What this is (and isn’t)
Decision delay usually isn’t about math. It’s about identity, loss aversion, and the perceived social risk of leaving. Here’s how to recognize the traps and move with clarity.
Note: This is educational and not legal advice. Treat it as a primer so you can ask better questions of counsel.
Key takeaways
- Loss aversion makes ‘staying put’ feel safer than it is.
- Ambiguity beats fear: your brain hates unknown outcomes more than bad outcomes.
- ‘One more year’ is often a story, not a plan.
- Clarity comes from defining constraints and running small tests.
- The cleanest path is a staged decision: model → readiness → legal mapping → commitment.
The three traps
- Status quo bias: the familiar feels safe.
- Social risk: fear of judgment from peers/leadership.
- Identity shift: advisor → operator/CEO.
A practical way out
Stop trying to ‘feel ready.’ Build readiness with a 30-day plan: economics model, restrictions map, operating model sketch, and client communication outline.
Disclosure
RIA Confidential is an educational resource center. Nothing on this page is legal, tax, or compliance advice. Consult qualified legal and compliance professionals for guidance specific to your circumstances.
