Horse Racing & Advisor Independence: The New Keys to Freedom

In May 1961, five days after Bay of Pigs and five weeks after the Soviets put Yuri Gagarin into orbit, President Kennedy stood before Congress and made a promise: America would land a man on the Moon before the decade was out. NASA was less than three years old. The technology necessary to reach the Moon didn’t even exist yet.

In his latest article, CEO and Founder Billy Hopkins draws a direct line from that speech to the decade now facing independent financial advisors.

Roughly 40% of advisors, many licensed in the 1990s like Billy himself, will retire in the years ahead. At the same time, trillions of dollars are about to change hands. Gen X stands to inherit $14 trillion. Millennials will inherit $8 trillion. By 2035, women will control more than 40% of US wealth, up from a third today.

Billy connects these numbers to a bigger shift already underway. Estate planning is turning into a conversation about life, not death. More than 63 million Americans now care for aging parents or adult children, and 16 million of them care for both at once. Clients want more than portfolio management. McKinsey found the share of investors seeking holistic advice grew from 29% in 2018 to 52% in 2023.

Advisors who set a bold, deadline-driven goal now, the way Kennedy did, will own the next decade. Clients expecting family-office-level support as the standard, not the exception, will leave behind the advisors who wait.

Read the full article for Billy’s take on what it takes to serve three generations of planning needs at once, and why an impossible goal might be exactly what this industry needs: www.linkedin.com/pulse/todays-clarion-call-independent-advisors-billy-hopkins-brk8c/

I recently took my kids to the horse track in Lexington for fall break. Watching the horses and jockeys operate as a single unit reminded me that winning takes more than individual talent. Behind every successful jockey is an expert trainer, a world-class stable, and a dedicated support team.

The jockey is the business owner (in control of the ride). But they don’t win without the world-class stable, the expert trainer, and a dedicated team. That is the essence of Supported Independence: full autonomy over your practice, backed by the best performance infrastructure.

An Enterprise at Full Gallop

Our firm focuses on eliminating unnecessary burdens that slow down growth. We provide the essential, non-glamorous support, from compliance management and operational processes to tech infrastructure, so you can concentrate entirely on your clients and your strategy.

With this model in place, you can execute your unique vision while we manage the complexities. This freedom gives you a competitive edge—the ability to run your race at the pace you choose, fully supported.

Read the full article here. We’re committed to giving every independent advisor the tools to perform. Ready to stop worrying about the track conditions and focus on the finish line? Let’s talk.