LionStreet: ROAD to INDEPENDENCE White Paper - Flipbook - Page 7
THE ROAD TO INDEPENDENCE
5
T HE ROAD T O INDEPENDENCE
TM
Breaking free from the captive agent system can look daunting.
Lion Street has distilled the combined experience of highly successful independent advisors
into a transition program called the Road to Independence.TM As Firms begin the Road to
Independence, they are typically concerned about the following challenges.
The Challenges
CARRIERS — How do I manage multiple carrier relationships?
t Lion Street, you don’t have to figure that out. You’ll enter day one as a VIP with our six
A
carriers. You will also have access to a broad suite of additional carriers due to Lion Street’s
open architecture platform.
BRAND — How will I brand myself?
As you create your identity as an independent Firm, Lion Street will be your Firm behind the
Firm, strengthening your reputation and client perception as part of a co-op of elite advisors.
TECHNOLOGY — How do I find technology?
Lion Street’s experts will consult with you to choose the best technology options for your
Firm. We will train your staff and provide tech support, which will allow you to continue to
conduct business throughout the transition process.
BROKER-DEALER — How will I manage the move?
Before you begin your move, the Lion Street transition team reviews your book of business
and creates a plan specific to your Firm. With Lion Street Financial, you have the option of
utilizing an independent RIA, a hybrid RIA-B/D, or our corporate RIA.
LOGISTICS — How do I find office space, hire staff, handle payroll and benefits, etc.?
Your transition manager and other Lion Street experts will provide training and guidance.
Two Paths
Another challenge Firms face is deciding how quickly to transition from their career company
to independence. The choice depends on what is financially prudent short-term and long-term.
Lion Street offers two paths to independence, staged or immediate, and helps Firms calculate
the benefits of taking either path. Whichever way you choose, Lion Street has the expertise
and resources to help you become independent.
STAGED MOVE TO INDEPENDENCE — As a successful career agent, you have certainly
built up a significant benefits plan and renewal base. For a litany of reasons, it may be
economically viable to retain your career contract and continue producing at an amount
sufficient for maintaining your benefits and renewals. In this case, you can move your Firm’s
fixed business over to Lion Street in stages.
IMMEDIATE MOVE TO INDEPENDENCE — However, if you want to end your career contract
and immediately reap the benefits of being independent, we have a fast track program that
can expedite the move to Lion Street.