Breakaway Advisors
Breakaway Advisors Compliance Services
For Advisors currently affiliated with a Broker Dealer that are considering going Independent, Vigilant can help guide you end-to-end through the Registration Process and On-Going Compliance.
Vigilant has seen a trend of more Breakaway Advisors and common themes we see as to the reasons Advisors breakaway from their Broker Dealer are listed below.
Top Reasons Advisors Choose to Break Away from their Firms:
Seize the opportunity to increase revenue and retain a larger share of profits, unlocking financial growth and success on your terms.
Gain the freedom to set your own direction, build meaningful relationships, and pursue your goals without restrictive constraints.
Make independent decisions and implement business strategies your way, ensuring a personalized and more efficient approach to serving clients.
Have complete ownership over your firm’s brand and marketing strategies, with no external restrictions or unnecessary oversight.
Tailor investment strategies to meet each client’s unique needs, without limitations imposed by a firm’s guidelines.
Cultivate closer, more transparent relationships with your clients, fostering trust and loyalty for long-term success.
What do Breakaway Advisors need to Set Up a Registered Investment Adviser (RIA)?
As an Award Winning and Industry Recognized Compliance Firm, we focus on delivering each and every client with customized and tailored servicing designed to fit their specific needs. 
Vigilant can help Breakaway Advisors with the following listed below as they consider becoming an Independent Adviser.
- When registering with the SEC, Vigilant can administer and lead the process in preparing the ADV Part 1, Part 2 and/or Part 3.
- This Service also includes a customized and tailored Compliance Manual and Code of Ethics.
- Outsourced CCO Services – Vigilant to serve as the named Chief Compliance Officer (CCO) on the ADV.
- End-to-End CCO Support Services – Vigilant to provide an in-house CCO or dual-hatted CCO (i.e., CFO/CCO, CEO/CCO) with End-to-End Support throughout their entire Compliance Program.
- Targeted CCO Support Services – Vigilant to provide tailored Compliance Support Services designed to Support an in-house CCO or dual-hatted CCO at a certain amount of hours annually. Examples of where Vigilant can support Advisers with this service is with the 206(4)-7 Annual Review Report and On-Going Testing, Regulatory Filings, Review of Marketing and Advertising materials, monitoring Code of Ethics activities, Compliance Trainings, IAR On-Boarding Support, drafting the Compliance Calendar, drafting the Risk Assessment Matrix, and much more.
As you consider going Independent, we either see Advisers retain the Broker Dealer they affiliated with as their Custodian or look to make a switch and use a different Custodian for when they become Independent. Vigilant can help make introductions to a Service Provider that can best align with your needs.
For firms considering switching to a different Broker Dealer looking to keep an Annuity Trail of business, Vigilant can help in making an introduction to a “friendly” Broker Dealer that can help keep that trail.
Schedule a Call with Vigilant
Ready to discuss the key considerations before going independent? Contact Vigilant today to speak with a Compliance Professional and learn how we can guide you through the process, ensuring a smooth and informed transition.
