You’ve built a career on trust, integrity, and doing what’s right for your clients. But as the industry continues to evolve, you may be questioning whether your current structure still gives you the…
The Simplified Path to Independence
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Two Successful Methods for Starting Your Own RIA
Start Your Own RIA The Traditional Way
Advisors that are looking to start their own RIA from scratch are typically very experienced, with a significant book of business and a loyal client base, which can help support their new venture. They have usually already built a successful brand/practice within a broker-dealer or other financial institution, and are looking for greater independence, flexibility, and control over their business. If this sounds like you, we can provide a wide variety of services to help you on your journey.
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Traditional RIA Services
Registration: Registering an SEC or State RIA is a multi-faceted process and can vary widely depending on the state your business is established in. This means at a state level, if you currently have, or plan on having clients in multiple states, you will have to register in each state accordingly and navigate each of their unique processes, rules, and guidelines. At SimplyRIA we work with you to align all the critical intricate pieces to make sure you are prepared to launch your firm with confidence and that all areas have been fulfilled and to each state’s requirements. Most importantly you are prepared for your first, early State or SEC Audit.
Compliance: RIA Compliance has never been more important for long-term success. As an RIA Compliance & Consulting Firm, we offer programs that enable both you as the owner and Chief Compliance Officer, to leverage the SimplyRIA Team. Our resources, knowledge, and experience will fully support you and your Firm. By the way, we do, actually answer our phones!
Documents: Once you establish your RIA Firm, you will need to establish all the necessary compliance documents for both your Clients and the Advisors of your Firm if applicable. Building these documents is a critical and time-consuming process and can take away from what is important, growing your business and servicing your clients. SimplyRIA compliance consultants will help properly structure your documents to align with your specific business model.
Customized RIA Services
Unlike most cookie-cutter Compliance Firms, SimplyRIA recognizes that each business is unique and requires special attention or customized consulting, registration, and on-going compliance services. If you’re not interested in an “out of the Box” or just “fill in the blanks” approach or, more importantly, you don’t want to pay a second time for corrections, SimplyRIA should easily be your first choice. We believe the devil is in the details, do you?
We encourage you to speak with our RIA clients and ask them for yourself about their experience before you decide what’s best for you and your Firm.
Utilize Our RIA Launch Pad Process
The RIA Launch Pad Program was created for Advisors that may not be ready or are not interested in completely starting from scratch, but are looking for more independence, flexibility, and control over their business. We provide an environment for Advisors to grow their practice under their own autonomous brand without the hassle or expense of setting up their own infrastructure. When willing and ready, we'll help them transition and start their own RIA. If this interests you, learn about the transition process below.
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Painless Transition Process
Quick registration and gain immediate SEC status
Our back office team will facilitate entire client account transition
Working with a team that actually answers the phone
Autonomous Environment
Building a business to create the lifestyle you envision
Establish and customize your own branch office brand, logo, and email/domain/website
Client services & fee structure autonomy
A compliance department strives to say “yes”
Profit sharing opportunities for tenured Advisors
Advisor Operating System
Focus on growing your business, while we handle the minutia:
Paperless compliance
Billing & accounting
Portfolio design & management
Comprehensive integrated BGA
Advanced markets capabilities i.e. DSTs, QOZs, 401(k), etc.
White glove client service*
In-house marketing & digital media team
Proven exclusive workshop series
Innovative marketing collateral and resources
On-boarding discovery consultation and welcome package
Add sub-advisors or admin staff to your branch office
Advisor continuity planning
Constant SEC management and audit preparation
* Subject to availability and additional basis point fee. White Glove includes: portfolio blueprint analysis, portfolio comparison & investment analysis, account opening & paperwork, NIGO support, financial Planning support
Launch Your Own RIA
Should you decide and are ready to take on establishing your own RIA, we’ll do it for free**. Additionally, we will assist with:
Transition evaluation
Developing a seamless exit strategy
Maintain our integrated 3rd party services.
Outsourced ongoing compliance services through SimplyRIA
** Talk with one of our Business Development Adivsors (BDA) for more details.
Opportunity Cost of Starting Your Own RIA the Traditional Way vs RIA Launch Pad
Unlock the Secrets to a Successful RIA: Download "10 Tips to Know Before Starting a Successful RIA" Guidebook
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