So, you want to start an RIA?

You want the better economics that come with it?

The increased flexibility you’ll have with your practice?

But are you aware of the additional responsibilities that come with it as well?

As advantageous as the RIA model is, there is no free lunch.

It’s important to understand what the additional responsibilities are, to determine if they are something you are able/willing to accommodate.

And with your specific situation, whether the added benefits of the model outweigh the added responsibilities.

In this episode (#123) of the Transition To RIA question & answer series, I explain what the additional responsibilities are of having your own RIA.

Come take a listen!

P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.

Show notes: https://TransitionToRIA.com/what-additional-responsibilities-come-with-your-own-ria/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.

Advocates of the RIA model will often passionately proclaim “THE PAYOUT IN THE RIA MODEL IS 100%!!!”

With such generous economics, the RIA path must surely be best, right?

For many advisors, it is the best path to take. But boastful headline numbers alone are not what determines that.

For starters, it’s not a “payout” at all. As your own RIA, you’re simply receiving the fee revenue you generate from your clients for the value and services you provide for them.

From that revenue, you must then deduct the expense associated with providing that value.

Then with multiple variables now involved, you must be careful to do a true apples-to-apples comparison to what “payout” you have currently.

In this episode of the Transition To RIA question & answer series I explain how the 100% “payout” in the RIA model works and how it would look for your practice.

Come take a listen!

P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.

Show notes: https://TransitionToRIA.com/is-the-payout-in-the-ria-model-really-100-percent/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.

You studied for months to take the Series 7.

You anxiously sat through the multi-hour test. Perhaps with your livelihood on the line.

You finished the test and nervously awaited the result.

You passed!

Years, if not decades have now since past.

You’re considering transitioning your practice to the RIA model, but don’t want to “lose” the 7 you worked so hard for all those years ago.

But do you have to?

In this episode of the Transition To RIA question & answer series I explain if you must drop your 7 to go RIA.

Come take a listen!

P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.

Show notes: https://TransitionToRIA.com/do-i-have-to-drop-my-series-7-if-i-go-ria/

About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. Brad has 20+ years of industry experience, including direct RIA related roles in Compliance, Finance and Business Development. He has an MBA and has held the 4, 7, 24, 63 & 65 licenses. The Transition To RIA website (TransitionToRIA.com) has a large catalog of free videos, articles, whitepapers, as well as other resources to help advisors understand the RIA model and how it would apply to their unique circumstances.