A benefit of transitioning your practice to the RIA model is gaining access to a wider array of investment solutions, technology offerings, and service providers.

But with some variables of your practice, you might desire to maintain a status quo.

Advisors that currently outsource their asset management to 3rd party models or managers often prefer to maintain similar solutions upon transitioning.

In this episode (#128) of the Transition To RIA question and answer series, I explain the variables and considerations involved with maintaining your existing approach to managing assets.

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/can-i-keep-using-the-same-investment-models-or-smas-that-im-using-now-if-i-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.

Participants in our industry often talk about moving to another broker/dealer.

But when they say “broker/dealer” they are also often referring to an RIA.

Or conversely, you’ll hear voices discussing joining or starting an RIA.

Yet that too, could also potentially involve a broker/dealer as well.

Confused yet?

In this episode (#127) of the Transition To RIA question and answer series I explain the difference in these two structures and how the terminology is used properly.

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-the-difference-between-an-ria-and-a-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.

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.