Q148 - How Much Does A Custodian Cost?

MAY 14, 202627 MIN
Transition To RIA Podcast

Q148 - How Much Does A Custodian Cost?

MAY 14, 202627 MIN

Description

<p>Whether you start your own RIA, or join an existing one, choosing which custodian to use is an important part of the decision process.</p><p></p><p>As with choosing most solution providers for your practice, many variables should be evaluated. Price is one of them.</p><p></p><p>So how much does a custodian cost?</p><p></p><p>For better or worse, there is a very nuanced answer to that.</p><p></p><p>On this episode (#148) of the Transition To RIA question and answer series, I explain what you should expect to pay (or not) for custodial services.</p><p></p><p>Come take a listen!</p><p></p><p>P.S. Prefer video? You can find this entire series in video format on Youtube. Search for the TRANSITION TO RIA channel.</p><p></p><p>Show notes: <a href="https://TransitionToRIA.com/how-much-does-a-custodian-cost/">https://TransitionToRIA.com/how-much-does-a-custodian-cost/</a></p><p></p><p>About Host: Brad Wales is the founder of <a href="https://transitiontoria.com/">Transition To RIA</a>, 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 &amp; 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.</p>