Brad Wales

Transition To RIA Podcast

Business EN ↓ 150 episodes

The Transition To RIA Podcast is named by Kitces as a Top Podcast for Financial Advisors! Brad Wales, founder of Transition To RIA (TransitionToRIA.com) discusses WHY and HOW to transition your financial advisory practice to the Registered Investment Advisor ("RIA") model. This question/answer style podcast pulls directly from the hundreds of RIA related questions Brad has been asked over the years. With 20+ years industry experience, including direct RIA related roles in compliance, finance and business development, Brad has become the go-to expert for everything financial advisors want to le...

Author

Brad Wales

Episodes

Q25 - Should I Buy An Existing RIA Or Start My Own? 07.12.2020 15:56

Episode #25: This episode is from video #25 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 to compare simply buying an existing (already formed/live) RIA vs starting one logistically from scratch. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and...

Q24 - What Is A "No Transaction Fee" Program? 07.12.2020 18:29

Episode #24: This episode is from video #24 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 a "No Transaction Fee" program is, and where you would encounter one as an RIA. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to le...

Q23 - What Is The Difference Between Transaction Based Pricing & Asset Based Pricing? 07.12.2020 18:20

Episode #23: This episode is from video #23 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 the difference is between Transaction Based Pricing & Asset Based Pricing, and when they are respectively utilized or not. About Host: Brad Wales is the founder of Transition...

Q22 - Does My Custodian Send Account Statements To My Clients? 07.12.2020 13:41

Episode #22: This episode is from video #22 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 whether or not (and how) a custodian will send account statements directly to your clients. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everyt...

Q21 - Can I Charge Flat Or Hourly Rate Fees For Financial Planning As An RIA? 07.12.2020 17:15

Episode #21: This episode is from video #21 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 options you have of different ways you can charge for your services under the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors t...

Q20 - What Is The Minimum Account Size I Can Have As An RIA? 07.12.2020 17:52

Episode #20: This episode is from video #20 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 sort of account minimum requirements you can expect from the custodians you work with. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everyt...

Q19 - Will My Custodian Offer Every Mutual Fund I Might Want To Use With My Clients? 07.12.2020 15:34

Episode #19: This episode is from video #19 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 expect for mutual fund availability from your custodian(s) that you'll use as a Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial a...

Q18 - Will I Keep 100% Of My Clients If I Start My Own RIA? 07.12.2020 12:19

Episode #18: This episode is from video #18 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 achieve for client retention if you transition into the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial...

Q17 - As An RIA, Can I Use More Than One Custodian? 07.12.2020 12:20

Episode #17: This episode is from video #17 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 optionality you have with working with custodians as your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and unders...

Q16 - What Is An Advisory Agreement And How Do I Create One? 07.12.2020 14:28

Episode #16: This episode is from video #16 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 an "advisory agreement" is, why you need one as a Registered Investment Advisor (RIA), and how you go about creating one. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advi...

Q15 - Does The Client Or RIA Pay The Trading Transaction Costs? 07.12.2020 17:51

Episode #15: This episode is from video #15 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 who has to pay the trading transaction costs, the investing client or the Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn an...

Q14 - What Level Of Bottom Line Income Can I Expect To Earn As An RIA? 07.12.2020 16:35

Episode #14: This episode is from video #14 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 level of bottom-line take home income you can generally expect to earn as your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial adviso...

Q13 - Can I Sell Insurance Products As An RIA? 07.12.2020 13:29

Episode #13: This episode is from video #13 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 steps involved with being able to sell insurance as your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and underst...

Q12 - How Much Does An RIA Compliance Consultant Cost? 07.12.2020 14:14

Episode #12: This episode is from video #12 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 pay for a compliance consultant to assist you with the startup and ongoing compliance responsibilities of having your own Registered Investment Advisor (RIA). About Host: Brad Wales i...

Q11 - Won't I Have To Pay For Doing My Own Compliance As An RIA? 07.12.2020 13:48

Episode #11: This episode is from video #11 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 compliance works as your own Registered Investment Advisor (RIA), and why it's actually more advantageous than you most likely realize. About Host: Brad Wales is the founder of Transition To RIA, where he helps f...

Q10 - Will I Officially Own My Book With My Own RIA? 07.12.2020 8:36

Episode #10: This episode is from video #10 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 "book ownership" works in the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand everything there is t...

Q9 - What Is The Minimum AUM I Must Have To Start An RIA? 07.12.2020 11:18

Episode #9: This episode is from video #9 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 various AUM "minimums" you should be aware of as you consider starting your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to...

Q8 - How Often Will My RIA Receive A Regulatory Exam? 07.12.2020 12:28

Episode #8: This episode is from video #8 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 frequency of regulatory exams you can generally expect to experience as your own Registered Investment Advisor (RIA). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to...

Q7 - Do I Have To Get Outside Business Activities Approved As An RIA? 07.12.2020 11:50

Episode #7: This episode is from video #7 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 the process is (or isn't, for that matter) regarding Outside Business Activities (OBAs) as your own RIA. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and u...

Q6 - Can I Have Discretionary Accounts As An RIA? 07.12.2020 7:54

Episode #6: This episode is from video #6 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 whether or not you can have discretionary accounts in the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understand...

Q5 - How Long Does It Take To Register An RIA? 07.12.2020 11:50

Episode #5: This episode is from video #5 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 length of time you can expect that a full registration of a new Registered Investment Advisor will take to formally complete. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial adv...

Q4 - How Do I Logistically Setup An RIA? 07.12.2020 16:57

Episode #4: This episode is from video #4 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 actual logistical steps involved in formally establishing your own Registered Investment Advisor. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understan...

Q3 – What Is The Difference Between An RIA And An IAR? 06.12.2020 6:35

Episode #3: This episode is from video #3 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 the difference is between a Registered Investment Advisor (RIA) and an Investment Advisor Representative (IAR). About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to lear...

Q2 – Do I Need To Register My RIA With The SEC Or With My State? 06.12.2020 11:34

Episode #2: This episode is from video #2 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 determines whether you would need to register your RIA with the SEC vs the state your reside in. About Host: Brad Wales is the founder of Transition To RIA, where he helps financial advisors to learn and understan...

Q1 - Why Should I Consider Transitioning To The RIA Model? 06.12.2020 14:46

Episode #1: This is question #1 of the Transition To RIA video series where I answer RIA related questions I get from advisors just like you. On today's question I answer the macro question of why, as a financial advisor, should you be considering transitioning your practice to the Registered Investment Advisor (RIA) model. About Host: Brad Wales is the founder of Transition To RIA, where he help...