'Independence Stories': Sooner is better if you plan to go solo

'Independence Stories': Sooner is better if you plan to go solo
Dany Martin
Financial advisor Dany Martin shares the lessons he learned after leaving one of the country's biggest banks to set up his own firm in the third installment of InvestmentNews' new 'Independence Stories' series.
JUN 30, 2025

In honor of Independence Day this week, InvestmentNews is reaching out to a number of financial advisors to learn their personal “independence stories.” Of course, wealth managers leaving an investment bank or wirehouse to operate on their own is a different type of risk than the mortal dangers faced by America’s Continental Army when they split off from King George III. Nevertheless, the entrepreneurial spirit is very much part of the essence of America and what makes the country - and its financial system - the envy of the world!

Dany Martin, partner & advisor at WFA ($500 million AUM, 10 employees)
 

InvestmentNews: What specific strategies or actions were most effective in helping your firm grow after becoming independent?


Dany Martin: A few key things really helped us grow after going independent in 2015. First, we focused on putting clients first through proactive communication, being thoughtful with gifts and hosting events that actually mattered to them. Partnering with RFG Advisory was a big part of it too. They gave us the support and structure we needed to scale.

We also transitioned to a more defined, institutional-style investment strategy, adopted new technology to improve efficiency and hired the right people without all the corporate red tape. On top of that, we underwent a rebranding that was built around our own vision, instead of operating under a larger firm’s identity.

How has your approach to business development changed since launching your own firm?
 

Martin: Since launching, we’ve taken a much more intentional approach to business development. We’ve worked with business coaches from day one, which led to new initiatives like our athletes division and leaning into RFG’s StrongHer Money platform for women.

Collaborating with other professionals has helped us deliver more holistic advice, and our marketing has evolved from one-off events to impact-driven brand building, including charitable work. We’ve adopted the mindset that it’s better to be found than heard.

What was your biggest challenge in the first year of independence? How did you overcome it?
 

Martin: I found that having the confidence that clients would see the value in our new model was more challenging than I anticipated. That ended up being more of a mental hurdle than a real one.

I also took a pay cut early on to reinvest in building something bigger, more sustainable and more meaningful for the long term.

Looking back, what advice would you give to an advisor considering the leap to independence today?
 

Martin: My advice to any advisor considering the leap to independence is simple: don’t wait. Find a partner like RFG Advisory so you don’t have to figure it all out on your own. Take the time to really understand enterprise value, long-term cash flow, and the freedom that comes with owning your own time and vision.

When you’re independent, the only goals that matter are the ones you set for yourself, not someone watching from a high-rise office.

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