Shows / Transition To RIA Podcast
Transition To RIA Podcast
The Transition To RIA Podcast is named by Kitces as a Top Podcast for Financial Advisors! Brad Wales, founder of Transition To RIA (TransitionToRIA.com) discusses WHY and HOW to transition your financial advisory practice to the Registered Investment Advisor ("RIA") model. This question/answer style podcast pulls directly from the hundreds of RIA related questions Brad has been asked over the years. With 20+ years industry experience, including direct RIA related roles in compliance, finance…
Episodes
- Transition To RIA Podcast
Q100 - Seven Questions Michael Kitces Has Never Been Asked.
To celebrate the 100th episode of the Transition To RIA question & answer series, I was joined by special guest, Michael Kitces. He graciously accepted my…
- Transition To RIA Podcast
Q99 - What Do Advisors Fear About Compliance With The RIA Model?
Thinking about starting an RIA? Beware of industry voices bent on scaring you out of it. Whether due to naivety or because they’re agenda driven to keep you…
- Transition To RIA Podcast
Q98 - Is The RIA Model Right For Your Practice?
I’m an advocate of the RIA model. Better economics and increased flexibility are why it continues to be the fastest growing channel in the industry. But it’s…
- Transition To RIA Podcast
Q97 - What Type Of RIAs Should You NOT Join?
There are a lot of things in life in which getting to a “no” is easier than getting to a “yes.” Deciding which RIA to join is one of them. With several strong…
- Transition To RIA Podcast
Q96 - What Is The Quickest You Could Transition To The RIA Model?
Ideally you will never be in a situation where you must ask what is the quickest you could transition your practice to the RIA model. A transition typically…
- Transition To RIA Podcast
Q95 - Harder To Pick An RIA To Join Than A Broker-Dealer To Join?
You don’t choose which car to buy based on which dealership brand happens to be closest to where you live. You don’t choose which house to buy based on which…
- Transition To RIA Podcast
Q94 - Why Go RIA When Wirehouses Offer Huge Upfront Checks?
There are many participants in our industry who run around gleefully messaging the big upfront bonus checks wirehouses are known to write. Have you ever…
- Transition To RIA Podcast
Q93 - What Is The Difference Between A Corporate RIA And An Independent RIA?
There are no specific regulatory or legal definitions of "Corporate RIA" or "Independent RIA." Instead, we must rely on how the terms are commonly used in the…
- Transition To RIA Podcast
Q92 - How Much Cash Should I Have Saved Before Transitioning My Practice To The RIA Model?
You've done your due diligence on the RIA model. You've determined which path into the model to use. You've mapped out the transition steps. But how much is it…
- Transition To RIA Podcast
Q91 - What Is The Payout If I Join An RIA?
Transitioning your practice to an existing RIA platform is a path chosen by many advisors. An important part of your due diligence of a firm is their payout…
- Transition To RIA Podcast
Q90 - What Website Domain Should I Use With My New RIA?
Transitioning your practice to the RIA model gives you the luxury of creating your own brand. Having a website to showcase your brand, and provide a way for…
- Transition To RIA Podcast
Q89 - How Do I Evaluate A Potential RIA To Join?
Many advisors seek to transition their practice to the RIA model by joining an existing RIA offering. With different platform types, value propositions, and…
- Transition To RIA Podcast
Q88 - The 3 Key Decisions Involved When Considering The RIA Model.
Determining whether to transition your practice to the RIA model does not have to be intimidating. The entire process can be simplified down to three key…
- Transition To RIA Podcast
Q87 - What Is The Most Important Software For A New RIA?
If you transition your practice to the RIA model there are a LOT of variables to consider, and decisions to be made. What technology to use is one of the most…
- Transition To RIA Podcast
Q86 - How To Run A Large RIA With Only One Person?
There are multiple tasks involved with running an RIA practice. Advisors tend to be passionate about the client facing tasks, and less so the behind-the-scenes…
- Transition To RIA Podcast
Q85 - What Could Prevent An Advisor From Starting An RIA?
You've done your homework to learn how the RIA model works. You've considered the different pathways into the model. You've performed due diligence on the…
- Transition To RIA Podcast
Q84 - How Much Does It Cost To Start An RIA?
