Q62 - Should I Join An Independent Broker-Dealer First Or Should I Go Straight To The RIA Model?

Transition To RIA Podcast · Apr 25, 2022 · 30m

I have a lot of conversations with advisors that are in the wirehouse W2 type model, who want to move into a more independent model.

Sometimes the default reaction they have is, "Maybe I should go into the independent broker-dealer model first and then move into the RIA model later." The phrase I sometimes hear is, "Maybe it's a step too far to go from this employee model I’m in now, all the way to the RIA model."

I challenge that by asking, "Why is that? Why do you feel you need a stepping stone to get to where you eventually want to get to?"

On this episode I go into some of the reasons…