--- title: Commonwealth Guide to Independence | Resources description: Commonsense Guide to Independence | Running Your Business --- [![blue lockup](https://learn.commonwealth.com/hubfs/BLC/Logos/blue%20lockup.svg)](https://www.commonwealth.com/) - Your Journey - [Breaking Away](https://learn.commonwealth.com/advisor-guide/independence/journey/breakaway) - [Researching Options](https://learn.commonwealth.com/advisor-guide/independence/journey/research) - [Choosing a Partner Firm](https://learn.commonwealth.com/advisor-guide/independence/journey/firm-partner) - [Opening Your Doors](https://learn.commonwealth.com/advisor-guide/independence/journey/launch) - [Growing Your Business](https://learn.commonwealth.com/advisor-guide/independence/journey/business) - Key Topics - [The Economics of Independence](https://learn.commonwealth.com/advisor-guide/independence/key-topics/economics) - [The Client Experience](https://learn.commonwealth.com/advisor-guide/independence/key-topics/clients) - [Transitioning Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/transition) - [Choosing the Right Firm Partner](https://learn.commonwealth.com/advisor-guide/independence/key-topics/firm-partner) - [Running Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/business-management) - [Marketing Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/marketing) - [Managing Your Risk](https://learn.commonwealth.com/advisor-guide/independence/key-topics/risk-management) - Your Toolbox - [Videos](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-video) - [Quizzes](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-quiz) - [Checklists](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-checklist) - [Guides](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-guide) - [All Resources](https://learn.commonwealth.com/advisor-guide/independence/resources) - [About Commonwealth](https://www.commonwealth.com/why-commonwealth/about-us) [Let's Connect](https://learn.commonwealth.com/advisor-guide/independence/contact-us) Close - Your Journey - [Breaking Away](https://learn.commonwealth.com/advisor-guide/independence/journey/breakaway) - [Researching Options](https://learn.commonwealth.com/advisor-guide/independence/journey/research) - [Choosing a Partner Firm](https://learn.commonwealth.com/advisor-guide/independence/journey/firm-partner) - [Opening Your Doors](https://learn.commonwealth.com/advisor-guide/independence/journey/launch) - [Growing Your Business](https://learn.commonwealth.com/advisor-guide/independence/journey/business) - Key Topics - [The Economics of Independence](https://learn.commonwealth.com/advisor-guide/independence/key-topics/economics) - [The Client Experience](https://learn.commonwealth.com/advisor-guide/independence/key-topics/clients) - [Transitioning Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/transition) - [Choosing the Right Firm Partner](https://learn.commonwealth.com/advisor-guide/independence/key-topics/firm-partner) - [Running Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/business-management) - [Marketing Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/marketing) - [Managing Your Risk](https://learn.commonwealth.com/advisor-guide/independence/key-topics/risk-management) - Your Toolbox - [Videos](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-video) - [Quizzes](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-quiz) - [Checklists](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-checklist) - [Guides](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-guide) - [All Resources](https://learn.commonwealth.com/advisor-guide/independence/resources) - [About Commonwealth](https://www.commonwealth.com/why-commonwealth/about-us) SEARCH [Let's Connect](https://learn.commonwealth.com/advisor-guide/independence/contact-us) ##### [Commonsense Guide to Independence](https://learn.commonwealth.com/advisor-guide/independence) - [Home](https://learn.commonwealth.com/advisor-guide/independence) - [Topics](https://learn.commonwealth.com/advisor-guide/independence/key-topics) - [Running Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/business-management) ### Running Your Business Running your own business means you have control, but knowing how to do it efficiently is key. Use the resources below to learn more about being an entrepreneur, hiring employees, and more. ###### Browse Topics - [The Economics of