Q68 - Mistakes To Avoid When Trying To Recruit Advisors To Join Your RIA?

Transition To RIA Podcast · Aug 2, 2022 · 23m

There are two ways to grow an RIA.

Organically from expanding existing client relationships and bringing on new clients.

And inorganically, from acquiring practices and/or attracting advisors to join your RIA and bringing their clients with them.

When doing the latter, it is important to understand the competitive landscape and what is expected of joining advisors.

In the latest episode of my RIA question and answer series, I discuss 7 mistakes to avoid if trying to attract advisors to join your RIA:

You do not have a defined offering.

You have a weak value proposition.

You price your…