Latest / Transition To RIA Podcast
Q61 - What Should I Do With My Legacy Commission Business?
A common misconception about the Registered Investment Advisor ("RIA") model is that you must be 100% fee-only to transition your practice to it.
Most advisors, at the time of transitioning, are in fact not 100% fee-only. Many never plan to be going forward either.
While the assets under the RIA itself are fee based accounts, there are several solutions to accommodate the existing commission part of your practice.
In this episode of my RIA explanatory series, I address five different approaches for your commission assets:
Walk away
Convert
Sell
Use an RIA-friendly broker/dealer
Park and…
The skinny
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