Advisors who are considering the leap to independence often share their concerns about leaving behind the culture, community, and support they’ve grown accustomed to in the wirehouse world.
And that’s perfectly valid.
While many advisors are vocal about the lack of freedom and control at the big firms, there are still a lot of positives—like having a well-known brand with a seemingly endless budget behind you and the ability to create a strong foundation for success.
On the other side, there are those who’ve made the break to independence and share that life outside the walls of the wirehouses is pretty amazing.
For this special episode, we invited three such breakaway advisors who developed extraordinary independent businesses to discuss how they did it. That is, to offer their trade secrets to creating businesses that merged the best of the wirehouse they grew up in with the freedom and control they were searching for.
Former Merrill advisors Michael Henley, the founder and CEO of the $1.6 billion Brandywine Oak Private Wealth, Matt Liebman, CEO of $1.5 billion Amplius Wealth Advisors, and Jerry Davidse, CEO of $500 million Presilium Private Wealth, join Louis Diamond to share their journey, including:
- The changes they witnessed at Merrill—and how each impacted their decisions to launch their own firms.
- Leaving Merrill—and the roadblocks they hit along their journey.
- Their home-grown community—and how this group of like-minded business owners fills the gap of what they might miss from the wirehouse, including camaraderie and collegial support.
- The single most impactful process or tactic they’ve employed—and how it influenced growth.
- Plus much more—including a Founder’s Blueprint segment.
It’s an episode that shares different points of view with a common goal: To do what’s best for their clients and business lives. Available on audio and video—so be sure to listen in or watch.
Download a transcript of this episode…