Independence](https://learn.commonwealth.com/advisor-guide/independence/key-topics/economics) - [The Client Experience](https://learn.commonwealth.com/advisor-guide/independence/key-topics/clients) - [Transitioning Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/transition) - [Choosing the Right Firm Partner](https://learn.commonwealth.com/advisor-guide/independence/key-topics/firm-partner) - Running Your Business - [Marketing Your Business](https://learn.commonwealth.com/advisor-guide/independence/key-topics/marketing) - [Managing Your Risk](https://learn.commonwealth.com/advisor-guide/independence/key-topics/risk-management) {val=} [Type: Article](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-article) ### [Protecting Your Legacy: 5 Succession Planning Strategies for Independent Advisors](https://learn.commonwealth.com/advisor-guide/independence/resources/succession-planning-strategies) [Regardless of where you are in your life cycle as a business owner, it’s important to think about protecting the practice ...](https://learn.commonwealth.com/advisor-guide/independence/resources/succession-planning-strategies) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/succession-planning-strategies) [Type: Video](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-video) ### [What Does Compliance Look Like as an Independent Advisor?](https://learn.commonwealth.com/advisor-guide/independence/resources/what-does-compliance-look-like-as-an-independent-advisor) [As a breakaway advisor, your relationship with your compliance team can change—for the better. Although rules are rules, your ...](https://learn.commonwealth.com/advisor-guide/independence/resources/what-does-compliance-look-like-as-an-independent-advisor) [Start Watching](https://learn.commonwealth.com/advisor-guide/independence/resources/what-does-compliance-look-like-as-an-independent-advisor) [Type: Checklist](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-checklist) ### [Breakaway Implications: The Impact Your Firm Partner Can Have On Efficiency](https://learn.commonwealth.com/advisor-guide/independence/resources/breakaway-implications-the-impact-your-firm-partner-can-have-on-efficiency) [You may think that going independent means having less time for client interactions—after all, you’ll have an office to run. ...](https://learn.commonwealth.com/advisor-guide/independence/resources/breakaway-implications-the-impact-your-firm-partner-can-have-on-efficiency) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/breakaway-implications-the-impact-your-firm-partner-can-have-on-efficiency) [Type: Checklist](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-checklist) ### [A New Hire Checklist: 9 Steps for Setting Your Staff Up for Success](https://learn.commonwealth.com/advisor-guide/independence/resources/a-new-hire-checklist-9-steps-for-setting-your-staff-up-for-success) [If you’ve taken the leap from the wirehouse to becoming an independent advisor, then it’s time to start growing your business. ...](https://learn.commonwealth.com/advisor-guide/independence/resources/a-new-hire-checklist-9-steps-for-setting-your-staff-up-for-success) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/a-new-hire-checklist-9-steps-for-setting-your-staff-up-for-success) [Type: Checklist](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-checklist) ### [From Startup to Growth: A Checklist for New Independent Advisors](https://learn.commonwealth.com/advisor-guide/independence/resources/from-startup-to-growth-a-checklist-for-new-independent-advisors) [Transitioning from employee to business owner is exciting, but—as you may be realizing quickly—it also comes with some new ...](https://learn.commonwealth.com/advisor-guide/independence/resources/from-startup-to-growth-a-checklist-for-new-independent-advisors) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/from-startup-to-growth-a-checklist-for-new-independent-advisors) [Type: Video](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-video) ### [See What to Consider When Leaving the Wirehouse for Independence](https://learn.commonwealth.com/advisor-guide/independence/resources/see-what-to-consider-when-leaving-the-wirehouse-for-independence) [What do you need to think about when opening your own practice? Our latest video discusses everything from choosing office ...](https://learn.commonwealth.com/advisor-guide/independence/resources/see-what-to-consider-when-leaving-the-wirehouse-for-independence) [Start