How Do I Evaluate An RIA To Join? скачать в хорошем качестве

How Do I Evaluate An RIA To Join?

There are multiple pathways into the RIA model. Each with pros and cons. One of the pathways is to join an existing RIA. When I first note the latter to advisors, there is often a misconception about what that entails. I’ll often hear… “I don’t want to sell my practice.” That “flavor” of RIA exists, but it’s by no means the only flavor available. In fact, there are over a dozen variables that distinguish one RIA from another. Some RIA offerings will be of no interest to you, whereas others could be very appealing. In this episode of the Transition To RIA question & answer series I explain how to evaluate an RIA to potentially join. I'm Brad Wales with Transition To RIA (TransitionToRIA.com). This is episode #142 of my question and answer series where I answer RIA related questions I get from advisors just like you. What I do: At Transition To RIA I help financial advisors and teams between $50M and $1B understand everything there is to know about WHY and HOW to transition their practice to the Registered Investment Advisor (RIA) model. RESOURCES & LINKS ___________________________________________ 🔹 Website: https://TransitionToRIA.com/ 🔹 Show notes: https://TransitionToRIA.com/how-do-i-... 🔹 Contact me: https://transitiontoria.com/contact/ 🔹 List of all questions I've answered: https://transitiontoria.com/videos/ 🔹 Podcast: https://transitiontoria.com/podcast/ 🔹 Whitepaper ("11 Ways The Economics Of The RIA Model Are Superior To Other Advisor Affiliation Options"): https://transitiontoria.com/whitepapers/ 🔹 Transcription of video: How do I evaluate an RIA to join? That is today's question on the Transition To RIA question & answer series. It is episode #142. Hi, I'm Brad Wales with Transition To RIA, where we help you understand everything there is to know about why and how to transition your practice to the RIA model. If you're not already there, head to TransitionToRIA.com where you’ll find this entire series in video format, podcast format. There are articles, there are whitepapers. There's a Vendor Profile Series. All kinds of things to help you better understand the model. Again, TransitionToRIA.com. On today's episode we're going to talk about how to evaluate an RIA to potentially join. Now, the reason I want to make this episode is because it's perhaps easier said than done on how to actually evaluate an RIA. That's in part because of the proliferation of so many different RIAs out there that you could potentially join. And so many different, as I often say, “flavors” of RIAs that have different value propositions, different service offerings, different economics, different reasons some advisors are attracted to them, whereas others won't be. And so I wanted to make this episode to go over what many of those variables are that you'd want to be aware of. And obviously that's a big part of what I help advisors with is knowing who the players are in the space and how they differ, and I help you narrow that field down so you're not exploring some array of options that are not going to be of any interest to you. I’m happy to have that conversation with you as well. But I wanted to do this episode to at least give you a primer on what some of the variables are that go into that evaluation. To start with, as a quick reminder, which I talk about often on these episodes, there are three main ways you can transition your practice into the RIA model. They all have pros and cons. They all have reasons some advisors go in one direction, other advisors go in different directions. There's no rule book on this that I can simply ask…. “What size is your practice? Where firm are you at now?”…let me look at the little matrix here and it tells us which pathway you should go on. Every advisor and team situation is different and so it's important you understand how these variables help determine which path might be best for you. But again, just as a reminder, on one end of the spectrum is you could start your own RIA. That's where you're starting your own RIA and you're building out the necessary solution providers around it. On the other end of the spectrum is where you join an RIA. That's what we're going to be talking about in today's episode. And in the middle is a go-between of those two, which is where you have your own RIA, but you lean on a single vendor for about 80% of the different needs that you would otherwise have to package together yourself with the fully start your own RIA approach. Con't.... View remainder of transcription here: https://TransitionToRIA.com/how-do-i-... Disclaimer: https://transitiontoria.com/terms/