TRANSITION TO INDEPENDENCE

MYRIAD GIVES BACK THE REINS IN YOUR CAREER!

The notion of independence is tantalizing for financial advisors.
The task can seem daunting though, but not with Myriad in your corner.

One of your first priorities is to determine what kind of entity your independent business will take. Myriad helps you weigh the pros and cons of each model before moving forward with what suits you best.

Learn more about each below:

BUILD YOUR OWN ADVISORY FIRM

Registered Investment Advisor (RIA)

Have total control to customize and create every aspect of your business.

Hybrid RIA or Independent Broker-Dealer

Sacrifice some control to minimize business risk and gain access to the support, resources, and infrastructure.

OWN YOUR OWN BOOK OF BUSINESS

Affiliated with an existing RIA as a hybrid RIA (Hybrid RIA - Dually Registered)

Establish your own firm without sole financial responsibility and retain some autonomy within your practice.

Tuck-in/join an RIA, Hybrid RIA or IBD Firm as an employee

Plug into an existing firm’s culture and infrastructure. Rely on established processed, branding, and client experience.

YOUR PARTNERS ON AN INCREDIBLE JOURNEY

The prospect of going independent can be as paralyzing as it is tantalizing. Myriad gets it – we’ve helped thousands of advisors through the process. And we can help you. It starts with a step-by-step process that culminates with your grand opening!

1

INTRODUCTION CALL

High level review, advisor vision, & questions

2

SET THE TRANSITION DATE

Eliminate the fear of the unknown by setting your own timeline

3

DETERMINE START-UP BUDGET & FUNDS

Clarify your start-up budget for a successful launch

4

DEFINE NEEDS & REQUIREMENTS

Avoid stakeholder conflict & excessive rework by defining your needs

5

FORECAST REALISTIC TIMELINE

Stay on track & don’t worry about every detail