Summary

In episode 10 of Thinking Independently, Conor Delaney and Nick LoPresti tackle the biggest myths keeping advisors from taking the leap to independence. From fears about losing clients and lacking support to concerns over costs and becoming a business owner, they break down each objection with real talk, personal experience, and practical insight. They explore why going independent isn’t just about leaving a firm—it’s about owning your future, maximizing business value, and building something that lasts. If you’ve been fed fear or stuck on “what ifs,” this conversation flips the script. As Conor says: “No excuses—just results.”

Takeaways

• The transition to independence requires a no excuses mindset.
• Advisors must be willing to embrace the responsibilities of business ownership.
• Client trust is crucial for successful transitions.
• Fear and legal contracts are common retention tactics used by firms.
• Independence allows advisors to maximize the value of their business.
• Support systems are available for independent advisors.
• Technology and AI can enhance client experiences.
• Building a business is about solving needs and attracting clients.
• The journey to independence is a significant personal growth opportunity.
• Success in independence requires a willingness to adapt and learn.

Disclaimer

The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual to determine which strategies or investments may be suitable for you. Consult the appropriate qualified professional prior to making a decision. The economic forecast set forth may not develop as predicted, and there can be no guarantee that the strategies promoted will be successful. All performance referenced as historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.