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“When wirehouse brokers consider shifting to independence, they need to weigh a lot of factors and ask a lot of questions. John Stuart and Mag Black-Scott of Beverly Hills Wealth Management provide 11 questions that should be top of mind for advisors before making the move.”

In a nutshell, these factors include:

  1. Technology
  2. Employment
  3. Platform Costs
  4. Payout
  5. Product Ecosystem
  6. Client Service Support
  7. Trading Support
  8. Marketing and Business Development
  9. Profit and Loss Responsibility
  10. Bring Your Own Device
  11. Information Security

To learn more about these factors, read the article as reported by OnWallStreet.com on July 5: they should be carefully considered before making the move to the RIA arena.