blueprint I used to launch MICAPITAL > micapitaladvisors.com/apply