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In mid-June, my partners and I officially announced that Midwest Financial Partners had become a new, independent RIA firm called Octavia Wealth Advisors. This transition represents a natural evolution of our service delivery at a time when more Americans than ever need quality client-focused and impartial financial advice.

We enjoyed a long history together at Midwest Financial Partners, spanning more than 20 years for the most senior members of the team. Our new firm will retain its 35 employees and continue to address the financial needs of clients at all stages of their lives, as well as work extensively in the retirement plan market with both 403(b) and 401(k) offerings.

Why did we choose to go independent?

Professional and personal factors played a part. Although it wasn’t a decision to be taken lightly, all eight partners emphatically agreed on this course of action. The partners and I always put a large focus on providing clients with conflict-free advice rather than pushing products. As our industry evolved, it became evident that the business model we wanted to create was only achievable by becoming an independent RIA.

After many years of discussion and planning, we became independent so that our business model better aligned with our values.