Long shot but anybody ever seen a business plan published online?
I've seen 1 principal ria set ups where they bring on a few advisors to the firm: at some shops, the advisors build their own business, other shops the clients are firm clients and the advisors work as a team to prospect/service accounts.
How are these teams structured: payouts, responsibilities, etc.
Which business model works best. Pros/cons
Mr. Jones - You're not going to like it, but the answer is: However you want. Everybody's plan is unique. Mine evolves as I grow and take on new challenges. My business plan should really be updated every quarter.
I would argue that my business model works best, but I am not receiving as much net as I would because I am spending so much money on growth and innovation.
I think it's just like anything else in this business. Identify your goals, long-term and short-term, and develop a plan that will fit that.