Few things in life are all good or all bad.
Ice cream is delicious, but also fattening.
Exercise is hard and painful, but it’s easier to justify an extra scoop of ice cream after a hard workout.
As with everything else in life, owning your own financial services firm comes with its own list of pros and cons.
Pros of Owning Your Own Financial Services Firm
- Freedom to make your own hours
- Getting to work more closely with your clients
- The flexibility to adjust quickly to account for changes in the market
Cons of Owning Your Own Financial Services Firm
- Working very long hours, especially in the early years
- Figuring out an exit strategy – you can’t just tell your boss you quit. You need to figure out how to transition your clients to another advisor
- Work bleeds into life – now that you’re responsible for all parts of your business, it’s harder to turn off the work part of your brain and focus on the present
At Vertex, one of the things that sets us apart is our ability to combine the best parts of owning your own business with the best parts of working for a big firm. We have the resources of a large firm without losing the flexibility and client-focused values of smaller firms.
Financial advisors who partner with us maintain their freedom while also benefiting from the resources of working with a larger firm.
We believe it’s the best of both worlds, and if you’d like to learn more about what that looks like, all that information is waiting for you here.
