Shirl Penney

This may be the largest financial transaction an adviser will handle.

Going the RIA route is not an easy decision, but thoughtful preparation can get you there. Here’s how.

Here are some of the top questions advisors have when they consider outsourcing parts of their business operations to a third party.

What advisors should know about setting up an independent practice.

Profitability and control still rank high on the list of reasons advisors go independent, but the ability to have new and better systems – especially software – also plays a compelling part.

For advisors looking to break out of wirehouses, legacy firms or banks, going independent doesn’t necessarily mean they have to go it alone.

Advisors must make several key business decisions to go independent, says Shirl Penney, founder of Dynasty Financial Partners.

Advisors can avoid risks and find success in breaking away to independence, says Shirl Penney, founder of Dynasty Financial Partners.

Building your own business, even with a team of experts behind you, requires making tough decisions regarding resources, clients and employees. But most of all it requires leadership. Dynasty's CEO Shirl Penney offers a few lessons his firm has learned as it continue to build a business.

Growth can mean a number of things: professional development, growing assets, increasing enterprise value of the business, raising revenue or expanding profits. Shirl Penney examines a few lessons learned from the Dynasty Network on what advisors are doing to raise revenues and widen margins.