Transition To RIA Podcast

I'm Brad Wales with Transition To RIA. This is episode #52 of the Transition To RIA question and answer series where I answer RIA related questions I get from advisors just like you. There are fun and exciting parts to transitioning your practice to the RIA model. To name a few: - How will you brand and market your new practice? - With newfound flexibility, will you add to your service offering? -...

Something I do with almost all financial advisors I talk to, is to explain the various PATHWAYS INTO THE RIA MODEL. For some, that will be starting their own RIA. For others, it will be joining an existing firm. Whereas others pursue a middle of the road path that is essentially a mix of the two. Of these options, WHY JOIN AN EXISTING RIA, WHEN YOU CAN PERHAPS START YOUR OWN? In my lates...

I'm pleased to report I am now up to episode #50 of my RIA explanatory series! Ironically, I was once told making such episodes would never work. Well, after ignoring that advice, turns out people like (and prefer!) genuine educational content. No one wants to be sold to. Continuing that same theme with episode #50, I was fortunate to be joined by Tim Rembowski of DPL Financial Partners. Tim...

This is episode #49 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....How Long Does It Take To Transition To The RIA Model? Pop quiz:  How do you know someone does CrossFit? Answer:  Don’t worry, they will tell you! I can make this joke as I previou...

This is episode #48 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....Why Should An RIA Use LinkedIn? “ Do you know how hard it is to think someone's a jerk who asks you interesting questions about your background? ” This was from Sara Grillo who jo...

This is episode #47 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....10 Reasons To NOT Start An RIA? There are pros AND cons to starting your own RIA. There is no golden goose.  No firm or affiliation model is perfect in every way. What I frequentl...

This is episode #46 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....how do I obtain Errors & Omissions insurance ("E&O") as my own RIA? Transitioning to the RIA model 30 years ago was hard.  Transitioning to it today, not so hard. However,...

This is episode #45 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....how to charge for financial planning? Ever have a prospective client where an AUM fee model is not feasible, and/or desired? The common example is a doctor shortly out of residenc...

This is episode #44 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....what is the minimum amount of assets under management (AUM) you need to be able to start your own RIA? In theory, this should be a relatively simple question to answer.  In practi...

This is episode #43 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the question.....how do I run the business side of my own RIA? Having your own RIA involves identifying and utilizing various solution providers to assist you in successfully running your practice...

This is episode #42 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I answer the capstone question of.....how do I start my own RIA?  I address, among other things: ✔️ Why transitioning your practice to the RIA model doesn't have to be complicated. ✔️ The three distinct ap...

Episode #41:  This is episode #41 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I am joined by special guest Sharron Ash, where together we address: ✔️ The profile of advisor that needs to be familiar with these legal considerations. ✔️ The "broker protocol" and when/how...

Episode #40:  This episode is from video #40 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. In this episode, I address: ✔️ You're probably receiving less in payout than you realize✔️ The importance of an itemized bill vs bundled bill✔️ Some painful math regarding your payout✔️ How this all compares to th...

Episode #39 :  This episode is from video #39 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I am joined by podcasting expert, Matt Halloran to explain how as an RIA you can establish your own podcast to better position yourself in the marketplace and attract new clients. About Host :...

Episode #38:  The Certified Financial Planner (“CFP”) designation is arguably the mostly widely recognized professional designation within the financial services industry. From a purely regulatory perspective, holding a CFP is not required in order to start/maintain your own Registered Investment Advisor (“RIA”).  Depending on the state you reside in, the designation can however often be used in l...

Episode #37:  One of the most exciting aspects about transitioning to the RIA model is creating your marketing plan for your new firm.  This is where you get to bring to life the vision you’ve always had of exactly how you want to position your firm in the marketplace.  What name you want to call your firm. The logo you want to use. How your website will appear.  The look, feel and message of your...

Episode #36:  This episode is from video #36 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I explain how an RIA custodian generates revenue for itself. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything ther...

Episode #35:  This episode is from video #35 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I explain what exactly a "hybrid" solution is and how/why it is often interchangeably (and incorrectly) used within the industry. About Host: Brad Wales is the founder of Transition To RIA, wher...

Episode #34:  This episode is from video #34 of the Transition To RIA video series where I answer Registered Investment Advisor (RIA) related questions I get from advisors just like you. On today's episode I explain the different types of RIA compliance consulting firms you will potentially utilize as your own RIA. About Host: Brad Wales is the founder of Transition To RIA, where he helps financia...

Episode #33:  This episode is from video #33 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain if, and how, it is possible to charge performance based fees as a Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and unders...

Episode #31:  This episode is from video #31 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain the current debate regarding when/if you can call yourself "fee-only", or depending on your service offering, should you instead only be using a "fee-based" verbiage. About Host: Brad Wales is the founder of Transiti...

Episode #30:  This episode is from video #30 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain the often unknown/misunderstood option of being able to still maintain a commission component to your practice as your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To R...

Episode #28:  This episode is from video #28 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain what you can generally expect to happen during a regulatory examination of your Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to le...

Episode #27:  This episode is from video #27 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain how it is possible (and arguably preferable) to start with one custodian as a new Registered Investment Advisor (RIA), and then, if desired, become multi-custodial at a later date. About Host: Brad Wales is the found...

Episode #26:  This episode is from video #26 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's episode I explain how and when conflicts (and potential conflicts) of interest have to be disclosed in the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial...