Editor’s note: I had the pleasure recently of speaking with Jimmy Lee, Managing Partner of Strategic Wealth Associates, about the topic of independence and what advisors should consider before making the leap. Here is an abbreviated version of our conversation:

LeBlanc: What are the top three fears or concerns that advisors have preventing them from going independent?

Lee: First, running a business. Most successful advisors are great at being just that, advisors to their clients but many have not had much experience having to deal with payroll for staff, signing leases with landlords, paying bills, etc.  For some who do not want to deal with this and aren’t set up with the infrastructure to handle running a business, it weighs heavy on their ability to acquire and service clients.  Read More