How much does it cost to start a Registered Investment Advisor ("RIA") practice? As often occurs with the advice that financial advisors give their own…
- Transition To RIA Podcast
Q83 - How Much E&O Coverage Does My RIA Need?
Obtaining Errors & Omissions ("E&O") insurance for your Registered Investment Advisor ("RIA") is not only a best practice, it is usually now a requirement for…
- Transition To RIA Podcast
Q82 - Won't Large RIAs Have The Same Challenging Compliance Departments As Broker-Dealers?
A common frustration by financial advisors in the broker/dealer model is a burdensome compliance department. This is often the result of the firm managing…
- Transition To RIA Podcast
Q81 - Is Broker-Dealer Technology Better Than RIA Technology?
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")…
- Transition To RIA Podcast
Q80 - Can I Take My Employees With Me If I Transition To The RIA Model?
It is common for advisors transitioning their practice to the RIA model to want to bring their existing support team members with them. Those team members are…
- Transition To RIA Podcast
Q79 - How Do I Explain The RIA Model To Clients?
There are many advantages for why financial advisors transition their practices to the Registered Investment Advisor ("RIA") model. Equally compelling are the…
- Transition To RIA Podcast
Q78 - Can I Manage Client Assets Myself As An RIA?
"Can I manage client assets myself as an RIA?" This is a simple question, with a simple answer. “Yes” More telling is why advisors are asking it in the first…
- Transition To RIA Podcast
Q77 - Why Don't More Financial Advisors Transition To The RIA Model?
Episode notes: The Registered Investment Advisor ("RIA") model remains the fastest growing channel in the industry, with no indication the trend will slow…
- Transition To RIA Podcast
Q76 - Can I Accommodate Concentrated Stock Positions As An RIA?
There are many misconceptions about the RIA model. You can’t take your legacy commission business with you…..false. You’ll spend all your time on…
- Transition To RIA Podcast
Q75 - 13 Ways That Registered Investment Advisors Have An Unfair Advantage.
Imagine I challenged you to a one-on-one game of basketball. We each use the same equipment. The rules of basketball apply to both of us. One caveat: You must…
- Transition To RIA Podcast
Q74 - How Can I Reduce Or Eliminate My Real Estate Office Expense As An RIA?
Want to know the dirty little secret of real estate expense for advisory practices? You need to pay for the expense of your office as a fixed cost, not a…
- Transition To RIA Podcast
Q73 - What Is A "Corporate RIA?"
What is a corporate RIA? You're possibly already affiliated with one and don't realize it. Worse, you could be affiliated, and don't realize if it's even…
- Transition To RIA Podcast
Q72 - How To Calculate Your True "Net" Broker/Dealer Payout?
I am frequently asked how the economics of the Registered Investment Advisor ("RIA") model compare to the broker/dealer model. The first step in a comparison…
- Transition To RIA Podcast
Q71 - What Is A "Supported Independence" RIA model?
Ever been told you shouldn't go the RIA route because you won't get any support? You'll be on your own? You'll be so busy doing administrative tasks you won't…
- Transition To RIA Podcast
Q70 - Can I Have Foreign Clients As An RIA?
It doesn’t happen often, but I do get asked……can I have foreign clients as an RIA? This is relevant if you have such clients in your current affiliation model…
- Transition To RIA Podcast
Q69 - How To Generate The Highest Income With Your RIA?
There are two ways to improve the profitability of a business. Increase revenues or decrease expenses. Preferably, you do both. The RIA model provides far…
- Transition To RIA Podcast
Q68 - Mistakes To Avoid When Trying To Recruit Advisors To Join Your RIA?
There are two ways to grow an RIA. Organically from expanding existing client relationships and bringing on new clients. And inorganically, from acquiring…
- Transition To RIA Podcast
Q67 - How Would I Improve The Wirehouse Brokerage Model?
I admit it, I critique the wirehouse brokerage model a LOT. Considering how much it contrasts with the RIA model, there’s lots to be critiquing! What if the…
- Transition To RIA Podcast
Q66 - Should You Change Affiliation Models During Challenging Market Conditions?
Walk into a hair salon and ask the stylist if you need a haircut. Any guesses what their answer will be?! The same can be said depending on who you ask about…
- Transition To RIA Podcast
Q65 - Mistakes Financial Advisors Make When Transitioning To The RIA Model.
