Your Guide to

Independence

Congratulations! You’ve made the first step toward owning your own financial services firm. As an entrepreneur, you’ll soon be responsible for many new areas of your business.

Key Considerations

1
Planning and Execution
Connect with your Bristal Lane Relationship Manager who will guide you through the entire process.
BUSINESS FORMATION
Determine legal structure. Set up an operating agreement and a bank account. Select accounting services.

2
3
FIRM IMAGE
Create firm name and brand identity. Build website, design marketing collateral and stationery. Determine transition communication plan.
Insurance
Identify business insurance needs. Find property & casualty, errors & omissions, and employee health insurance.

4
5
Back-Office Operations
Determine compliance needs, implement training program. Create process for books and records.
Human Resources
Set up payroll processing, determine health care and retirement benefits and initiate enrollment. Develop employee manual.

6
7
Office Space
Lease office space, determine design, layout and signage, purchase furniture, and establish telephone, cable and internet.
Technology
Determine business software and hardware needs. Set up email addresses (if applicable).

8

FOCUS ON YOUR CLIENTS,
BRISTAL LANE DOES THE REST.

OPERATIONAL AND ADMINISTRATIVE FUNCTIONS

Accounting and taxes
Financial reporting
Operational implementation
Human resource outsourcing
Strategy development

MARKETING AND CLIENT COMMUNICATIONS

Client communication strategy
Foundational marketing materials
Consistent, timely client outreach
Brand awareness
Firm differentiation

LET’S HAVE A

Independence

Key Considerations

FOCUS ON YOUR CLIENTS, BRISTAL LANE DOES THE REST.

OPERATIONAL AND ADMINISTRATIVE FUNCTIONS

MARKETING AND CLIENT COMMUNICATIONS

CONVERSATION

FOCUS ON YOUR CLIENTS,
BRISTAL LANE DOES THE REST.