Q81 - Is Broker-Dealer Technology Better Than RIA Technology?

Transition To RIA Podcast · Mar 23, 2023 · 25m

A tale often told by broker/dealer management is that B/D technology is superior to the technology available in the Registered Investment Advisor ("RIA") model.

A few decades ago, they were right!

There was a time that broker/dealers had better economies of scale with technology investments as they had more advisors (users) to spread the investment cost across, versus what any one tech provider in the then RIA space could achieve.

That investment advantage, led to better technology.

That paradigm is now exactly opposite.

With the growth of the RIA model over the past few decades, large RIA…