Advisors can choose from various business models.
These employees are hired directly as a W2 employees with full company benefits. They work in a branch with high corporate administrative support.
These advisors enjoy office independence and still receive the benefits of being an employee. Advisors under this business model have the choice of their office location and staff while being backed by the full support and robust resources of an industry-leading firm. Support includes administrative assistance, integrated technology, and full corporate benefits. Bill Water's office is an example of this.
These advisors, such as Raymond James Financial Services, have direct control over all resources, operations, and costs associated with the business. Usually independent advisors affiliate with a broker/dealer and pay for needed services on an a la carte basis.