The RIA model typically provides far more flexibility with how you can charge your clients for your services.

AUM, flat, subscription, hourly are some of the options.

Even the most used “AUM fee” comes with additional flexibility.

• The frequency in which you charge the fee.
• What pricing tiers you use.
• Whether you charge in advance or arrears.
• Whether the fee is based on a single date in time (ex: quarter end), or an average of the period.
• The ability to pair an AUM with another fee type (ex: flat fee.)

In this episode (#126) of the Transition To RIA question and answer series I explain the different fee types most often used in the RIA model.

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-type-of-fees-can-i-charge-my-clients-in-the-ria-model/

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.

How difficult is a transition to the RIA model?

It’s difficult enough that some advisors and teams can never bring themselves to cross the bridge.

Whereas other advisors and teams learn how to navigate the process, and successfully do so.

There are nonetheless still “difficult” parts to a transition:

• Overcoming the uncertainty of a model you’re not yet familiar with. (This is solved through education.)
• The workload involved with putting all the pieces into place, particularly down the stretch as the transition nears.
• The sprint to move your clients post-launch.

In this episode (#125) of the Transition To RIA question & answer series I explain how to successfully navigate these “difficult” steps.

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/how-difficult-is-a-transition-to-the-ria-model/

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 don’t have to be 100% fee-only to transition your practice to the RIA model.

There are potential ways to “solve” for your remaining legacy commission assets.

One potential way is to utilize an “RIA-Friendly Broker-Dealer.”

But what exactly is an RIA-Friendly Broker-Dealer?

How does it work?

Is it available for you to use?

How much does it cost?

In this episode (#124) of the Transition To RIA question and answer series, I explain what an RIA-Friendly Broker-Dealer is and when you might consider using one.

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-is-an-ria-friendly-broker-dealer/

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.