Challenge
A young advisor in his mid-thirties, now one of our best clients and business partners, wanted to go independent. He had joined a top national wirehouse right out of college. From day one, he built a large book of business. After several years, he wanted to be his own boss, unconstrained by wirehouse bureaucracy. But he was intimidated about working outside the only firm he knew.
SOLUTION
Auroras’ decades-long experience as an independent advisor has allowed us to see best practices from competitors, clients, and technology companies. We advised him on best practices for creating a budget, hiring employees, registering with the SEC, buying business insurance, and selecting accounting and portfolio accounting software.
RESULTS
This young professional advisor and former break-away broker uses our equity discipline where it best fits. We also share costs in joint marketing and client outreach efforts. His firm is a mutually beneficial business partner of Aurora.
Every client has a unique story. Your plan and results may differ.