Those advisors bailing out of the wirehouses and banks are looking for established RIA practices to join. This in lieu of taking the start-up path. Some of the initial work and pain to establish a practice of their own is looking less attractive to a majority of advisors according to a new study released by Schwab.

According to the survey results, 59% of advisors with full-service firms said that going the independent route sounded appealing. 56% said they would favor joining an existing practice instead of putting out a shingle on their own. 52% of the respondents had been in the business for ten or more years.

One of the primary reasons cited for not striking out on their own was the lack of back office support.  One component of that support would be marketing, copywriting and content development support.  Those advisors should take stock of the fact that Advisors Friend can provide them with all the help they need in these critical areas.

If you are leaving the full-service environment behind and pitching your own tent, contact us for the support that will make your practice a success. We write to attract new clients, retain existing clients and inform and educate.