Watching](https://learn.commonwealth.com/advisor-guide/independence/resources/see-what-to-consider-when-leaving-the-wirehouse-for-independence) [Type: Article](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-article) ### [An HR Primer for Newly Independent Financial Advisors](https://learn.commonwealth.com/advisor-guide/independence/resources/an-hr-primer-for-newly-independent-financial-advisors) [If you’re considering leaving—or have already left—your wirehouse to become an independent financial advisor, there are a ...](https://learn.commonwealth.com/advisor-guide/independence/resources/an-hr-primer-for-newly-independent-financial-advisors) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/an-hr-primer-for-newly-independent-financial-advisors) [Type: Video](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-video) ### [Driving Long-Term Growth](https://learn.commonwealth.com/advisor-guide/independence/resources/driving-long-term-growth) [While you're taking care of your clients and their needs, who's taking care of you?](https://learn.commonwealth.com/advisor-guide/independence/resources/driving-long-term-growth) [Start Watching](https://learn.commonwealth.com/advisor-guide/independence/resources/driving-long-term-growth) ### [Prospecting for New Clients? Start by Focusing on Current Clients](https://learn.commonwealth.com/advisor-guide/independence/resources/how-to-prospect-for-new-clients) [Becoming an independent advisor means you have the flexibility to manage and grow your business the way you want to—including ...](https://learn.commonwealth.com/advisor-guide/independence/resources/how-to-prospect-for-new-clients) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/how-to-prospect-for-new-clients) [Type: Article](https://learn.commonwealth.com/advisor-guide/independence/resources?ty=type-article) ### [Telling Your Brand Story...For the First Time](https://learn.commonwealth.com/advisor-guide/independence/resources/telling-your-brand-story...for-the-first-time) [If you’re thinking about going independent or are ready to make the leap, there are a few important (and exciting!) steps to ...](https://learn.commonwealth.com/advisor-guide/independence/resources/telling-your-brand-story...for-the-first-time) [Start Reading](https://learn.commonwealth.com/advisor-guide/independence/resources/telling-your-brand-story...for-the-first-time) ### Connect with Us Tell us a little about yourself. We'll begin a conversation about your business and how Commonwealth can help move your practice forward. ![footer-background](https://f.hubspotusercontent20.net/hubfs/295024/footer-background.png) [![Full Lockup](https://learn.commonwealth.com/hubfs/BLC/Logos/Full%20Lockup.svg)](http://www.commonwealth.com/) ©2025 Commonwealth Financial Network®, Member [FINRA](http://www.finra.org/), [SIPC](http://www.sipc.org/), a Registered Investment Adviser. All rights reserved. This material is for educational purposes only and is not intended to provide specific advice. Please review our [Terms of Use](https://www.commonwealth.com/terms-of-use). [![BrokerCheck - check the background of this investment professional](https://images.ctfassets.net/a320zjmb1inn/18F2QZ8je8v2yJ56ROCICc/3d91e67f251132fe5c395c9190fb2649/BrokerCheck-Small.png)](https://brokercheck.finra.org/)   **Information about securities-registered professionals may be found at** [**FINRA BROKERCHECK**](https://brokercheck.finra.org)**.** [Form CRS](https://assets.ctfassets.net/a320zjmb1inn/2i7OtNINj5zCRE0BsKWBSC/4b17ef9e2d59f665bdba69ae14e607aa/Form-CRS-Online.pdf) | [Disclosure](https://www.commonwealth.com/for-clients/disclosure/customer-id-program) | [Privacy Policy](https://www.commonwealth.com/for-clients/disclosure/privacy-policy) ```json { "@context" : "http://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "United States", "addressLocality" : "Waltham", "addressRegion" : "MA", "postalCode" : "02451", "streetAddress" : "275 Wyman Street, Suite 400" }, "email" : "hello@power.com", "knowsLanguage" : "", "logo" : { "@type" : "ImageObject", "url" : "https://f.hubspotusercontent20.net/hubfs/295024/CommonwealthFinancialNetwork-Logo.png" }, "name" : "Commonwealth Financial Network", "telephone" : "+49 (0) 89 123 456", "url" : "https://learn.commonwealth.com/advisor-guide/independence/key-topics/business-management" } ```