Q160 - How Do I Repay A Forgivable Loan To Move To The RIA Model?

Transition To RIA Podcast · Oct 29, 2026 · 25m

When an advisor is recruited to a wirehouse (or similar type broker/dealer) an "upfront check" is generally involved.

These are often referred to as "forgivable loans."

While seemingly lucrative, there are, of course, always strings attached.

If circumstances warrant the advisor leaving that firm before the forgivable period ends, there is an expectation that some of that upfront check must be repaid.

In this episode (#160) of the Transition To RIA question & answer series, I explain logistically what occurs with such upfront checks, and how repayment generally occurs.

Come take a listen!…