There are a lot of reasons people decide to leave corporate and break out on their own.
One of the most common reasons, regardless of industry, is the fact that the corporate world tends to reduce everything and everyone to numbers on a balance sheet.
How much revenue is this person bringing in?
How much is this activity costing us?
What’s the ROI of working with this person/company?
As financial advisors, many of us went into this industry to help people, and when you only have to worry about reporting to yourself, it’s easy to maintain those strong ethical standards.
But something happens to companies as they grow into corporations. They start forming partnerships with certain providers to facilitate business and get the best deal for their clients.
But, before they know it, those partnerships can lead to a conflict of interest if they feel pressured to promote their partner over a company that can provide a better product or service.
It’s a slippery slope, and while they likely don’t realize what’s happening as it’s happening, as a financial advisor working on the ground, trying to do right by your clients, it can be easy to see where your employer is going wrong.
The bigger the company, and the longer it’s been around, the harder it can be to get upper management to see the error of their ways.
You might be surprised by the number of owners of independent financial services firms who say they broke out on their own because they saw the ways in which their corporate employers were letting their clients down, however unintentionally.
It’s one of the reasons Vertex operates the way we do. We wanted to give financial planners the opportunity to do the best work for their clients without feeling constrained when it comes to finances or resources.
Our goal is to provide our partners with everything they need to be set their clients up for financial success.
If you want to know more about the benefits of partnering with Vertex, we’d love to chat.
