Transition To RIA Podcast

While it is not always referred to as a "1099 model", there is a type of RIA platform offering that many advisors find to be an attractive alternative to running their own RIA.These "1099 models" come in various flavors but they typically share the following (among other things):* Retain 100% ownership of your practice;* Use your own brand;* Control your local expenses;* Access a suite of technology and solution provider resources;* If applicable, provide solutions for your remaining legacy commission assets; etc.If considering starting your own RIA, it's worthwhile understanding how these models compare.In this episode (#138) of the Transition To RIA question & answer series I explain what these models are and why they’re worth considering 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/what-is-a-1099-ria-model/ (https://TransitionToRIA.com/what-is-a-1099-ria-model/)About Host: Brad Wales is the founder of Transition To RIA (https://transitiontoria.com/), where he helps financial advisors 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. 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.

We often hear about “breakaway” advisors.That is commonly understood to refer to wirehouse advisors “breaking away” to setup their own independent practices.It’s one of the main reasons the RIA channel has been, and continues to be, the fastest growing channel in the industry.But why do we never hear about independent advisors going in the other direction to the wirehouse model?Why does the river only run in one direction?In this episode of the Transition To RIA question & answer series I explain:* Why the current trend was not always the case.* What caused the trend to now occur (for a decade plus now.)* What the main motivators are for wirehouse advisors to make the change.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/why-do-advisors-leave-the-wirehouse-model-for-the-ria-model/ (https://TransitionToRIA.com/why-do-advisors-leave-the-wirehouse-model-for-the-ria-model/)About Host: Brad Wales is the founder of Transition To RIA (https://transitiontoria.com/), where he helps financial advisors 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. 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.

A typical RIA “tech stack” is comprised of 3 core pieces of software:* CRM* Financial Planning* Portfolio ManagementBut what exactly does the generic sounding “portfolio management” tool do?Considering it is typically by far the most expensive piece of a tech stack, it’s important to understand the role it would play in your practice.In this episode (#136) of the Transition To RIA question and answer series I explain:* What a portfolio management tool is.* How these tools came to be.* How they align with other parts of a tech stack.* And in some scenarios, whether you even need one to begin with!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-does-the-portfolio-management-tool-in-an-ria-tech-stack-do/ (https://TransitionToRIA.com/what-does-the-portfolio-management-tool-in-an-ria-tech-stack-do/)About Host: Brad Wales is the founder of Transition To RIA (https://transitiontoria.com/), where he helps financial advisors 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. 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.

Choosing a custodian to hold your client assets is one of the most important decisions you’ll make when transitioning your practice to the RIA model.While it might at first seem as simple as picking from the “Big 3” (formerly “Big 4”) custodians, the reality is there are close to a dozen custodial providers to potentially choose from.Differentiators amongst them include: AUM minimums, pricing, approach to technology, value proposition, service offerings, etc.In the latest episode (#135) of the Transition To RIA question & answer series I discuss how these variables will factor into your custodial decision.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-best-custodian-to-use-with-your-ria/ (https://TransitionToRIA.com/what-is-the-best-custodian-to-use-with-your-ria/)About Host: Brad Wales is the founder of Transition To RIA (https://transitiontoria.com/), where he helps financial advisors 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. 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.

In this episode (#134) of the Transition To RIA question & answer series we expand upon five critical ways advisors can make mistakes when transitioning their practices to the RIA model, and how to avoid them:* Not thoroughly researching the RIA model to understand if it is a fit for your practice;* Not thoroughly researching your options of how to transition into it;* Misjudging your client loyalty;* Not getting proper legal advice on how to navigate the departure from your current firm;* Not following a time-tested approach on how to navigate a transition successfully.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-are-the-biggest-ways-to-screw-up-a-transition-to-the-ria-model/ (https://TransitionToRIA.com/what-are-the-biggest-ways-to-screw-up-a-transition-to-the-ria-model/)About Host: Brad Wales is the founder of Transition To RIA (https://transitiontoria.com/), where he helps financial advisors 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. 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.