Evaluating the Cost of Doing Business: Wirehouse Vs. Independence [Infographic]

11.10.20 in Marketing & Practice Management

Estimated Reading Time: 1 Minutes (85 words)

When thinking about leaving a wirehouse, the change in compensation will likely be a major factor in the decision.

But you may be wondering if increased payouts will offset the added costs. Check out these comparisons to help you evaluate whether independence is the right choice for you.

There are many things to consider beyond the financial aspects of starting your own firm. With the right plan and a solid support network, however, it could be a rewarding journey for both you and your clients.

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Commonwealth Staff

Founded in 1979, Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. With headquarters in Waltham, Massachusetts, and San Diego, California, the firm supports more than 2,100 independent financial advisors nationwide.

Topics

Marketing & Practice Management

Published

11.10.20

This material is for educational purposes only and is not intended to provide specific advice.

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