An important role financial advisors perform for their clients is to help them avoid mistakes with their financial well-being. Likewise, when advisors…
- Transition To RIA Podcast
Q64 - What Do I Think Of "IAR-Only" Channels At Broker-Dealers?
Several independent broker-dealers have introduced “IAR-only” affiliation options. Is this something you should consider for your own practice? In this…
- Transition To RIA Podcast
Q63 - What Are The Largest Expenses Of Running An RIA?
Don't confuse the expenses of running an RIA as being "new" expenses compared to what you have now. Depending on your current affiliation model, you are likely…
- Transition To RIA Podcast
Q62 - Should I Join An Independent Broker-Dealer First Or Should I Go Straight To The RIA Model?
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…
- 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…
- Transition To RIA Podcast
Q60 - How Does A Wirehouse Compare To An RIA?
Are you a financial advisor at a wirehouse (or W2 firm) currently? Are you considering moving your practice to one? There are fundamental differences in the…
- Transition To RIA Podcast
Q59 - What Is An RIA Technology Stack?
At it's core, transitioning to the RIA model is simply an exercise in identifying what your current firm provides for you, and determining how to replicate…
- Transition To RIA Podcast
Q58 - What Is An Outsourced Chief Compliance Officer?
Every Registered Investment Advisor is required to have a named Chief Compliance Officer (CCO). Whether you are thinking of starting your own RIA, or already…
- Transition To RIA Podcast
Q57 - What is a TAMP?
You’ve likely heard of a TAMP before, but what exactly is it? The definition of a Turnkey Asset Management Program has expanded to the point where one “TAMP”…
- Transition To RIA Podcast
Q56 - What Is The Broker Protocol?
If at some point in the trajectory of your advisory practice you envision changing firms or affiliation models, it's important to understand what the Broker…
- Transition To RIA Podcast
Q55 - How Much Revenue Does A Broker-Dealer Generate From Their Advisors?
Are you a financial advisor at a broker/dealer? Are you getting good value in return for the revenue you generate for your firm? If you don’t fully understand…
- Transition To RIA Podcast
Q54 - 10 Questions On The Future Of The RIA Model With Bob Veres.
In a slight pivot to my normal format, in the most recent episode of my RIA Question & Answer series, I sat down with long time industry observer, Bob Veres…
- Transition To RIA Podcast
Q53 - How To Choose A Custodian For Your RIA?
There are more variables involved in choosing a custodial partner than most people realize. In the latest episode of my RIA explanatory series, I address 11…
- Transition To RIA Podcast
Q52 - How To Structure The Legal Ownership Of An RIA?
I'm Brad Wales with Transition To RIA. This is episode #52 of the Transition To RIA question and answer series where I answer RIA related questions I get from…
- Transition To RIA Podcast
Q51 - Should I Join An Existing RIA?
Something I do with almost all financial advisors I talk to, is to explain the various PATHWAYS INTO THE RIA MODEL. For some, that will be starting their own…
- Transition To RIA Podcast
Q50 - How To Offer Insurance Solutions As An RIA?
I'm pleased to report I am now up to episode #50 of my RIA explanatory series! Ironically, I was once told making such episodes would never work. Well, after…
- Transition To RIA Podcast
Q49 - How Long Does It Take To Transition To The RIA Model?
This is episode #49 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q48 - Why Should An RIA Use LinkedIn?
This is episode #48 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q47 - 10 Reasons To NOT Start An RIA?
This is episode #47 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q46 - How Do I Obtain E&O Insurance As An RIA?
This is episode #46 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q45 - How To Charge For Financial Planning?
This is episode #45 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q44 - Minimum AUM Needed To Start Your Own RIA?
This is episode #44 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q43 - How To Run The Business Side Of Your Own RIA?
This is episode #43 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q42 - How To Start An RIA?
This is episode #42 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get from…
- Transition To RIA Podcast
Q41 - How Do I Navigate The Legal Considerations Of Breaking Away To Transition To The RIA Model?
Episode #41: This is episode #41 of the Transition To RIA question and answer series where I answer Registered Investment Advisor (RIA) related questions I get…