DESIGN YOUR FIRM

Options to Go Independent

There are several independent structures available to financial advisors and wealth managers. The key is to select the one that fits the future vision of your firm.

Hybrid

Definition

Benefits

Dually registered/RIA + B/D
  • Provides the flexibility to retain your commission business while providing fee-based investment management and advice
  • Convert existing brokerage business to advisory model where appropriate over time
  • Can select best in class B/D and supervisory firm
  • Allows you the ability to maintain your current book of business

Independent Advisor Representative (IAR)

Definition

Benefits

Affiliation with an RIA firm
  • Retain autonomy while leveraging the resources of an established firm
  • Offers best-in-class resources while allowing independence
Outsource some RIA firm operations
  • Maintain aspects of your business in-house that align with your expertise and outsource the remainder
  • Must have a strong Chief Compliance Officer who has the ability to impact change across your firm
  • Allows you to leverage your strengths and outsource the rest
  • Most often, provides a positive cost/benefit to a growing firm
  • Opportunity to leverage best in class technology to complement your human talent
Join an RIA as an employee
  • Leverage the brand and resources of an established firm
  • Allows opportunity to focus on clients with administrative support provided
  • For advisors starting out or winding down
  • Allows the opportunity to focus on your clients, with little to no administrative support needed

Why Choose PAG?