Chapter 4
Deciding to Work for a Firm or Build Your Own Practice
IN THIS CHAPTER
Considering the choices for working independently or for a firm
Exploring different ways to receive compensation from clients
Joining a firm that provides education and training
Gaining freedom as an independent contractor or registered investment advisor
Scoping out different firms: what to look for
As a financial advisor, you can choose to work for a mega, traditional, full-service broker/dealer, set out on your own as an independent registered investment advisor, or build a successful career at any firm along that spectrum. As you evaluate your options, consider the following key factors:
- Your knowledge, skills, experience, and background (see Chapters 2 and 3)
- Whether you prefer to work as an employee or as an independent contractor
- The roles and responsibilities you’ll engage in your day-to-day operations
In this chapter, I lead you on a tour of various work options where you can provide clients ...
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