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b'This originally aired as a video on my YouTube channel which you can watch here: https://youtu.be/dE2OWKFSrIc\\nHow to start your own investment firm and become an independent financial advisor is what we\'re going to cover today. There are 2 important questions to ask "when" and "how". When it comes to exactly when to do break away involves mainly: \\n1. "Do you have the financial runway?" Financial runway is a supportive, working spouse that understands that in months 0-24 you will be grinding it out and adding extra expenses to your household budget. You need either this and/or savings that will give you the income you need once you leave a paying position and go to zero but start incurring business expenses. \\n2. Also consider... do you have the expertise it will take to care for clients and have them trust you? You shouldn\'t break out on your own with less than 5 years experience. I may have some that disagree but this is just a hard thing. Unless you are an 11 on a scale from 1-to-10 on sales, you need to wait until you have established your reputation in the business before you become the quarterback of someone\'s financial life. \\n3. Next you should consider "how". Always play by the rules and declare any OBA (outside business activity) while you\'re registered with your current firm. You may also have a non-compete agreement in place preventing you from soliciting clients for business. Ultimately you may just have to make a clean break from your existing firm. \\n4. This means you\'ll want to file properly and use a professional with the expertise to help you. However, before leaving your current firm and stopping your paycheck, you need to have a clear idea of your firm name, how you will charge and drafts of all your documents like your ADV, file your LLC (articles of incorporation), your policies and procedures, etc.\\nThanks for listening.\\nFor more information on what I\'m doing for current and aspiring financial professionals, click here.\\nWant to connect with me? Send me a DM on Linkedin (@dhendersonsr) or Instagram (@dominiquehendersonsr).\\n\\n--- \\n\\nSend in a voice message: https://anchor.fm/dom-the-maven/message'